reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 16 September - 20 September 2024
The Bulgarian stock market continued the downtrend from the previous weeks with mixed actions and poor turnover. The local benchmark SOFIX lost 1.0% to close at 857.19, as other main indexes – BGBX40 (168.32, -0.6%) and BGREIT (204.38, +0.8%) showed opposite performance. Trace Group Hold (T57, BGN 6.50, +14.0 %) was the top gainer within our list of selected companies, followed by Sopharma Trading (SFT, BGN 5.95, +2.6%) and Bulgarian Real Estate Fund (BREF, BGN 3.36, +0.6%). Declining stocks out...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 September 2024
The Bulgarian equity market showed some increased trading activity on broader base and the major indexes extended further their gains on Friday as BGREIT (204.38, -0.16%) alone settled on negative territory. First Investment Bank (FIB, BGN 4.78, +6.22%) was once again the story name in the space as the retail easily moved the price in both directions in the weakening order book. The block trades with M+S Hydraulic (MSH, BGN 9.25, -2.12%) impacted the daily turnover statistics, while the daily vo...
- 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
Weekly bulletin - 19 August - 23 August 2024
The Bulgarian stock market indexes closed the week flat on Friday, as the sector-focused BGREIT (199.94, +1.2%) was the only one with more solid gain, supported by the strong movement of Bulgarian Real Estate Fund (BREF, BGN 3.10, +6.9%). The benchmark SOFIX added 0.3% to settle at 869.29, reflecting the lack of fresh’ enthusiasm on the market. Nevertheless, the top gainers within our list of selected companies started with SOFIX members Chimimport (CHIM, BGN 0.75, +9.6%) and Bulgarian Stock Exc...
- 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
Weekly bulletin - 22 July - 26 July 2024
The Bulgarian stock market ended the week mixed, lacking investor interest in the middle of the summer and trying to digest the outgoing corporate earnings data for the first half of the year. The benchmark SOFIX retreated 0.3% to settle at 862.25, while the broader ones - BGBX40 (169.60, -0.1%), BGTR30 (863.45, +0.6%) performed in opposite directions. The weekly volume (-66.8%) showed weak performance while the turnover (+46.6%) was pushed up by intense trade with bonds and generally illiquid n...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 July 2024
Speculative trades dominated the trading session on Wednesday. SOFIX (862.82) added 0.22% on the wings of First Investment Bank (FIB, BGN 4.70, +4.44%), Shelly Group (SLYG, BGN 37.70, +1.89%) and Bulgarian Stock Exchange (BSE, BGN 7.70, +1.99%). Chimimport (CHIM, BGN 0.725, -2.03%), Sopharma (SFA, BGN 5.80, -1.69%) and Eurohold (EUBG, BGN 1.50, -0.66) pulled back the main index on the ground of poor daily volume.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 15 July - 19 July 2024
The Bulgarian stock market managed to end the week slightly higher on Friday, despite the slump of the world markets and the peaking summer season. The benchmark SOFIX remained almost flat, adding 0.1% to settle at 864.55, while the broad ones BGBX40 (169.84, +0.4%) and BGTR30 (858.34, +0.4%) advanced more. Telematic Interactive Bulgaria (TIB, BGN 16.00, +7.4%) and Speedy (SPDY, BGN 187.00, +6.9%) led the list of gainers within our list of selected companies, followed by the SOFIX member M+S Hyd...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 July 2024
The unsuccessful technical update that had a flaw in it and wreaked havoc around the globe gave little impact on the Bulgarian equity market what was otherwise underwhelming day, and all major indexes booked moderate losses. SOFIX (864.55) declined 0.56%, reflecting Shelly Group’s (SLYG, EUR 37.30, -2.86%) and Chimimport’s (CHIM, BGN 0.70, -3.45%) losses and totally erased the previous day's gains. The volumes slipped to a technical minimum, which reflected the record high temperature in Bulgari...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 17 June - 21 June 2024
The Bulgarian stock market edged lower last week, as investors remained cautious and approaching summer season lowered the investors’ activity. The leading local index SOFIX lost 0.5% to close at 848.99, as the broad ones – BGBX40 (169.28, -0.7%), BGTR30 (850.96, -0.4%) performed as the benchmark. Declining stocks outnumbered the rising ones in our list of selected companies by 15 to 7, 7 ended unchanged. The weekly top three gainers within the list were all SOFIX members – Sirma Group Holding (...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 June 2024
The market exhibited mixed action on Friday as the participants took profit from outperformed names and switched into names with positive news. SOFIX (848.99, -0.35%) reflected a slight negative slip following the continuing downtrend of Shelly Group (SLYG, BGN 69.00, -0.86%) combined with the deepen losses of M+S Hydraulic (MSH, BGN 10.00, -2.91%) and Central Cooperative Bank (CCB, BGN 1.60, -3.03%). The lack of conviction on both sides in this session left the volumes below the 15-days average...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 June 2024
It was a quiet Wednesday session with mixed actions and poor volumes on narrow base. All major indexes settled on the positive side as the solid jump of top-weighted Sopharma (SFA, BGN 6.04, +3.07%) and Shelly Group (SLYG, BGN 69.00, +0.88%) provided the positive bias despite that the decliners advancers line was in equilibrium. A block trade with Central Cooperative Bank (CCB, BGN 1.65) was registered without change in the price and impacted the daily turnover statistic, which otherwise reached...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 20 May - 23 May 2024
The Bulgarian stock market kept its positive momentum from the recent weeks and managed to end the last one on the green side as investors remained active in some particular positions like Shelly Group (SLYG, BGN 74.80, +3.8%). At the close in Sofia the benchmark SOFIX added 1.2% to settle at 866.45, while the broad ones BGBX40 (172.29, 0.7%) and BGTR30 (859.84, +0.2%) showed more modest increase. The advancers outnumbered the decliners in our list of selected companies by 11-to-10 as the top pe...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 May 2024
The Bulgarian equity market finished strong on Tuesday, leaving the major indexes at fresh 15-years high. SOFIX (871.29) saw a 0.96% gain, continuing its recent performance, while BGTR30 (867.48) and BGBX40 (172.93) surged by 0.82% and 0.59%, respectively. The financial sector finished as a leader once again as evidenced by the positive bias in market breath, mainly reflecting the reaction of the retail on the released news of First Investment Bank (FIB, BGN 4.84, +9.01%) before the session from...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 22 April - 26 April 2024
All major indexes advanced modestly last week with the exception of BGREIT (190.47, -0.5%), as investors remained focused on the continuing release of the Q1 financial reports. The local benchmark SOFIX added 1.6% to close at 818.59, reflecting the excellent performance of index members like First Investment Bank (FIB, BGN 3.08, +20.3%) and M+S Hydraulic (MSH, BGN 11.90, +10.2%). A total of 12 out of 29 names in our universe finished on green territory, 10 weighted on the red side, 7 remained un...
- 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
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%...
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