reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 September 2024
The Bulgarian equity market closed the first day of the week on a downbeat note with above the 3-months average turnover. The previous days movers Central Cooperative Bank (CCB, BGN 1.64, -3.53%), Bulgarian Stock Exchange (BSE, BGN 7.85, -2.48%) and M+S Hydraulic (MSH, BGN 9.25, -2.63%) continued to impact the major indexes due to tiny Bid/Аsk order book and increased volatility. All major indexes settled on negative territory in range between 0.71% and 0.06% while large-cap names like Sopharma ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 9 September - 13 September 2024
The lack of investors’ enthusiasm and the negative trend on Bulgarian stock market continued during the past week, as all major indexes finished with moderate losses. The local benchmark SOFIX decreased by 0.3% to settle at 865.95 and the broad ones – BGBX40 (169.31, -0.3%) and BGTR30 (866.70, -0.3%) performed similarly. The top gainer within our list of selected companies and a SOFIX member – Bulgarian Real Estate Fund (BREF, BGN 3.34, +7.7%) supported the sector index BGREIT ( 202.74, +1.2%). ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 12 September 2024
The Bulgarian equity market had a mixed performance on Wednesday as a last minute push on narrow range of names settled the indexes on positive territory. Bulgarian Real Estate Fund (BREF, BGN 3.32, +5.06%) and Shelly Group (SLYG, BGN 35.40, +1.14%) were the daily movers after the released news and supported SOFIX (867.44, +0.27) to continued its long term move above 50-day average. The trading activity outside the benchmark indexes remained low and left the daily turnover below the 3-months ave...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 7 August 2024
The Bulgarian equity market staged a recovery and the major indexes settled near daily highs, but still, the logged gains ranging from 0.95% to 2.22% were relatively low compared to the declines registered on Monday. SOFIX (849.37) slumped 36 points lower and won back 18 points, while BGBX40 (167.24) recovered only one third of the losses as less liquid names as Zarneni Hrani (ZHBG, BGN 0.112, -18.25%) and Petrol (PET, BGN 0.85, -14.14%) weighted additionally on the broad index. The tech sector,...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 July 2024
The Bulgarian equity market had a mixed showing on Tuesday in the middle of the earning news season but the declines prevailed at the end and all major indexes settled on negative territory. First Investment Bank (FIB, BGN 4.76, -2.06%) and Sirma Group (SGH, BGN 1.11, -2.63%) led the movers within SOFIX (863.24, -0.12%), while Bianor (BNR, BGN 6.15, -2.38%) weighed additionally on the broad indexes – BGBX40 (169.77, -0.16%) and BGTR30 (861.14, -0.30%). Half of the benchmark constituents booked t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 March 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 - 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 - 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
Morning Bulletin - 1 February 2024
Opposite moves of index members fixed SOFIX at 786.68 (-0.13%). The jumps of Neochim (NEOH, BGN 23.60, +6.79%), Doverie (DUH, BGN 8.94, +2.05%) and BSE (BSE, BGN 14.15, +1.07%) partly offset the drops of First Investment Bank (FIB, BGN 3.12, -5.45%), Chimimport (CHIM, BGN 0.734, -3.42%) and M+S Hydraulic (MSH, BGN 10.80, -0.92%). Consolidation around current market levels continued and all other local indexes finished the day almost unchanged.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 October 2023
The major indexes closed near their best levels of the day with gains ranging from 0.06% to 0.15% on Monday. SOFIX (747.86) ended on a higher note, continuing its five day uptrend in a row by adding 0.11%. The positive bias came from Bulgarian Stock Exchange (BSE, BGN 11.25, +2.74%) and Trace Group (T57, BGN 3.00, +6.77%) jumps, while other movers of the day - Alcomet (ALCM, BGN 7.55) and Monbat (MONB, BGN 4.14) lost 3.21% and 2.36%, respectively. A new block trade with Rodna Zemya (HRZ, BGN 2.9...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 2 October - 6 October 2023
The Bulgarian stock market closed the week lower on Friday, pressured by the lack of new investor’s appetite and continuing global uncertainty. The leading local index SOFIX recorded modest decline and lost 0.3% to settle at 753.13, as the broad ones BGBX40 (158.17, -0.2%) and BGTR30 (787.31, -0.1%) showed similar performance. The best performers of the week within our list of selected companies were Bulgarian Stock Exchange (BSE, BGN 10.20, +6.7%), Sopharma Trading (SFT, BGN 6.40, +4.9%) and Tr...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 October 2023
An early bounce attempt to recover the previous day decline on Bulgarian equity market failed as aggressive sellers on broad base prevailed on Tuesday. Despite the positive effect from names such as Bulgarian Stock Exchange (BSE, BGN 9.80, +2.30%), First Investment Bank (FIB, BGN 2.46, +2.50%) and M+S Hydraulic (MSH, BGN 11.20, +5.66%), SOFIX (747.79) slipped 0.13% mainly due to top loser of the day – Shelly Group (SLYG, BGN 40.90), which lost 4.88% after the released announcement that Dimitar D...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 13 September 2023
Tuesday’s session was mostly on negative territory despite a mixed performance at the index level. SOFIX (755.65, +0.08%) was trading slightly up driven by the positive breath of Sopharma (SFA, BGN 6.30, +0.64%). The broad index BGTR30 (786.36, -0.07%) underperformed as the weakness came from the outgoing from the benchmark index Monbat (MONB, BGN 4.48, -2.61%) and Sopharma Properties (SFI, BGN 9.10, -3.19%). The volumes kept the same level from the last two sessions, which is below the 15-days ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 August 2023
The 1st of August brought negative sentiment on the stock exchange. SOFIX (688.34, +0.17%) barely survived on the positive side after the bloody Tuesday. The heavy Eurohold (EUBG, BGN 1.73, +4.85%) supported the main index. The negative impact came from Monbat (MONB, BGN 4.50, -3.02%), First Investment Bank (FIB, BGN 2.30, -1.71%), Gradus (GR6, BGN 1.52, -1.30%), Bulgarian Stock Exchange (BSE, BGN 9.10, -1.09%), Bulgarian Real Estate Fund (BREF, BGN 2.16, -0.92%) and Shelly Group (SLYG, BGN 30.2...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly Bulletin - 24 July - 28 July 2023
The main index SOFIX 679.54 (-0.5%) slightly retreated last week, while the broader BGBX40 and BGTR30 remained almost unchanged. H1’23 financial result triggered investors’ activity and the weekly turnover (BGN 12.1m) increased by almost 50% compared to the average one YtD. Positive sentiment raised the value of Sirma Group Holding (SGH, BGN 0.69, +6.2%) and Bulgarian Real Estate Fund (BREF, BGN 2.18, +4.8%) thus placing the companies to the top of weekly gainers within our universe. The laggard...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 July 2023
The Bulgarian equity market started the session on a weak mode and finished with small positive changes of the main indexes despite the newly released financial data for Q2. Chimimport (CHIM, BGN 0.73, +1.11%) and Sopharma (SFA, BGN 5.40, +0.75%) became daily leaders, while Neochim (NEOH, BGN 30.50, -2.56%) ended as a top daily loser. Expectedly for the season the volumes remained low as the activity on BSE remained in retail hands.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 May 2023
The short term uptrend on BSE continued for third consecutive day in a row, following the decidedly positive start of the session, which covered wide range of names. Allterco (A4L, BGN 22.60, +2.73%) and Central Cooperative Bank (CCB, BGN 1.44, +2.13%) led the gainers within the SOFIX (611.81, +0.37%), while manufacturer of electric wires Emka (EMKA, BGN 4.04, +5.21%) and the Eleven Capital (11C, BGN 19.70, +4.79%) supported the broad indexes. The daily volumes on the other hand remained low as ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 May 2023
The Bulgarian stock market finished the last trading day of the month on a positive note, balancing after the mixed financial data for Q1. The Friday’s actions pushed SOFIX (607.01, +0.52%) up and erased the previous day losses, but it was unable to maintain a posture by the close of the session and the benchmark index ended only above its 200-MA. The daily movers were Gradus (GR6, BGN 1.50, +3.45%), First Investment Bank (FIB, BGN 2.10, +3.96%) and Doverie (DUH, BGN 7.62, +2.70%) within the mai...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 3 April - 7 April 2023
The Bulgarian equity market ticked higher last week, with all major indexes registering gains in a range between 0.5% and 0.9%. SOFIX (610.43) continued to move in a narrow range within its major MA and added 0.9% on a weekly basis, extending its year-to-date raise to 1.50%. The advance-decline line favoured advancers by 13-to-11 margin on our watchlist despite the lowered Bulgaria’s GDP growth forecast to 1.5% in 2023 by the World Bank. The weekly volumes slightly improved compared to average w...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 05 April 2023
Initially, the main indexes all moved lower following the sell-offs of Chimimport (CHIM, BGN 0.722, -2.43%) and Doverie United Holding (DUH, BGN 7.64, -3.05%) but few small trades with Central Cooperative Bank (CCB, BGN 1.50, +3.45%) and Neochim (NEOH, BGN 39.00, +2.09%) improved the final outcome on Tuesday. SOFIX (611.31, +0.06%) finished on a note higher and managed to keep its midterm uptrend for fifth consecutive day in a row. The volumes, on the other hand, slipped and returned close their...
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