reports
- 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
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 - 22 April 2025
The Bulgarian equity market slipped right out of the gate on Easter Holidays and the main indexes booked some losses. Decliners like Chimimport (CHIM, BGN 0.685, -2.84%) and Sirma Group (SGH, BGN 1.05, -2.78%) prevailed the advancers by 2-to-1 margin and ranked the main indexes as follows SOFIX (885.82, -0.15%), BGBX40 (169.95, -0.19%) and BGTR30 (865.83, -0.28%). First Investment Bank (FIB, BGN 4.06, +3.05%) and Smart Organic (SO, BGN 27.60, +1.47%) finished on the opposite side but the trading...
- 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 - 21 March 2025
Huge opposite moves of index members fixed SOFIX almost unchanged at 901.53 (-0.07%) on Thursday. Agria Group Holding (AGH, BGN 21.10, -4.09%), Bulgarian Stock Exchange (BSE, BGN 7.75, -0.64%) and Central Cooperative Bank (CCB, BGN 1.61, -0.62%) slipped without significant daily volume while Elana Agrocredit (EAC, BGN 1.06, -0.93%) suffered from big selling pressure and closed negative. Sirma Group Holding (SGH, BGN 1.10, +2.80%) and Chimimport (CHIM, BGN 0.745, +1.36%) and Bulgarian Real Estate...
- 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...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 13 March 2025
SOFIX (896.88, +0.09%) and BGBX40 (171.79, +0.01%) closed on a note higher on Wednesday, though the daily impact could be stronger without the selling pressure on Central Cooperative Bank (CCB, BGN 1.60, -2.44%) and Chimimport (CHIM, BGN 0.715, -2.05%), which placed the bank on the top loser list for second day in a row in the large cap space. The positive bias came from buy-the-dip interest in First Investment Bank (FIB, BGN 3.98, +3.11%), Shelly Group (SLYG, EUR 36.20, +1.97) and Agria Group (...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 17 February - 21 February 2025
The Bulgarian stock market ended the week mixed, as the main indexes followed the global mood and recorded a strongly negative Friday trading session. The local benchmark SOFIX lost 0.5% to settle at 892.61, while the broad ones BGBX40 (171.40, -0.3%) and BGTR30 (862.12, +0.2%) closed in opposite directions. The industrial M+S Hydraulic (MSH, BGN 9.40, +4.4%) was the top gainer within our list, followed by SOFIX members Chimimport (CHIM, BGN 0.72, +2.9%) and Shelly Group (SLYG, EUR 37.20, +2.5%)...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 February 2025
The selling pressure prevailed the buyers and SOFIX (892.61, -1.11%) closed negative on Friday, mainly on the drops of heavy members Eurohold (EUBG, BGN 1.82, -4.21%), Shelly Group (SLYG, EUR 37.20, -1.59%) and Sopharma (SFA, BGN 5.72, -1.38%). Speculative trades with Chimimport (CHIM, BGN 0.72, +2.86%) placed the holding among daily gainers but volumes remained poor. BGBX40 (171.40, -0.79%) also retreated reflecting the south moves of Stara Planina Hold (SPH, BGN 8.30, -2.35%) and Telelink Busi...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 19 February 2025
Opposite moves of index members fixed SOFIX (896.98, -0.05%) almost unchanged. The buying appetite of Sopharma (SFA, BGN 5.86, +2.09%) raised the company but this move was fully erased by the negative impact of Chimimport (CHIM, BGN 0.695, -2.80%), Advance Terrafund (ATER, BGN 3.15, -2.78%) and First Investment Bank (FIB, BGN 3.86, -2.53%). The overall liquidity remained low and speculative trades prevailed the trading session. All local indexes lost altitude but BGREIT (215.88, -0.75%) dropped ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 January 2025
The Bulgarian equity market had some mixed showing on Wednesday, though the trading activity was concentrated more on current market levels, while the light volume trades dictated the direction. The bank sector, represented by First Investment Bank (FIB, BGN 4.30, +4.37%), Central Cooperative Bank (CCB, BGN 1.69, +3.68%) and Bulgarian American Credit Bank (BACB, BGN 12.50, +8.70%) gave the positive bias, while Elana Agrocredit (EAC, BGN 1.07, -2.73%) and M+S Hydraulic (MSH, BGN 9.10, -7.91%) led...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 January 2025
It looks like DeepSeek news caused ebb to the trading activity on Bulgarian market and left light volumes trades to define the positive outcome for the main indexes in Tuesday’s session. SOFIX (889.45) advanced 0.18% as the upside actions were led by Elana Agrocredit (EAC, BGN 1.10, +2.80%) and Agria Group (AGH, BGN 19.50, +1.30%). Smart Organic (SO, BGN 22.80, +1.79%) and EMKA (EMKA, BGN 2.08, +2.97%) added some power to BGBX40 (171.56, +0.07%) and BGTR30 (857.71, +0.03%), which absorbed the ne...
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