reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 July 2025
The announcement of a US-EU trade deal failed to lift sentiment on the Bulgarian Stock Exchange, as investors remained largely in wait-and-see mode. SOFIX slipped 0.29% to 1 038.57, weighed down by losses in Sopharma (SFA, BGN 2.42, -0.41%) and Bulgarian Real Estate Fund (BREF, BGN 5.05, -2.88%). Trading activity centered around companies linked to Chimimport (CHIM, BGN 0.73, 0.00%), including Holding Varna (HVAR, BGN 47.20, 0.00%), Balkan and Sea Properties (BSP, BGN 24.20, 0.00%), and Syntheti...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 21 July - 25 July 2025
Weekly turnover of BGN 32m doubled last week compared to the average YTD, while almost all local indexes remained unchanged except BGREIT 323.91 (+0.8%), which registered an insignificant positive move. Vacation season and the forthcoming release of H1 financial reports restrained investors’ activity, while the block trades and cash management ruled the trading. This week we will be closely monitoring the financial reports that are due to be published by Thursday, especially the industrial compa...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 July 2025
A mixed trading session fixed SOFIX (1 045.48, +0.18%) positive. The north moves of Shelly (SLYG, EUR 49.90, +2.46%), Bulgarian Real Estate Fund (BREF, BGN 5.20, +0.97%) and Telematic Interactive (TIB, BGN 22.60, +0.89%) offset the negative impact of Wiser (WISR, BGN 5.15, -2.83%), First Investment Bank (FIB, BGN 5.06, -1.17%) and Chimimport (CHIM, BGN 0.74, -1.33%). Advance Terrafund (ATER, BGN 2.98, -0.67%) stepped back but BGREIT (231.19, +0.06%) closed in the green zone. Overall liquidity re...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 13 July - 18 July 2025
The past week was negative for the major indexes on the Bulgarian Stock Exchange, with SOFIX (1 043.55) recording the largest decline, down 1.0%. Key underperformers from our watchlist that dragged the indexes lower included Neochim (NEOH, BGN 20.00, -7.4%), Stara Planina Hold (SPH, BGN 9.00, -7.2%), and Sopharma (SFA, BGN 2.49, -4.2%). In contrast, BGREIT (231.04) edged up by 0.05%, supported by gains in its heaviest constituents – Advance Terrafund (ATER, BGN 3.00, +0.7%) and Bulgarian Real Es...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 July 2025
The Bulgarian Stock Exchange indexes weakened on Tuesday, with SOFIX slipping by 0.38% to close at 1 053.22. Over two-thirds of the benchmark turnover came from Sopharma (SFA, BGN 2.60, -2.26%) as the stock price suffered increased selling pressure. The top performer within SOFIX was Central Cooperative Bank (CCB, BGN 1.74, +3.57%), while Sopharma (SFA), Bulgarian Stock Exchange (BSE, BGN 9.00, -1.10%) and Telematic Interactive (TIB, BGN 22.40, -0.88%) lost the most. The broader indices also pos...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 16 June - 20 June 2025
The Bulgarian stock market did not manage to find support during the past week and indexes finished the week mainly on the red side, as the benchmark SOFIX (1007.57, +0.1%) was the only one in green. Three index members – Shelly Group (SLYG, EUR 50.20, +5.7%), Wiser (WISR, BGN 5.40, +1.9%) and Sopharma Trading (SFT, BGN 5.80, +0.9%) were on the top of the gainers within our list of selected securities. On the other side, Speedy (SPDY, BGN 190.00, -5.0%) and Alcomet (ALCM, BGN 5.95, -4.8%) lost t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 June 2025
The major indexes finished the week mixed as no conviction was seen from either buyers or sellers. The heavy members Shelly (SLYG, EUR 50.20, -1.18%) weighed on SOFIX (1007.57, -0.22%), and the benchmark index registered a loss despite the equilibrium in the advancer-decliner line, while Neochim (NEOH, BGN 23.00, +8.49%) boosted the broad indexes and BGTR30 (931.71) registered a 0.20% gain. The activity was moderate and the turnover within the SOFIX covered the 3-month average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 June 2025
Poor trading activity marked the first trading day of the week. The major indexes trended lower from the opening bell as the decliners led the advancers in roughly 4-to-3 margin. Telematic Interactive (TIB, BGN 22.60, +4.63%) and Sirma Group (SGH, BGN 1.44, +1.41%) led the gainers in this trading session, while Bulgarian Stock Exchange (BSE, BGN 9.30, -2.11%) and Speedy (SPDY, BGN 190.00, -5.00%) ended on the opposite side. The daily volumes slipped significantly below the 15-day average as the ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 12 May - 16 May 2025
The local stock market gained some steam last week and ended on a positive note, ranging from 0.8% to 3.2%. The benchmark SOFIX added 3.2% to settle at 956.86, strongly supported by the renewed buying interest in high-tech blue chip Shelly Group (SLYG, EUR 42.80, +17.3%). The share became the weekly top gainer within our list of selected companies, followed by the less interesting Industrial Capital Holding (HIKA, BGN 2.56, +4.9%) and Monbat (MONB, BGN 2.60, +4.0%). On the other side, Speedy (SP...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 May 2025
The Bulgarian equity market had another strong showing on Thursday due to carryover upside momentum and recorded new 18-year high. SOFIX (961.55, +2.13%) outperformed all major indexes, while BGREIT (217.32) alone registered loss in this trading session, following Bulgarian Real Estate Fund’s (BREF, BGN 4.40, -0.45%) decline. Shelly (SLYG, EUR 43.50, +11.54%) continued to lead the gainers and the positive bias was supported by Sirma (SGH, BGN 1.21, +4.31%), Smart Organic (SO, BGN 32.40, +3.18%) ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 9 May 2025
The Bulgarian equity market experienced another strong session and all major indexes built on gains for fourth consecutive day in a row on Thursday. The positive news around the tech sector continued to attract more investors and the names registered significant advances again in this trading session – Sirma Group (SGH, BGN 1.22, +4.27%), Shelly (SLYG, EUR 36.20, +2.84%) and Wiser (WISR, 4.76, +2.59%). First Investment Bank (FIB, BGN 4.34, +3.33%) and Smart Organic (SO, BGN 31.00, +1.31%) added ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 April 2025
The investors on the Bulgarian stock exchange remained in the “wait and see” mood and light volume trades defined the positive outcome for the main indexes. SOFIX (888.88) won 0.31%, led by the sharp move of Smart Organic (SO, BGN 30.40, +7.04%) and Bulgarian Stock Exchange (BSE, BGN 7.65, +1.32%). BGREIT (214.31, -0.15%) alone booked a loss as the negative price actions in Advance Terrafund (ATER, BGN 3.06, -1.29%) reflected on the REIT index. Trading activity was poor and the volumes continued...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 14 April - 17 April 2025
The Bulgarian stocks marked a mixed week, as during the four trading days, the local benchmark SOFIX added 0.4% to settle at 885.82. The broader BGBX40 (169.95, +0.5%) and BGTR30 (865.83, -1.8%) ended in opposite directions. In this shortened trading week the turnover barely reached 49% of its YTD average, while block deal with one illiquid name pushed the volumes (+186.9% YTD avg.) to an unusual level. The weekly top performers within our selected companies were Trace Group Hold (T57, BGN 6.0, ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 April 2025
The Bulgarian equity market closed mixed in Tuesday’s trading session with poor trading activity. SOFIX (879.90, +0.05%) and BGREIT (214.30, +0.03%) finished on a tick higher, while BGTR30 (863.02, -0.44%) and BGBX40 (169.20, -0.30%) registered modest losses as the decliners prevailed within the broad indexes, led by Neochim (NEOH, BGN 23.40, -4.10%) and Stara Planina (SPH, BGN 8.10, -4.71%). The volumes slipped further as investors limited their actions, weighing potential impact of the latest ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 15 April 2025
Low trading activity in widened Bid/Ask spreads caused mixed outcomes for the major indexes on Bulgarian equity market on the first day of the week. The surge of Chimimport (CHIM, BGN 0.695, +3.73%) was not enough to place SOFIX (879.45, -0.39%) above the surface as the decliners led by 6-to-1 margin the advancers in this session. The broad indexes took advantage from Bulmetal (BLMT, BGN 8.70, +2.35%), Gradus (GR6, BGN 1.09, +4.81%) and Stara Planina (SPH, BGN 8.50, +6.25%) and outperformed the ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 8 April 2025
The Bulgarian equity market continued its downtrend on the first day of the week, reflecting another high volatility session. The universe of the large cap names, represented by Shelly Group (SLYG, EUR 31.90, -5.90%), Chimimport (CHIM, BGN 0.68, -4,23%) and Wiser Technologies (WISR, BGN 4.48, -4.68%) led the losers within SOFIX (863.49, -1.81%) with above average volume, while Bulmetal (BMTL, BGN 8.35, -7.22%), Speedy (SPDY, BGN 190.00, -7.77%) and Sofia Commerce (SCOM, BGN 6.30, -8.70%) added s...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 April 2025
SOFIX (903.16, -0.04%) closed almost unchanged on Tuesday supported by the heavy member Sopharma (SFA BGN 5.80, +1.05%) and notable positive move of Chimimport (CHIM, BGN 0.75, +3.45%). Doverie United Holding (DUH, BGN 8.00, +0.25%) registered a block trade with 35K, which accounted for 60% of SOFIX daily turnover. Negative impact on the main index came from Smart Organic (SO, BGN 27.60, -1.43%) and Shelly Group (SLYG, EUR 36.90, -1.07%) but both companies stepped back with poor daily volume.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 26 March 2025
The major equity indexes rebounded on Tuesday and totally erased previous session losses on BSE. The positive price actions pushed up SOFIX (906.87) modestly by 0.45%, driven by the gains of Bulgarian Stock Exchange (BSE, BGN 7.85, +2.61%) and First Investment Bank (FIB, BGN 4.16, +4.00%). There was negative bias under the broad indexes surface in names like Neochim (NEOH, BGN 24.00, -4.00%), Monbat (MONB, BGN 2.64, -1.49%) and Gradus (GR6, BGN 1.15, -1.71%), which limited the daily gains for BG...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 18 March 2025
The trading activity improved slightly оn the first day of the week compared to previous session and settled the major indexes mixed but close to current levels. SOFIX (897.72) booked 0.18% gain as the market breadth reflected more buying interest on а narrow range. Losses in M+S Hydraulic (MSH, BGN 9.20, -3.66%) and Monbat (MONB, BGN 2.64, -2.94%) limited the broad indexes performance - BGBX40 (171.86, +0.01%) and BGTR30 (867.40, -0.07%). Sirma Group (SGH, BGN 1.00, +1.52%) and Shelly Group (SL...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 10 March - 14 March 2025
The Bulgarian stock market remained volatile over the past week, as the benchmark SOFIX dropped 0.8% and all other major indexes closed down, ranging from -0.5% to -1.4%. The trading activity was weak, as block deals with some unpopular names boosted the volumes (+105.1% YTD) and the turnover (+51.6% YTD) higher than average numbers. The worst performer in our list of selected securities was Telelink Business Services Group (TBS, BGN 9.65, -12.3%), followed by SOFIX members Agria Group (AGH, BGN...
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