reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 March 2025
The Bulgarian equity market had a mixed showing on Thursday with low volatility among active names. Positive price action with Chimimport (CHIM, BGN 0.735, +2.08%), placed SOFIX (903.42, +0.20%) and BGTR30 (879.53, +0.10%) slightly above previous day levels, while logged losses of Korado (KBG, BGN 4.20, -2.78%) and M+S Hydraulic (MSH, BGN 9.30, -3.63%) weighed on BGBX40 (172.93) and the broad index declined by 0.02%. The daily volumes continued to be comparable with the 15-days average within th...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 March 2025
The Bulgarian market had a rough showing on Friday though the initial selling pressure in the early hours was replaced by more optimistic price actions at the end on the session. The major indexes settled mixed as Agria Group (AGH, BGN 20.40, -2.86%) and the heavy member Shelly Group (SLYG, EUR 37.50, -0.53%) weighed on the indexes, while M+S Hydraulic (MSH, BGN 9.35, +2.19%) and Smart Organic (SO, BGN 26.20, +2.34%) recovered the losses on the opposite side. SOFIX (904.25, -0.13%) slipped below...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 3 February - 7 February 2025
The Bulgarian stock market continued the modest rise during the past trading week, while global shares performed mixed on worries of a possible global trade war. The local benchmark SOFIX added 0.2% to settle at 894.30 and the broader BGBX40 (172.15, +0.7%) and BGTR30 (861.81, +0.3%) moved similarly. One industrial and one technology blue chips were the top gainers within our list of selected companies – M+S Hydraulic (MSH, BGN 9.45, +5.0%) and Wiser Technologies (WISR, BGN 5.05, +3.90%). Indust...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 5 February 2025
It was a quiet trading session with low trading activity in widened Bid/Ask spreads, which settled the main indexes on positive territory on Tuesday. The positive bias came after small trades with previous session’s top losers Chimimport (CHIM, BGN 0.71, +2.16%) and Sinergon Holding (SNRG, BGN 1.12, +8.74%), while additional power for the broad indexes came from Wiser Technologies (WISR, BGN 4.96, +2.90%) and Telelink Business Services Group (TBS, BGN 9.95, +3.11%). The real estate sector lost w...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 January 2025
There was some increased activity under the surface on a broad range of sectors, though the main indexes settled near previous session’s levels. Sirma Group (SGH, BGN 0.97, +2.11%) led the gainers and together with increased value of the real estate sector, settled SOFIX (891.87, +0.33%) and BGREIT (213.56, +0.11%) with gains. The widened Bid/Ask spreads accelerated the negative effect of the light-volume trades with Smart Organic (SO, BGN 23.40, -4.88%) and Stara Planina (SPH, BGN 8.65, -3.89%)...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Bulgaria Outlook 2025
OUTLOOK 2025 – 6 VALUE STOCKS FOR YOUR PORTFOLIO Bulgaria's economy showed resilience despite the world and domestic challenges. In the first three quarters of 2024, the country posted steady annual GDP growth of 1.9% in Q1, 2.3% in Q2 and 2.6% in Q3 (non-seasonally adjusted data). The main drivers behind the growth were the individual and government consumption, which accelerated their contribution throughout the three quarters. Inflation has been on a downward trend, aligning with global ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 9 December - 13 December 2024
The Bulgarian stock market closed the week lower on Friday, pressured by decreasing investor’s activity and lack of fresh positive sentiment. Leading index SOFIX decreased the most by -0.4% to settle at 843.95, while the extended BGBX40 (166.20) lost -0.3%, BGTR30 (735.72) remained flat. The top gainers within our list of selected companies were Korado Bulgaria (KBG, BGN 4.44, +4.2%) and agricultural Agria Group (AGH, BGN 20.00, +3.4%). SOFIX member Sirma Group Holding (SGH, BGN 0.95, -3.1%) led...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 December 2024
The trading activity was poor on Friday with price actions on narrow base. The major indexes closed with gains in range between 0.22% and 0.28%, while BGREIT (213.07, -0.53%) underperformed as the recent gainer Sopharma Buildings (SFB, BGN 16.00) dropped by 4.76% after low-volume trades. Agria Group (AGH, BGN 20.00, +3.36%) along with Sirma Group (SGH, BGN 0.95, +1.06%) led the positive flow within the SOFIX (843.95, +0.22%), while Eurohold (EUBG, BGN 1.47, +1.38%) and Sopharma (SFA, BGN 5.70, 0...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 December 2024
The major indexes started December with gains while BGREIT (211.60, -0.34%) reflected the negative price actions in the real estate and alone settled with losses. BGBX40 (166.82, +0.44%) reflected the investors’ focus fully with narrower base names included in the daily activity. Bulgarian Stock Exchange (BSE, BGN 8.05, +4.55%), Smart Organic (SO, BGN 21.20, +3.92%) and Telematic Interactive (TIB, BGN 22.20, +6.73%) were among top daily advancers, while Bianor Holding (BNR, BGN 5.15, -5.50%), Pe...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 October 2024
The Bulgarian equity market had a mixed showing on Wednesday, though ultimately the main indexes were up in range from 0.39% to 0.74%. SOFIX (841.39, +0.40%) rebounded from its 200-day MA mainly supported by First Investment Bank (FIB, BGN 3.66, +5.17%) recovery after the announcement of Q3 financial data, which couldn’t reach the previous year results for the same period on the other hand. BGREIT (211.42) was the exception, following the pull back of the real estate sector and settled 0.41% low...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 14 October 2024
The Bulgarian equity market closed the choppy week on a downbeat note, leading the main index SOFIX (855.40, -0.41%) to negative territory. Positive price actions with Speedy (SPDY, BGN 224.00, +3.70%) along with Chimimport (CHIM, BGN 0.74, +4.23%) smoothed the daily performance of the broad indexes BGBX40 (170.21, -0.08%) and BGTR30 (870.60, +0.01%). Sopharma Buildings (SFB, BGN 13.20, -2.94%) and Monbat (MONB, BGN 2.68, -2.90%) were the daily laggards though the turnover was weak and barely re...
- 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 - 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 Bulleting - 2 September 2024
The Bulgarian equity market got off to a good start on Friday but some large cap names met selling pressure and the main indexes closed the week and the month mixed. SOFIX (864.77) declined by 0.09%, led by the losses of Central Cooperative Bank (CCB, BGN 1.70, -2.30%) and Shelly Group (SLYG, BGN 35.10, -1.13%) , while the broad indexes deepened even more as Eleven Capital (11C, BGN 16.80, -3.45%) and Stara Planina (SPH, GN 9.50, -3.06%) weighed additionally. Volumes, on the other hand, were low...
- 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 - 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...
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