reports
- Mihail Dimitrov
- Nadejda Dafinkicheva
Weekly bulletin - 27 May - 30 May 2025
The Bulgarian stock market closed the last week on a positive note with the exception of the sector index BGREIT (219.49, -0.6%). The benchmark SOFIX (999.39) was the top gainer with 1.8% rise, reflecting the impressive performance of the index members Bulgarian Stock Exchange (BSE, BGN 9.55, +11.0%), Doverie United Holding (DUH, BGN 9.0, +5.9 %) and high-tech blue chip Shelly Group (SLYG, EUR 45.70, +5.3%). Monbat (MONB, BGN 2.34, -6.4%) was the top loser on our list of selected securities, as ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 19 May - 23 May 2025
The Bulgarian stocks marked a positive week, while the global markets suffered pullbacks and volatility, as new threats were tapping the brakes on investor optimism. The local benchmark SOFIX added 2.6% to settle at 981.32 and the broader BGBX40 (183.32, +1.7%) and BGTR30 (922.11, +2.6%) moved similar. Three SOFIX members were the top gainers in our list of selected securities – the technology blue chips Sirma Group Holding (SGH, BGN 1.43, +19.2%) and Wiser Technologies (WISR, BGN 5.35, +7.4%) a...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 May 2025
SOFIX (987.54, -0.83%) lost altitude as most index members closed in the red zone on Wednesday. Smart Organic (SO, BGN 31,00, -3.13%), Shelly (SLYG, BGN 45,00, -2.17%) and Bulgarian Stock Exchange (BSE, BGN 9.10, -2.15%) suffered from selling pressure and weighed on the main index. Doverie United Holding (DUH, BGN 8.68, +0.23%) was the only SOFIX member that closed positive but registered insignificant daily turnover. BGREIT (219.07, -0.97%) also stepped bаck, reflecting the drop of Sopharma Bui...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 27 May 2025
Positive sentiment on the local market closed SOFIX at 981.53 (+0.68%) and registered a new 52-week high of 983.86, reached in the early trading session. Telematic Interactive (TIB, BGN 22.00, +1.85%) and Bulgarian Real Estate Fund (BREF, BGN 4.58, +1.78%) led the daily gainers within main index area. The IT sector pulled back the main index as Sirma Group Holding (SGH, BGN 1.43, -2.05%) and Wiser (WISR, BGN 5.35, -0.93%) lost altitude on Friday. Liquidity slightly increased as SOFIX daily turno...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 May 2025
The Bulgarian equity market had another strong showing on Wednesday and continued its upside trend, building on recent gains. The major indexes endured significant positive actions on broad base and advanced in range between 0.31% and 1.21%. The upside bias was supported by large cap names - First Investment Bank (FIB, BGN 5.24, +4.80%), Smart Organic (SO, BGN 33.80, +2.42%), Doverie (DUH, BGN 8.50, +2.66%) as Sirma Group (SGH, BGN 1.43, +13.49%) stepped in front of this list after a significant...
- 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
Weekly bulletin - 22 April - 24 April 2025
The Bulgarian stocks ended the week with no clear direction, while the world equity markets recorded a relief rally, easing some of the growing tension over the past months and moving away from extreme pessimism. The leading local benchmark SOFIX added 0.3% to settle at 888.88, as all other major indexes kept to wider range from -0.2% to 0.8%. The industrial M+S Hydraulic (MSH, BGN 9.6, +4.9%) and the SOFIX member Sirma Group Holding (SGH, BGN 1.09, +3.8%) were on the top of the gainers in our l...
- 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
Morning Bulletin - 23 April 2025
The Bulgarian equity market had a quiet start of the short week with less enthusiasm and poor trading activity. Neochim (NEOH, BGN 24.60, +5.13%), Sirma (SGH, BGN 1.08, +2.86%) and Smart Organic (SO, BGN 28.00, +1.45) were the leading names among gainers, though all major indexes settled on the negative side – SOFIX (880.53%, -0.60%) , BGBX40 (169.12, -0.49%) , BGTR30 (864.88, -0.11%) and BGREIT (214.10, -0.25%), as the negative price actions in First Investment Bank (FIB, BGN 3.80, -6.40%), Syn...
- 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 - 24 March 2024
Positive sentiment raised SOFIX (906.67, +0.57%) on Friday. The financial sector led the gainers and First Investment Bank (FIB, BGN 4.14, +2.99%), Central Cooperative Bank (CCB, BGN 1.64, +1.86%) and Chimimport (CHIM, BGN 0.755, +1.34%) were in investors’ focus. Sirma Group Holding (SGH, BGN 1.12, +1.82%) jumped with moderate daily volume after the announcement that the IT company will restart the buyback procedure. Huge selling pressure lowered Sopharma Trading (SFT, BGN 5.55, -0.89%) as the c...
- 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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