reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 March 2026
Enormous opposite moves of index members lowered SOFIX to 1 213.31 (-0.21%) on Monday. The selling pressure weighed on Central Cooperative Bank (CCB, EUR 1.71, -2.29%) and Shelly (SLYG, EUR 49.80, -1.58%) while Wiser (WISR, EUR 2.10, -4.55%), Chimimport (CHIM, EUR 0.438, -2.23%) and Sopharma (SFA, EUR 1.75, -1.41%) lost altitude without significant daily volume. Sirma Group Holding (SGH, EUR 0.96, +6.67%), Doverie United Holding (DUH, EUR 5.90, +1.72%) and First Investment Bank (FIB, EUR 3.14, +...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 March 2026
Selling pressure among the market fixed SOFIX (1 215.84, -0.32%) negative on Friday. Elana Agrocredit (EAC, EUR 0.52, -3.70%) dropped the most followed by Bulgarian Real Estate Fund (BREF, EUR 2.36, -1.67%), Shelly (SLYG, EUR 50.60, -0.78%) and Doverie United Holding (DUH, EUR 5.80, -1.36%). Several bigger trades wiped out the offer side of Sopharma (SFA, EUR 1.775, +1.43%) and the pharmaceutical company registered 40% of SOFIX daily turnover. Gradus (GR6, EUR 0.55, +8.91%) partly offset the neg...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 16 March - 20 March 2026
The Bulgarian stock market continued its downward trajectory over the past week, with all major indices closing firmly in negative territory. The benchmark SOFIX index declined by 3.2%, ending the week at 1 210.32 points. Broader indices followed a similar trend: the BGBX40 fell by 2.6% to 208.17 points, while the equally weighted BGTR30 index dropped 2.2%, finishing at 1 025.31 points. The sector-specific BGREIT index proved relatively more resilient, slipping by a modest 1.4% to 226.68 points....
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 March 2026
Quite opposite move of SOFIX (1 210.32, 0.00%) members fixed the main index unchanged on Friday. The jump of Sirma Group Holding (SIRM, EUR 0.915, +3.39%), First Investment Bank (FIB, EUR 3.16, +2.27%) and Sopharma (SFA, EUR 1.715, +2.08%) fully offset the drop of Eurohold (EUBG, EUR 1.03, -6.36%) and Wiser (WISR, EUR, 2.10, -1.87%). The trading session was highlighted by the transfer of 100.8m shares of Gradus (GR6, EUR 0.55, +27.91%) representing 40.9% of the company. BGBX40 (208.17, +0.46%) c...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 March 2026
The negative trend extended into the first trading day of the week, with all major indices posting notable losses. SOFIX (1 231.46, -1.49%) underperformed, as eleven of its fifteen constituents closed lower. The decline was led by Doverie United Holding (DUH, EUR 5.94, -3.57%) and Sirma Group (SIRM, EUR 0.99, -3.88%), both of which slipped below key psychological support levels of EUR 6.00 and EUR 1.00, respectively, adding to the negative sentiment. On the broader market, limited positive price...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 12 March 2026
The Bulgarian equity market recorded a positive session on Wednesday, with all major indices posting gains. Direction was largely driven by retail activity, as widened bid/ask spreads in recent choppy sessions allowed smaller orders to move prices more easily. Among the benchmark constituents, First Investment Bank (FIB, EUR 3.36, +3.38%), Shelly Group (SLYG, EUR 59.40, +2.77%), and Doverie United Holding (DUH, EUR 6.54, +2.19%) led the advance, pushing SOFIX (1 277.47, +0.70%) to the top of the...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 March 2026
The equities market reflected the prevailing weekly sentiment, with Friday’s session extending losses across the main indices in a range between 0.37% and 0.67%. The day’s laggards - Sirma Group Holding (SIRM, EUR 1.14, -8.06%), Chimimport (CHIM, EUR 0.436, -4.80%), First Investment Bank (FIB, EUR 3.38, -2.87%) and Wiser Technology (WISR, EUR 2.50, -2.34%) - weighed on SOFIX, which declined by 0.50% to 1 303.59 points, as the latest financial disclosures failed to trigger a positive market react...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 February 2026
The Bulgarian equity market experienced notable intraday volatility in the final trading session of the week, driven by low-volume price swings across a broad range of stocks. Despite these fluctuations, the major indices finished largely unchanged, leaving week-to-date performance broadly flat. SOFIX (1 353.00) closed at the same level as gains in Central Cooperative Bank (CCB, EUR 1.88, +3.30%) and Chimimport (CHIM, EUR 0.49, +4.26%) fully offset declines in Doverie (DUH, EUR 6.90, -2.54%), Fi...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 10 February 2026
The Bulgarian equities posted a mixed performance on the first trading day of the week, with turnover coming in below the YtD average. The main indices reflected the subdued activity, recording marginal gains in a narrow range between 0.01% and 0.06%. BGREIT (232.60) was the only index to finish lower, pressured by weakness in real estate names such as Bulgarian Real Estate Fund (BREF, EUR 2.70, -1.46%) and Advance Terrafund (ATER, EUR 1.395, -1.06%). The modest positive bias in SOFIX (1 354.69,...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 February 2026
It appeared that the fresh 18-year highs reached in recent sessions attracted increased profit-taking, as the Bulgarian equity market came under selling pressure on Friday, echoing the cautious sentiment from global markets. SOFIX (1 374.91, -0.76%) closed lower, weighed down by declines in Shelly Group (SLYG, EUR 68.00, -2.30%) and First Investment Bank (FIB, EUR 3.68, -2.13%), despite the absence of any negative surprises in the latest financial disclosures. On a broader base, Eleven Capital (...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 January 2026
The positive sentiment on the Bulgarian Stock Exchange weakened on Thursday, pushing all major indexes into negative territory, with SOFIX (1 385.46, -1.40%) recording the steepest decline. Doverie (DUH, EUR 7.10, -8.51%) came under pronounced selling pressure, followed by Smart Organic (SO, EUR 17.20, -3.37%), Central Cooperative Bank (CCB, EUR 1.84, -3.16%), and Chimimport (CHIM, EUR 0.58, -3.33%), though trading volumes across these names remained subdued. A sharp advance in Sopharma Trading ...
- Veselin Radoychev Please Change Surname
Bulgaria Outlook 2026
Global macroeconomic and geopolitical challenges weighed on the Bulgarian economy over the past year, primarily through weaker external trade dynamics. Despite this, economic growth remained solid. Real GDP expanded by 2.8% in Q1, 3.5% in Q2, and 3.0% in Q3, supported almost entirely by strong domestic demand. Several factors underpinned this robust consumption growth with the most important being the growth of compensation and the euro transition effect. For 2026 the projections by major i...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 27 January 2026
The Bulgarian equity market posted a solid start to the week, with SOFIX (1 402.30, +1.06%) leading the advance, followed by BGBX40 (243.57, +0.91%), BGTR30 (1 125.05, +1.05%), and BGTREIT (233.46, +0.46%). Ten out of fifteen constituents in the benchmark closed higher, led by the latest momentum names Chimimport (CHIM, EUR 0.60, +7.14%) and Shelly Group (SLYG, EUR 69.00, +4.55%). Investor sentiment improved compared to the end of last week, although trading volumes remained below the 15-day ave...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 18 December 2025
The Bulgarian stock market closed in positive territory on Wednesday, as investor activity continued to improve toward the end of both the month and the year. SOFIX gained 0.34%, finishing the session at 1 138.81 points. The advance was driven primarily by increased interest in Elana Agrocredit (EAC, BGN 1.08, +2.86%), as well as continued strong trading in Sopharma (SFA, BGN 2.89, +1.40%), which has been among the most actively traded shares in recent weeks. Additional support for the index cam...
Morning Bulletin - 17 December 2025
The Bulgarian equity market retreated within a narrow range, with weakness concentrated among recent gainers, pushing SOFIX (1 134.96, -0.19%) into negative territory. Wiser Technologies (WISR, BGN 4.80, -2.04%) and First Investment Bank (FIB, BGN 5.72, -1.72%) led the declines within the benchmark. In contrast, the broader indexes edged higher, with BGBX40 (200.94, +0.07%) and BGTR30 (979.99, +0.02%) benefiting from low-volume advances in Sofia Commerce (SCOM, BGN 5.00, +9.17%) and Hydraulic El...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 December 2025
The Bulgarian equity market retreated within a narrow range, with weakness concentrated among recent gainers, pushing SOFIX (1 134.96, -0.19%) into negative territory. Wiser Technologies (WISR, BGN 4.80, -2.04%) and First Investment Bank (FIB, BGN 5.72, -1.72%) led the declines within the benchmark. In contrast, the broader indexes edged higher, with BGBX40 (200.94, +0.07%) and BGTR30 (979.99, +0.02%) benefiting from low-volume advances in Sofia Commerce (SCOM, BGN 5.00, +9.17%) and Hydraulic El...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 November 2025
The Bulgarian equity market bent under selling pressure on Thursday, as weakness in several standalone names pulled the major indexes into negative territory. Wiser Technologies (WISR, BGN 4.52, -4.24%) and Advance Terrafund (ATER, BGN 2.62, -2.60%) led the declines, weighing broadly on sentiment. At the same time, Sopharma (SFA, BGN 2.72, +1.12%) and Sirma Group (SGH, BGN 1.72, +0.58%) attracted renewed interest after their latest financial results outperformed expectations. Both names were amo...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 24 November 2025
Bulgarian equities ended the week firmly on the negative side, with most major indices posting declines as investors reassessed their positions amid heightened volatility across global markets. The local blue-chip index SOFIX slipped by 0.7% to close at 1 071.8 points, as the broader BGBX40 (192.56, -0.8%) and BGTR30 (941.65, -0.7%) mirrored the overall downward trend. Among the stocks we track, the top performers were Trace Group Hold (T57, BGN 5.20, +4.0%), the consistently strong Shelly Group...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 10 November - 14 November 2025
The Bulgarian stock market ended the previous week on a positive note, with the sole exception of the sector index BGREIT (226.49, -0.6%), which reflected the weaker performance of Advance Terrafund (ATER, BGN 2.75, -1.8%). The leading local benchmark SOFIX gained 0.8% to close at 1 079.33, supported by strong upward moves from heavyweights Eurohold Bulgaria (EUBG, BGN 1.94, +7.8%) and the high-growth Shelly Group (SLYG, EUR 54.00, +5.5%). Both stocks were also among the top gainers in FFBH’s li...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 12 November 2025
The Bulgarian equity market showed resilience on Tuesday, with the major indexes closing in positive territory, advancing between 0.21% and 0.63%. SOFIX (1 073.87, +0.63%) outperformed, supported by gains in Central Cooperative Bank (CCB, BGN 1.70, +2.41%) and Shelly Group (SLYG, EUR 53.00, +1.53%). Monbat (MONB, BGN 1.89, +3.85%) and Zaharni Zavodi (ZHBG, BGN 0.12, +4.35%) led on a broader base, though their influence was limited by light-volume trades. Weakness in Advance Terrafund (ATER, BGN ...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.