reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 April 2025
Huge bid/ask spreads and absence of news fixed SOFIX (903.53, -0.79%) negative on Monday. Shelly Group (SLYG, EUR 37.30, -1.58%), Chimimport (CHIM, BGN 0.725, -2.68%) and Sopharma (SFA, BGN 5.74, -1.37%) retreated with small daily turnover. The gambling company Telematic Interactive Bulgaria (TIB, BGN 22.00, +0.92%) and Doverie United Holding (DUH, BGN 7.98, +0.25%) moved north driven by speculative trades on the last trading date of the month. BGREIT (214.08, -0.09%) also stepped back, reflecti...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 19 March 2025
The wave of buying interest slowly gained speed on Tuesday and settled the major indexes on the positive side. Sirma Group (SGH, 1.07, +7.00%) led the advancers list once again and boosted SOFIX (899.92, +0.25%) close to psychological level of 900 point. Eleven Capital (11C, BGN 15.20, +2.70%) and M+S Hydraulic (MSH, BGN 9.45, +2.72%) supported the broad indexes BGTR30 (871.17, +0.43%) and BGBX40 (172.24, +0.22%). The daily volume improved moderately too as more names participated in the trading...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 5 March 2025
The Bulgarian market started the shorter working week on a downbeat note following the world economy sentiment. The decliners led the advancers by 2-to-1 margin, which settled the main indexes on negative territory. SOFIX (893.80) underperformed the most by 1.16% as the heavy Shelly Group (SLYG, EUR 36.50, -2.67%), Sopharma (SFA, BGN 5.74, -1.71%) and First Investment Bank (FIB, BGN 3.68, -3.16%) met the selling pressure below the current market levels. Positive consolidated financial data gave ...
- Martin Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 27 January - 31 January 2025
The Bulgarian stock market managed to end the week slightly higher on Friday, while global markets continued with the volatile performance. The local Benchmark SOFIX added 0.5% to settle at 892.36, as all the other major indexes closed up, ranging from 0.1% to 0.7%. The shares of three companies- SOFIX members were the top gainers within our list of selected names – Sirma Group Holding (SGH, BGN 1.00, +6.4%), Bulgarian Real Estate Fund (BREF, BGN 4.08, +4.1%) and Central Cooperative Bank (CCB,...
- 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
Morning Bulletin - 19 December 2024
The major indexes traded slightly higher on Wednesday, reflecting carryover upside momentum to build on recent gains. Buying efforts continued to move Eurohold (EUBG, BGN 1.69) ahead by fresh 2.42% increase, which in combination with Bulgarian Stock Exchange’s (BSE, BGN 7.95, +1.27%) and First Investment Bank’s (FIB, BGN 3.90, +0.52%) advance led the indexes to positive territory with SOFIX (862.47, +0.29%) on top. The daily volumes improved significantly as close to 32m warrants of Eurohold (EU...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 2 December - 6 December 2024
The Bulgarian stock market ended the week with no clear direction, as the local benchmark SOFIX added 0.1% to settle at 847.67. The broader BGBX40 (166.63, +0.3%) and BGTR30 (846.93, -0.4%) performed in different directions, while the sector BGREIT (213.60,+0.6 %) gained the most, supported by the strong movement of Sopharma Buildings (SFB, BGN 16.50, +19.57%). The weekly top performer within our selected companies was Trace Group Hold (T57, BGN 6.0,+6.2%), followed by Telematic Interactive Bul...
- 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 - 2 December 2024
The Bulgarian market was mixed on Friday but a narrow range of names registered significant deviations in otherwise quiet session. The major indexes settled with losses as SOFIX (846.60, -0.20%) erased part of previous day gain, following the negative price actions in Agria Group (AGH, BGN 19.70, -2.48%) and First Investment Bank (FIB, BGN 3.80, -4.04%), while the BGBX40 (166.09, -0.13%) and BGTR30 (850.17, -0.03%) performed slightly better, supported by Petrol (PET, BGN 0.89, +23.61%) and Sirma...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 28 October - 1 November 2024
Bulgarian equity market rose modestly in the second week of October, as the end of the third-quarter earnings season for the companies showed mixed results and did not manage to point the market to a clearer direction. The local Benchmark SOFIX added 0.8% to settle at 854.17, as all the other major indexes closed up, ranging from 0.2% to 1.4%. A newly announced fourth dividend distribution this year by Telematic Interactive (TIB, BGN 20.60, +15.7%) put the name of the company on the top of the g...
- 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
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 - 11 October 2024
There was another negative bias in the Bulgarian equity market on Thursday. The downside moves were limited, though, and the main indexes settled mixed. The participants reacted on slowing activity and took some profits in names like Chimimport (CHIM, BGN 0.71, -3.40%) and Shelly Group (SLYG, BGN 35.50, -1.11%), which sent SOFIX (858.94, -0.32%) below the surface. The broad indexes – BGBX40 (170.35, +0.32%) and BGTR30 (870.55, +0.13%) - outperformed supported by Industrial Holding Bulgaria (IHB,...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 30 September - 4 October 2024
Bulgarian stock market indexes closed the week almost flat on Friday, largely reflecting the lack of fresh investors’ enthusiasm, while international markets remained on a volatile note, because of elevated geopolitical and economic uncertainty. The benchmark SOFIX lost 0.1% to settle at 854.78, as all other major indexes closed mixed, ranging from 0.1% to -0.4%. The former SOFIX member M+S Hydraulic (MSH, BGN 9.90, +6.5%) led the gainers within our list of selected companies, followed by Elana ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 October 2024
The Bulgarian equity market was in a peaceful state until late rally effort to finish off a good quarter and all major indexes settled on positive territory. SOFIX (858.29, +0.30%) underperformed the broad indexes as Chimimport (CHIM, BGN 0.725, -2.68%) and First Investment Bank (FIB, BGN 4.12, -0.96%) continued to weigh on the index. Significant price action was registered with names like Bulgarian Real Estate Fund (BREF, BGN 3.62, +3.43%), Albena (ALB, BGN 25.80, +3.20%), M+S Hydraulic (MSH, B...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 2 September - 5 September 2024
The Bulgarian stock market continued the negative movement from the previous one, but remained relatively stable, while uncertainty and volatility returned to global financial markets. The local benchmark SOFIX retreated -0.2% to settle at 864.43 and the broad ones – BGBX40 (169.38, -0.5%), BGTR30 (867.42, -0.3%) performed a little bit worse. The weekly top performer within our list of selected companies was Trace Group Hold (T57, BGN 6.00, +12.1%), followed by Monbat (MONB, BGN 3.04, +6.3%) and...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 5 September 2024
The profit taking actions were driving Wednesday’s sell-offs on BSE, which settled the main indexes on negative territory in range between -0.80% and -0.96%. Shortly mentioned in previous sessions Central Cooperative Bank (CCB, BGN 1.65, -4.07%), M+S Hydraulic (MSH, BGN 9.40, -5.53%) and First Investment Bank (FIB, BGN 5.00, -3.85%) as daily gainers took the opposite direction and led the laggards in this trading session. Along with the upcoming celebrations of 139-years of Bulgarian Unification...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 August 2024
The Bulgarian equity market had a mixed disposition through the Thursday trading session. SOFIX (865.51, -0.05%) and BGBX40 (170.15, -0.04%) closed near their lows of the day, following sharp moves of M+S Hydraulic (MSH, BGN 9.35, -3.61%) and Alcomet (ALCM, BGN 6.35, -5.93%) on the negative side and Central Cooperative Bank (CCB, BGN 1.74, +2.35%) and Chimimport (CHIM, BGN 0.81, +4.52%) on the positive side. BGTR30 (872.13) advanced alone by 0.23% on narrow constitute base. The trading activity ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 August 2024
The Bulgarian equity market showed weakness on Wednesday, though the major indexes settled mixed, reflecting the gains in the real estate sector and the outsized impact of M+S Hydraulic’s (MSH, BGN 9.70, +7.78%) single trade. The selling pressure on both, Chimimport (CHIM, BGN 0.775, -3.13%) and First Investment Bank (FIB, BGN 5.05, -3.81%), continued in this trading day and left SOFIX (865.97, +0.13%) on a tick higher than previous session. Volume was still below-average within the benchmark, w...
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