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
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
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 - 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 - 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 - 29 January 2024
The market saw a mixed action on the final day of the week on large-cap base, but the heavy member Shelly Group (SLYG, BGN 57.60, +4.35%) impacted all major indexes and they finished with positive bias. SOFIX (787.72) advanced the most by 0.72% as the rest of the members changed little on slightly below 15 days average volume. Less traded names like Rodna Zemya (HRZ, BGN 3.02, 0.00%) and Velgraf Asset Management (VAM, BGN 4.64, 0.00%) continued to contribute to daily turnover statistic with bloc...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 15 January - 19 January 2024
The Bulgarian equity market advanced last week as the latest two active sessions defined the positive outcome for all major indexes. SOFIX (782.93) touched a new 15-year high driven by the positive expectation for the upcoming financial data, especially for names like, First Investment Bank (FIB, BGN 3.30, +7.8%), Chimimport (CHIM, BGN 0.73, +10.5%) and Doverie (DUH, BGN 8.90, +4.7%). The advancers-decliners line favored advancers by 19 to 7 margin in our watchlist, placing Neochim (NEOH, BGN 28...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 January 2024
The Bulgarian stock market opened the week on a negative note as the major indexes closed with losses. The benchmark SOFIX was down 0.59% to settle at 772.96, mainly due to drops in Shelly Group (SLYG, BGN 52.60, -1.50%), Central Cooperative Bank (CCB, BGN 1.48, -3.27%) and M+S Hydraulic (MSH, BGN 11.10, -4.31%). The broader BGBX40 (159.36, -0.34%) and BGTR30 (804.78, -0.14%) performed as the benchmark, while BGREIT (191.83, +0.00%) remained flat for a second trading day in a row.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 11 December - 15 December 2023
Negative sentiment spread over last week and all local indexes finished the week negative. The weekly turnover (BGN 60m) increased more than 4 times compared to the average one YTD but most of it was concentrated in few names. Despite the absence of corporate news Bulgarian Stock Exchange (BSE, BGN 11.85, +6.8%) and First Investment Bank (FIB, BGN 2.98, +5.7%) lead weekly gainers on the ground of moderate weekly turnover while the weekly loser Stara Planina Hold (SPH, BGN 9.70, -5.8%) dropped wi...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 18 December 2023
Opposite moves of blue chips fixed SOFIX 745.32 (-0.39%) negative on Friday. The drops of Sopharma (SFA, BGN 5.80, -2.36%), Advance Terrafund (ATER, BGN 3.25, -1.52%) and First Investment Bank (FIB, BGN 2.98, -1.32%) fully offset the jump of Eurohold (EUBG, BGN 1.49, +2.76%). All other local indexes lost altitude but BGBX40 slipped the most to 154.41 (-0.71%) reflecting negative moves of Stara Planina Hold (SPH, BGN 9.70, -5.83%), Gradus (GR6, BGN 1.40, -2.10%) and Trace (T57, BGN 3.82, -2.55%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 13 November - 17 November 2023
The Bulgarian stock market finished the last trading week on a positive note, balancing after continuing investors’ appetite in some particular positions supported indexes. The local benchmark SOFIX (748.78) was the top gainer with 0.9% rise, reflecting the strong performance of index members Shelly Group (SLYG, BGN 41.90, +2.7%), Bulgarian Real Estate Fund (BREF, BGN 2.34, +2.6%) and Eurohold Bulgaria (EUBG, BGN 1.67, +4.4%). A total of 10 out of 29 names in our universe finished on green terri...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 November 2023
The trading activity was weak on Wednesday with some significant volatility caused by low volume trades outside the benchmark index, like Holding Sofia (HSOF, BGN 3.64, -8.08%) and Alcomet (ALCM, BGN 7.50, -2.60%). SOFIX (748.71) finished on a higher note mainly reflecting the resilience of Sopharma (SFA, BGN 7.20, +1.12%) and Bulgarian Real Estate Fund (BREF, BGN 2.34, +1.74%). The increased number of untraded names allowed retail to dictate the daily outcome for the broad indexes.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 October 2023
The major indexes closed mixed on Friday as the results came from large cap names. SOFIX (747.05, +0.22%) closed near the session's high at the 50-day MA as First Investment Bank (FIB, BGN 2.60, +4.00%), Bulgarian Real Estate Fund (BREF, BGN 2.28, +3.64%) and Sopharma (SFA, BGN 7.18, +2.28%) gave strength to the benchmark index. The daily volumes slipped compared to weekly statistics and remained below the 15-day average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 16 October - 20 October 2023
This past week, the local stock market remained under pressure in a turbulent global conditions. At the close in Sofia the benchmark SOFIX lost 1.1% WoW to close at 741.92 as the broad BGBX40 (156.93) performed similar and dropped 0.7%, while the sector index BGREIT 188.77(+0.7%) managed to finish on green. The weekly top performer within our list of selected companies were Bulgarian Stock Exchange (BSE, BGN 10.55, +7.0%), Advance Terrafund (ATER, BGN 3.29, +5.4%) and Telematic Interactive (TIB,...
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