reports
- Mihail Dimitrov
- Nadejda Dafinkicheva
Weekly bulletin - 27 May - 30 May 2025
The Bulgarian stock market closed the last week on a positive note with the exception of the sector index BGREIT (219.49, -0.6%). The benchmark SOFIX (999.39) was the top gainer with 1.8% rise, reflecting the impressive performance of the index members Bulgarian Stock Exchange (BSE, BGN 9.55, +11.0%), Doverie United Holding (DUH, BGN 9.0, +5.9 %) and high-tech blue chip Shelly Group (SLYG, EUR 45.70, +5.3%). Monbat (MONB, BGN 2.34, -6.4%) was the top loser on our list of selected securities, as ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 June 2025
SOFIX (999.39, +0.58%) closed a few ticks away from the psychological level of 1000, something we haven’t witnessed since 2008. The excellent Q1 financial results raised Doverie United Holding (DUH, BGN 9.00, +3.45%) while Sirma Group Holding (SGH, BGN 1.46, +2.10%) jumped on the back of buy-back buying power. Ex-dividend date weighed on Advance Terrafund (ATER, BGN 2.92, -2.01%) while Smart Organic (SO, BGN 31.20, -2.50%) and First Investment Bank (FIB, BGN 5.10, -1.54%) suffered from small spe...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 19 May - 23 May 2025
The Bulgarian stocks marked a positive week, while the global markets suffered pullbacks and volatility, as new threats were tapping the brakes on investor optimism. The local benchmark SOFIX added 2.6% to settle at 981.32 and the broader BGBX40 (183.32, +1.7%) and BGTR30 (922.11, +2.6%) moved similar. Three SOFIX members were the top gainers in our list of selected securities – the technology blue chips Sirma Group Holding (SGH, BGN 1.43, +19.2%) and Wiser Technologies (WISR, BGN 5.35, +7.4%) a...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 May 2025
The huge volatility brought increased liquidity and turnover on Thursday. SOFIX (974.94, -0.09%) remained almost unchanged as opposite moves of index members offset the enormous fluctuations. Wiser (WISR, BGN 5.40, +8.00%), Central Cooperative Bank (CCB, BGN 1.65, +3.13%) and Chimimport (CHIM, BGN 0.73, +3.55%) highlighted the trading session while First Investment Bank (FIB, BGN 5.04, -3.82%) and Smart Organic (SO, BGN 33.00, -2.37%) retreated under the profit taking pressure. BGREIT (219.81, -...
Trace Group Hold AD: 4 directors
Four Directors at Trace Group Hold AD bought/sold 108,518 shares at 3.680BGN. The significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two y...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 April 2025
The Bulgarian equity market continued to be sluggish and the main indexed finished with small changes on Wednesday. Shelly (SLYG, EUR 33.70, +1.81%) and First Investment Bank (FIB, BGN 3.98, +1.53%) supported the indexes with moderate buying interest, while Eleven Capital (11C, BGN 13.00, -5.80%) and Agria Group (AGH, BGN 21.60, -3.57%) took over some sell pressure and placed BGTR30 (868.18, -0.36%) on negative territory. The volumes remained low as the trading activity was poor, though block tr...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 27 February 2025
Agria Group Holding (AGH, BGN 20.50, +3.54%) announced neutral performance in Q4’24 while Shelly (SLYG, EUR 38.30, +1.06%) met the expectations but both companies raised their prices on Wednesday. SOFIX (898.54, -0.41%) retreated under the negative pressure of Eurohold (EUBG, BGN 1.81, -5.24%), Central Cooperative Bank (CCB, BGN 1.64, -2.96%) and Doverie United Holding (DUH, BGN 7.90, -1.00%). Bulgarian Real Estate Fund (BREF, BGN 4.22, +1.93%) jumped without corporate news with moderate daily t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 27 December 2024
Seven positive trading session in a roll fixed SOFIX (893.14, +0.26%) at level we haven’t seen since Sept 2008. The IT company Sirma Group Holding (SGH, BGN 0.97, +3.19%) and the heavy member Eurohold (EUBG, BGN 1.98, +2.59%) led the daily gainers while Agria (AGH, BGN 19.90, -2.45%) and Elana Agrocredit (EAC, BGN 1.08, -0.92%) pulled back the main index. SOFIX daily turnover increased and reached BGN 1.18m as block trades dominated the trading on Monday. All other indexes closed positive but BG...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 November 2024
The buying power weakened and the Bulgarian equity market shortly shifted into earlier defined mid-term downtrend as investors took the opportunity to go cash. The late hour trades with Shelly Group (SLYG, EUR 34.40, +0.29%) disguised the 5.24% drop during the session, caused by aggressive sell-offs and minimized the losses of major indexes on Thursday. The negative bias from Chimimport (CHIM, BGN 0.70, -2.10%) and Sirma Group (SGH, BGN 1.02, -2.86%) reflected on SOFIX (852.07, - 0.27%) and the ...
- 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
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...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 August 2024
It was a downbeat day on Tuesday and the major indexes lost in range between 0.93% to 0.39%. The negative price actions were driven by consolidated activity after the registration of new 15-year highs by the indexes on Monday. SOFIX (864.88) slipped the most by 0.93%, led by M+S Hydraulic (MSH, BGN 9.00, -5.26%), Bulgarian Stock Exchange (BSE, BGN 8.00, -4.76%) and Central Cooperative Bank (CCB, BGN 1.68, -2.33%) losses. Volume was traditionally for the season below-average again as only the blo...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 August 2024
Positive start of the week set SOFIX (871.20, +0.51%) positive as well. First Investment Bank (FIB, BGN 5.40, +2.86%), Bulgarian Real Estate Fund (BREF, BGN 2.98, +2.76%) and Sirma Group Holding (SGH, BGN 1.12, +3.70%) surged without significant daily volume, while the most traded name Eurohold (EUBG, BGN 1.47) finished unchanged. Shelly (SLYG, EUR 36.30, -1.09%) was the only index member that lost altitude on Monday, suffering from the absence of liquidity and speculative trades.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 July 2024
SOFIX 857.65 lost 0.16% on Tuesday reflecting the crash of Central Cooperative Bank (CCB, BGN 1.57, -3.68%), M+S Hydraulic (MSH, BGN 9.90, -2.94%) and Eurohold (EUBG, BGN 1.45, -2.03%). Insignificant daily volume raised the value of Sopharma (SFA, BGN 5.88, +1.38%), First Investment Bank (FIB, BGN 4.48, +0.90%) and Chimimport (CHIM, BGN 0.715, +0.70%). BGREIT 191.08 (+0.48%) jumped on the ground of small speculative trades with Sopharma Buildings (SFB, BGN 13.40, +7.20%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 8 July -12 July 2024
Bulgarian equity market rose in the second week of July, led by 1.3% gain in benchmark index SOFIX (863.83) and more moderate presentation of the broad ones - BGBX40 (169.43, +0.8%) and BGTR30 (855.32, +0.2%). The tech sector blue chip Shelly Group (SLYG, BGN 74.80, +7.22%) was the best performing stock both within SOFIX and our list of selected securities, after the company revealed 49% YoY growth in H1 2024 sales and acquisition of a new company. The gainers continued with Korado Bulgaria (KBG...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 9 July 2024
All major indexes settled on negative territory after a somewhat mixed session with trading activity based on the benchmark index. SOFIX (851.90, -0.08%) continued to move on tick higher than its 50-day average as the negative effect came mainly from the heavy members Shelly Group (SLYG, BGN 69.60, -0.29%) and Central Cooperative Bank (CCB, BGN 1.57, -1.88%). The daily volumes were low as a single block trade with Eurohold (EUBG, BGN 1.08, -0.65%) impacted the daily statistics.
- Mihail Dimitrov
Morning Bulletin - 27 June 2024
The major indexes closed near their highs of the day after a surge of buying interest from the retails mainly in benchmark names. Agria Group (AGH, BGN 20.60, +3.00%), Bulgarian Stock Exchange (BSE, BGN 15.00, +2.04%) and Eurohold (EUBG, BGN 1.50, +2.04%) were among the top performers within SOFIX (846.07, +0.60%). The daily volumes slipped compare to previous two sessions and remained far below the 15-days average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 27 May - 31 May 2024
Bulgarian stock market stumbled a bit last week, while the global markets also suffered pullbacks and volatility. The leading local index SOFIX lost 0.1% to close at 865.39, as the broad ones – BGBX40 (172.03, -0.2%), BGTR30 (852.38, -0.9%) performed a little bit worse. The top gainer within our list of selected companies was the SOFIX member First Investment Bank (FIB, BGN 4.56, +8.6%), followed by Trace Group Hold (T57, BGN 4.90, +7.5%). Agricultural Agria Group Holding (AGH, BGN 20.40, -7.0%)...
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