reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 13 May - 17 May 2024
The enthusiasm on the Bulgarian market continued during the past week, as all major indexes advanced and investors kept the positive sentiment in some particular positions. The local benchmark SOFIX added 2.1% to settle at 855.96 – new 15-years record high, reflecting good performance of some of the index members like members First Investment Bank (FIB, BGN 4.36, +12.4%) and Agria Group Holding (AGH, BGN 23.00, +12.7%). Other major indexes also finished on the positive side, on the ground of mod...
- 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 - 25 April 2024
The Bulgarian equity market finished strong on Wednesday concentrated in a narrow range of names, leaving the major indexes close to their 15-years highs. SOFIX (816.99) advanced by 1.48%, while the broad indexes BGTR30 (820.87) and BGBX40 (165.76) added 0.60% and 0.92%, respectively. First Investment Bank (BSE, BGN 2.90, +4.32%), M+S Hydraulic (MSH, BGN 12.10, +6.14%) and Eurohold (EUBG, BGN 1.35, +3.05%) settled higher while other 5 out 15 names remained untraded. The volumes, on the other han...
- 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 - 3 April 2024
SOFIX (807.70, +0.03%) barely survived on positive territory as First Investment Bank (FIB, BGN 2.56, +4.92%), Holding Varna (HVAR, BGN 45.00, +2.27%) and Advance Terrafund (ATER, BGN 3.40, +1.80%) fully offset тхе drops of M+S Hydraulic (MSH, BGN 10.40, -6.31%), Sirma Group (SGH, BGN 0.73, -2.67%) and Bulgarian Real Estate Fund (BREF, BGN 2.52, -2.33%). Institutional investors stayед away from trading and daily turnover decreased to 40% of the average one YTD.
- 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 - 26 February - 1 March 2024
The trading activity was poor last week on BSE and the broad indexes settled almost unchanged – BGBX40 (162.87, +0.4%) and BGTR30 (809.22, 0.0%). SOFIX (793.16) took some advantage from the weekly gainers Bulgarian Stock Exchange (BSE, BGN 15.60, +9.10%) and Sopharma (SFA, BGN 6.36, 5.30%) and outperformed by 1.0%. The advance-decline line favored decliners by a 13 to 11 margin in our watchlist, while the weekly volumes declines by 32% compared to the YtD average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 5 March 2024
All indexes closed positive before the holidays. SOFIX (793.16, +0.60%) moved North on the wings of Neochim (NEOH, BGN 22.00, +4.27%), Sopharma (SFA, BGN 6.36, +3.25%), Sopharma Trading (SFT, BGN 5.80, +3.57%) and First Investment Bank (FIB, BGN 2.86, +2.14%). Shelly (SLYG, BGN 58.60, -1.01%) and Elana Agrocredit (EAC, BGN 1.07, -0.93%) weighed on the main index but positive sentiment prevailed the sellers on Friday.
- 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 - 20 February 2024
All major indexes on Bulgarian stock exchange finished in negative territory reflecting minor volume trades in widened Bid/Ask spreads. SOFIX (781.73) slipped 0.46% and ultimately finished on the level from the beginning of the month as the decliners led by 4-to-1 margin. A single trade with less traded name Galata Investment (GTH, BGN 2.50, 0.00%) impacted daily turnover the most, which otherwise remained weak and far below the 15-day average.
- 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
Weekly bulletin - 05 February - 09 February 2024
The Bulgarian stock market ended the week mixed on Friday, as the local benchmark SOFIX added 0.1% to settle at 781.02, while the broad ones BGBX40 (161.99, +0.5%) and BGTR30 (802.18, -0.5%) ended in opposite directions. The weekly top performer within our list of selected companies was First Investment Bank (FIB, BGN 2.68, +11.7%), followed by Telematic Interactive (TIB, BGN 15.20, +10.1%) and Stara Planina Hold (SPH, BGN 10.80,+5.9%). On the red side the list started with Alcomet (ALCM, BGN 6...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 9 February 2024
BSE indexes closed almost flat on Thursday with the exception of BGREIT (189.13), which lost 0.54% thanks to drop in Bulgarian Real Estate Fund (BREF, BGN 2.56, -1.54%). The benchmark SOFIX (781.32) lost 0.07% in a weak trade and lack of investors’ appetite. The daily gainer within the index was Neochim (NEOH, BGN 23.30, +6.88%), while First Investment Bank (FIB, BGN 2.76, -3.50%) lost the most.
- 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...
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