reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 May 2024
The Bulgarian equity market retreated from record highs on Wednesday as investors engaged in a little profit ahead of upcoming shareholders meetings. SOFIX (846.30) touched a new 15-year record high early in the session, but finally settled 0.33% below, reflecting volatile moves in the financial sector during the day, represented by First Investment Bank (FIB, BGN 4.34, -6.87%), Central Cooperative Bank (CCB, BGN 1.69, -2.31%) and Doverie (DUH, BGN 8.90, -2.63%). The volumes decreased significan...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 April 2024
The Bulgarian equity market declined on the first day of the abrupt short week as all major indexes settled in range between negative 0.60% and negative 0.33%. The equites quickly moved lower facing the profit taking retail in First Investment Bank (FIB, BGN 2.90, -5.84%), Sirma Group (SGH, BGN 0.725, -2.68%) and Neochim (NEOH, BGN 18.80, -3.59%). The downside was short-lived as the participants were limited, which reflected in low volumes and only half of the 3-months average turnover.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 April 2024
The Bulgarian equity market started the final session of the week on higher note, building on gains throughout the week. Reloaded buying interest in First Investment bank (FIB, BGN 3.08, +8.45%) and Shelly Group (SLYG, BGN 68.00, +0.59%) provided a boost to the participants, which led SOFIX (818.59, +0.41%) to new 15-years high. The broad indexes BGTR30 (822.07, +0.31%) and BGBX40 (165.97, +0.31%) underperformed the benchmark indexes with significant part of untraded names and expectations for t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 15 April - 19 April 2024
Bulgarian stock indexes ended last week on a negative note, after the tone in global markets seems to have shifted with continuing uncertainty and volatility. The leading local index SOFIX lost 0.5% to close at 805.96, as extended indexes BGBX40 (164.27) and BGTR30 (809.49) declined by -0.5% and -0.8% respectively, repeating benchmark presentation. The weekly top performer within our list of selected companies was the industrial Alcomet (ALCM, BGN 7.0, +7.7%), followed by Speedy (SPDY, BGN 165...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 April 2024
Friday’s session felt similar to other sessions from the previous week with below average volume at BSE as the exception was the registered block trade of Eurohold (EUBG, BGN 1.31, -0.76%) for more than million shares at BGN 1.35. All main indexes finished on negative side as a consequence of lack of conviction from buyers and widened Bid/Ask spreads. Zlaten Lev Holding (HLEV, BGN 3.60, -19.28%), Monbat (MONB, BGN 3.44, -3.37%) and Korado (KBG, BGN 4.28, -2.73%) were the daily laggards, while th...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 8 April - 12 April 2024
It was a positive week for the Bulgarian stock markets, as some particular positions supported indexes, while global stocks moved lower after hotter-than-expected inflation report in US and rising geopolitical concerns. The local benchmark SOFIX (809.86) was the top gainer with 1.4% rise, as other major indexes all closed in green, ranging from 0.6% to 1.0%. Gainers significantly outnumbered the losers in our list of selected securities – 15 to 5, 9 remained unchanged. The top performers were Eu...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 April 2024
SOFIX (810.58, +0.09%), BGBX40 (165.23, +0.08%) and BGTR30 (816.78, +0.05%) closed green on Monday while BGREIT (191.61) remained unchanged despite the notable daily turnover of BGN 2.26m. The daily gainer within SOFIX area, Sopharma (SFA, BGN 6.14, +1.32%), jumped without significant volume while Chimimport (CHIM, BGN 0.68, -2.86%) and Doverie United Holding (DUH, BGN 8.48, -2.30%) suffered from a huge selling pressure.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 11 April 2024
First Investment Bank (FIB, BGN 2.70, +4.65%), Sirma Group (SGH, BGN 0.73, +3.55%) and Bulgarian Real Estate Fund (BREF, BGN 2.58, +2.38%) lifted SOFIX (805.67, +0.54%) above the psychological level of 800 on Wednesday. The only loser within SOFIX area, Central Cooperative Bank (CCB, BGN 1.48, -1.33%), lost altitude without significant daily volume. All other indexes closed positive but BGBX40 jumped the most and closed at 164.72 (+0.56%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 9 April 2024
SOFIX (798.26, -0.10%) crossed 800 but quickly slipped below the psychological level and finished the day negative on Monday. Sirma Group (SGH, BGN 0.705, -3.42%), Shelly (SLYG, BGN 65.60, -2.09%) and Chimimport (CHIM, BGN 0.68, -1.45%) weighed on the main index while First Investment Bank (FIB, BGN 2.64, +5.60%), Doverie United Holding (DUH, BGN 8.88, +1.60%) and M+S Hydraulic (MSH, BGN 10.90, +0.93%) closed green. BGBX40 (163.35, -0.09%) and BGREIT (190.39, -0.08%) also stepped back while BGTR...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 April 2024
Quit opposite moves fixed SOFIX (807.47, +0.49%) positive on the very last trading session of March. M+S Hydraulic (MSH, BGN 11.10, +6.73%), Chimimport (CHIM, BGN 0.702, +2.93%), Bulgarian Stock Exchange (BSE, BGN 15.30, +2.00%) and Central Cooperative Bank (CCB, BGN 1.53, +2.00%) jumped on the ground of moderate daily volume. Insignificant speculative trades weighed on Holding Varna (HVAR, BGN 44.00, -2.22%), Advance Terrafund (ATER, BGN 3.34, -1.18%) and Elana Agrocredit (EAC, BGN 1.08, -0.92%...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 11 March - 15 March 2024
The Bulgarian stock market finished the last week on an upbeat mode, continuing the positive move from the previous one. The local benchmark SOFIX added 1.3% to close at 813.82, as for another week the IoT products maker – Shelly Group (A4L, BGN 69.00, +12.7%) was the top performer out of the index members. A total of 8 out of 29 names in our universe finished on green territory, 13 weighted on the red side, while 8 remained unchanged. Along with Shelly, Industrial Holding Bulgaria (IHB, BGN 1.8...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 18 March 2024
Despite some significant opposite moves of index members SOFIX (813.82, +0.02%) closed slightly positive on Friday. The jumps of M+S Hydraulic (MSH, BGN 11.00, +3.77%), Chimimport (CHIM, BGN 0.702, +1.74%) and Bulgarian Real Estate Fund (BREF, BGN 2.60, +0.78%) offset the negative impact of BSE (BSE, BGN 15.00, -1.96%), Elana Agrocredit (EAC, BGN 1.08, -1.82%) and First Investment Bank (FIB, BGN 2.56, -1.54%). All other indexes finished the day in the green zone with moderate daily turnover.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 4 March - 8 March 2024
The Bulgarian stock market finished the last trading week on a positive note, after continuing investors’ appetite in some particular positions supported indexes. The local benchmark SOFIX (803.00) was the top gainer with 1.2% rise, reflecting the strong performance of index members like Shelly Group (SLYG, BGN 61.20, +4.4%) and Sopharma (SFA, BGN 6.56, +3.1%). 11 out of 29 names in our list of selected companies finished on green territory last week and the same number of companies weighed on t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 7 March 2024
The heavy members Sopharma (SFA, BGN 6.66, +3.10%) and Shelly Group (SLYG, BGN 59.40, +1.37%) lifted SOFIX (800.72, +0.80%) above 800, level we haven’t seen since 2009. M+S Hydraulic (MSH, BGN 11.10, +0.91%) and Elana Agrocredit (EAC, BGN 1.09, +0.93%) also supported the main index while selling pressure lowered Eurohold (EUBG, BGN 1.27, -1.55%), Chimimport (CHIM, BGN 0.702, -2.77%) and Neochim (NEOH, BGN 22.00, -1.79%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 March 2024
Green Thursday raised SOFIX to 788.42 (+0.56%). Heavy Sopharma (SFA, BGN 6.16, +2.67%) and Eurohold (EUBG, BGN 1.30, +0.78%) supported the main index and offset the drop of Chimimport (CHIM, BGN 0.706, -1.94%), Sopharma Trading (SFT, BGN 5.60, -1.75%) and First Investment Bank (FIB, BGN 2.80, -1.41%). After several negative trading sessions, M+S Hydraulic (MSH, BGN 10.80, +4.86%) recovered on Thursday. Daily gainer Monbat (MONB, BGN 3.78, +5.00%) jumped without significant daily volume and big b...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 19 February - 23 February 2024
The Bulgarian stock exchange indexes closed the week flat on Friday with the exception of sector BGREIT, which gained 1.4% to close at 192.11, supported by the strong Friday movement of Bulgarian Real Estate Fund (BREF, BGN 2.64, +2.3%). The performance of the benchmark SOFIX (785.45, 0.00%) reflected the lack of fresh investors’ enthusiasm on the market. A total of 10 out of 29 names in our universe finished on green territory last week, 14 remained on the red side. The weekly top performers wi...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 February 2024
The Bulgarian equity market gained momentum after a deep interest appeared in names like M+S Hydraulic (MSH, BGN 11.10, +1.83%) and Doverie United Holding (DUH, BGN 9.20, 0.00%) and renewed the market enthusiasm for other growth names. SOFIX (784.84) advanced 0.62% supported by First Investment Bank (FIB, BGN 2.84, +3.65%) and Bulgarian Stock Exchange (BSE, BGN 14.50, +3.57%). Some names were left out of the trading or with poor volumes but the overall daily statistics improved compared to previ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 12 February - 16 February 2024
Last week, the Bulgarian stock market was modestly higher, as most of the investors may still be feeling anxious about the markets’ perspectives this year. The leading local index SOFIX added 0.6% to close at 785.36, the broad ones BGBX40 (162.08, +0.1%) and BGTR30 (804.89, +0.3%) performed similar, while the sector specific BGREIT (189.44, -0.2%) remained in red. The weekly top performers within our list of selected companies were Doverie United Holding (DUH, BGN 9.50 +6.3%) and the industrial ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 February 2024
Retreat of most index members lowered SOFIX 780.69 (-0.67%) on Thursday. Block trade with 15K shares of the daily loser Shelly Group (SLYG, BGN 58.80, -3.4%) and selling pressure on Holding Varna (HVAR, BGN 44.00 , -1.35%) and Neochim (NEOH, BGN 20.20, -0.98%) weighted on the main index while Chimimport (CHIM, BGN 0.72, +3.46%) and Doverie United Holding (DUH, BGN 9.58, +1.7%) advanced with insignificant volume. Successful IPO of Boleron (BLR1, BGN 3.32) raised BGN 3.17 for its expansion strateg...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 13 February 2024
The absence of corporate news and the low activity fixed SOFIX (781.76, +0.09%) slightly positive on Monday. Central Cooperative Bank (CCB, BGN 1.62, +1.25%), BSE (BSE, BGN 14.45, +1.05%) and Sopharma Trading (SFT, BGN 5.75, +0.88%) supported the main index while Bulgarian Real Estate Fund (BREF, BGN 2.56, -1.54%) and First Investment Bank (FIB, BGN 2.64, -1.49%) closed in the red zone. Almost 50% of the index members remained flat with very low daily turnover.
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