reports
- 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 - 30 October 2024
For a second consecutive trading day SOFIX (838.02, -0.57%) lost altitude under the selling pressure on most heavy members. First Investment Bank (FIB, BGN 3.48, -7.45%), Agria (AGH, BGN 19.20, -2.04%) and Elana Agrocredit (EAC, BGN 1.06, -1.85%) weighed on the main index. Sirma Group Holding (SGH, BGN 1.05, -0.94%) and Shelly (SLYG, EUR 32.90, -0.60%) confirmed their negative trend from the last weeks and huge selling pressure lowered both names on Tuesday.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 21 October - 28 October 2024
The lack of investors’ enthusiasm and the negative trend on the Bulgarian stock market became more visible during the past week and all major indexes finished with losses. The local benchmark SOFIX decreased by 0.8% to settle at 847.18, while the broad ones – BGBX40 (167.02, -1.6%) and BGTR30 (853.24, -1.8%) performed worse. Speedy (SPDY, BGN 224.00, +3.7%) led the list of gainers within our list of selected companies, followed by the SOFIX members Sirma Group Holding (SGH, BGN 1.08, +1.9%) and ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 October 2024
The trading activity on the Bulgarian equity market was poor on Wednesday, though the main indexes settled on positive territory under the support of low-volume traded Bulgarian Real Estate Fund (BREF, BGN 3.94, +2.60%) and Sirma Group (SGH, BGN 1.08, +2.86%). BGTR30 (860.25, -0.24%) alone settled with losses under the weight of Chimimport (CHIM, BGN 0.68, -5.56%) and Texim Bank (TXIM, BGN 3.24, -10.00%) as the bid order books weakened compared to previous sessions. The daily turnover closed to ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly Bulletin - 7 October - 11 October 2024
The Bulgarian stock market continued its movement from the previous weeks with no clear direction, mixed trades and poor turnover. The local benchmark SOFIX added 0.1%, closing at 855.40, while BGBX40 (170.21, +1.2%) and BGREIT (208.71, +1.1%) showed some positive mood. Advancing stocks outnumbered falling ones in our list of selected securities and 3 ended unchanged. Our top performer was Speedy (SPDY, BGN 224.00, +16.1%), followed by the industrial Stara Planina Hold (SPH, BGN 10.20, +7.4%) an...
- 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
Morning Bulletin - 10 October 2024
There was not a lot of conviction on either side of the tape on Wednesday. The market breath was negative, but modest so, and the volumes were below-average. BGBX40 (169.80) closed with 0.14% loss, while SOFIX (861.74, -0.16%) underperformed led by the bank sector, represented by Central Cooperative Bank (CCB, BGN 1.62, -2.41%) and First Investment Bank (FIB, BGN 4.08, -1.92%). The trading activity was on broader than previous session base but remained below 3-months average.
- 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 Bulletin - 22 August 2024
Summer vacations, poor liquidity, and the absence of corporate news made room for speculative moves. Huge opposite moves set SOFIX at 871.43 (+0.31%) despite the drop of Agria (AGH, BGN 19.50, -4.41%) and Bulgarian Real Estate Fund (BREF, BGN 3.06, -1.29%). Central Cooperative Bank (CCB, BGN 1.83, +8.28%), Chimimport (CHIM, BGN 0.78, +4.00%) and Bulgarian Stock Exchange (BSE, BGN 7.90, +3.95%) moved North without any corporate news or other relevant information. BGBX40 170.91 (+0.12%) and BGTR30...
- 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 - 6 August 2024
The negative sentiment on world equity markets made a crucial impact on Bulgarian stock exchange on Monday. SOFIX (830.90) lost 4.11% reflecting the plunge of almost all index members. Shelly (SLYG, EUR 33.40, -10.22%) dropped the most, followed by Chimimport (CHIM, BGN 0.70, -7.89%), Sirma Group Holding (SGH, BGN 1.04, -6.31%) and Agria (AGH, BGN 19.60, -6.22%). Selling pressure spread among all other indexes and BGBX40 (164.83) lost 3.06% while BGTR30 closed at 842.37 (-2.31%).
- 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 - 1 July - 5 July 2024
The first week of the second half of the year expectedly was under the summer flag with poor trading activity, which settled the main indexes with small changes on both side of the surface. SOFIX (852.60) built on 0.6% gain and registered 11.4% advance from the beginning of the year, driven mostly by the uplift of Sirma Group Holding (SGH, BGN 1.11, +11.0%), Agria Group Holding (AGH, BGN 20.50, +2.5%) and Eurohold Bulgaria (EUBG, BGN 1.54, +2.7%). The turnover remained the same compared to the a...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 July 2024
The trading activity was weak on the first day of the second half of the year, reflecting on mixed performance for the main indexes. SOFIX (849.68) outperformed by 0.24% supported by the gain of Bulgarian Stock Exchange (BSE, BGN 7.80) by 5.38% after the capital increase procedure with internal funds finished and advance of Sirma Group (SGH, BGN 1.04, +4.00%), which continued its midterm uptrend. The volumes, on the other hand, remained low and the turnover barely reached 16% from the 3-months a...
- 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 (...
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