reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 February 2024
Mixed trading session fixed SOFIX (784.03, +0.08%) and BGREIT (191.49, +0.26%) positive while BGBX40 (161.66, -0.11%) and BGTR30 (805.07, -0.01%) closed negative on Wednesday. First Investment Bank (FIB, BGN 2.84, +3.65%), BSE (BSE, BGN 15.35, +2.68%) and Chimimport (CHIM, BGN 0.72, +2.27%) led the daily gainers on the ground of moderate daily volume. The negative impact on SOFIX came from M+S Hydraulic (MSH, BGN 10.30, -1.90%) and Neochim (NEOH, BGN 21.10, -1.86%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 23 October - 27 October 2023
It was a positive week for the Bulgarian stock market, as continuing investors’ appetite in some particular positions supported indexes in an uncertain global market conditions. The local benchmark SOFIX (747.05) was the top gainer with 0.7% rise, reflecting the strong performance of Bulgarian Stock Exchange (BSE, BGN 10.95, +3.8%) and First Investment Bank (FIB, BGN 2.60, +3.2%). A total of 11 out of 29 names in our universe finished on green territory, 13 weighted on the red side, 6 remained u...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 October 2023
The positive sentiment from the world markets slightly reflected on the Bulgarian equity market and the main indexes finished on the positive side. SOFIX (742.27, +0.31%) broke a three-day losing streak by erasing previous days’ losses but remained below its 50-day MA. Eurohold (EUBG, BGN 1.75, +2.94%) after some block trades and First Investment Bank (FIB, BGN 2.48, -2.36%) with some sell-offs became daily movers. The volumes lowered further and slipped below the 15-day average line for this se...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 6 July 2023
The major indexes on the Bulgarian stock exchange registered gains ranging from 0.25% to 0.38% as BGEIT (192.01, -0.13%) was an exception on Wednesday. The advancers led decliners by a 7-to-2 margin within SOFIX (673.73, +0.38%) as Chimimport (CHIM, BGN 0.728) surged the most by 2.25%, while Eleven Capital (11C, BGN 20.60) was placed on the top of the daily chart, supporting the broad indexes. The daily volumes improved compared to the previous day but still remained below the 15-day average lin...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly Bulletin - 26 June - 30 June 2023
The Bulgarian equity market lost 0.5% on average last week as SOIFX (669.90) declined the most 1.3%, lowering the gain from the beginning of the year to 11.4% at the end of the second quarter. The advance-decline line favored advancers by 11-to-9 margin, but the negative moves were sharper for names like Alcomet (ALCM, BGN 7.90, -11.2%), M+S Hydraulic (MSH, BGN 10.00, -7.4%) and Eurohold Bulgaria (EUBG, BGN 1.74, -7.0%). On the positive side, Bulgarian Stock Exchange (BSE, BGN 9.80, +4.3% YoY) l...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 July 2023
The last day of the second quarter Bulgarian equity market ended in positive territory for all major indexes as the lead came from mixed names, like Central Cooperative Bank (CCB, BGN 1.56, +2.63%), and less liquid names Zerneni Hrani (ZHBG, BGN 0.13, +4.84%) and Balkan and Sea REIT (BSP, BGN 22.60, +2.73%). SOFIX (669.90) increased 0.16%, additionally supported by Doverie (DUH, BGN 8.88, +1.60%) and Sopharma Trading (SFT, BGN 6.00, +0.84%), while major part of the members remained unchanged. Th...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 June 2023
It was a volatile session as more aggressive sellers took actions for names like Eurohold (EUBG, BGN 1.75, -6.42%), Chimimport (CHIM, BGN 0.716, -2.19%) and Zarneni hrani (ZHBG, BGN 0.124, -10.79%), while some buy back procedures balanced on the opposite side – Sirma Group (SGH, BGN 0.70, +6.06%) and Gradus (GR6, BGN 1.50, +3.45%), resulting in a mixed outcome for major indexes on Tuesday. SOFIX (670.14) declined 0.82% as the decliners prevailed over advancers by 6-to-5 margin, while the broad i...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 12 June 2023
Most weekly gainers lost altitude on Friday and weighed on SOFIX (683.34, -0.43%). Allterco (A4L, BGN 27.30, -2.50%), First Investment Bank (FIB, BGN 2.08, -1.89%) and Sopharma (SFA, BGN 6.14, -0.97%) suffered from selling pressure while Central Cooperative Bank (CCB, BGN 1.50, +4.17%) and Neochim (NEOH, BGN 38.50, +1.32%) advanced on the back of moderate daily volume. BGBX40 (150.27, -0.23%) and BGTR30 (754.98, -0.12%) also slipped on Friday with poor daily turnover.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 May 2023
Stocks touched record highs on Tuesday’s opening, but the bullish sentiment was stifled around and left the Bulgarian market little changed. The major indexes finished the session mixed, settling in the higher half of their trading ranges. SOFIX (661.82) increased 0.81%, overcoming the previous day 0.08% decline as the investors looked for some profit taking actions. Allterco (A4L, BGN 25.90) continued to lead the gainers with fresh 4.02% increase. Doverie (DUH, BGN 8.66, +1.64%) also supported ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 May 2023
The major indexes closed near session highs on Friday, adding to their weekly gains as the market reacted positive to released GM’s agendas and the possibility of regular government. SOFIX (657.00) rallied 2.38% and reached level, hasn’t seen in 5 years. Allterco (A4L, BGN 24.80, +5.98%) and Eurohold (EUBG, BGN 1.76, +6.67%) continued to lead the gainers, and supported by Bulgarian Stock Exchange (BSE, BGN 8.96, +3.23%), which announced DPS BGN 0.74 and split and Doverie (DUH, BGN 8.62, +4.36%) ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 May 2023
The Bulgarian stock market finished the last trading day of the month on a positive note, balancing after the mixed financial data for Q1. The Friday’s actions pushed SOFIX (607.01, +0.52%) up and erased the previous day losses, but it was unable to maintain a posture by the close of the session and the benchmark index ended only above its 200-MA. The daily movers were Gradus (GR6, BGN 1.50, +3.45%), First Investment Bank (FIB, BGN 2.10, +3.96%) and Doverie (DUH, BGN 7.62, +2.70%) within the mai...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 March 2023
The new week started on an upbeat note after the weekend went by without additional worrisome news around Eurohold Bulgaria (EUBG, BGN 1.45, +3.57%). SOFIX (604.98) increased 0.61% on Monday and closed at its 200-day MA additionally supported by Neochim (NEOH, BGN 39.00, +2.09%), which consecutive operational issue with the nitric acid workshop was solved after the market close on Friday. Despite the calming of the banking crisis around the world, the Bulgarian financial sector, represented by C...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 13 March - 17 March 2023
The pressure on the banking sector was front and centre last week, taking the global markets on a roller-coaster ride with emerging concerns about the future impact of the US banks failures and the continuing problems with Credit Suisse in Europe. Bulgarian stock market followed the negative investor`s sentiment and ended the week lower. The local benchmark SOFIX decreased by 4.1% to settle at 606.59, followed by the broad BGBX40 (139.99) and BGTR30 (722.43) with 2.6% and 2.0% drop respectively....
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 March 2023
Some remaining pressure on the bank stocks was registered on Thursday but in general the Bulgarian market rebounded and all major indexes registered positive moves. Agria Group (AGH, BGN 24.00) took some fresh air after midterm downtrend, rising 3.45% and led the gainers in this session, followed by Doverie United Holding (DUH, BGN 7.94, +2.32%) and Dronamics Capital (DRON, BGN 2.90, +2.11%). The volumes, on the other hand, slipped significantly as near one third of the indexes’ members remained...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 6 March 2023
The Bulgarian market opened on a mixed note as the Q4 consolidated financial data defined the moves. SOFIX (624.35) advanced by 0.37% supported by Sopharma (SFA, BGN 5.20, +2.97%) and M+S Hydraulic (MSH, BGN 9.40, +2.17%), which gained ground on the back of small trades. The announced loss of BGN 4.75 per share in latest financials of Sirma Group (SGH, BGN 0.635) activated the sellers and the group registered 2.31% decline and along with Telematic (TBS, BGN 14.60, -2.01%) and Neochim (NEOH, BGN ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 27 February 2023
The major indexes closed near session highs on Friday preserving their gains in front of the weekend. SOFIX (619.02) added another 0.24% to its midterm uptrend, while the broad indexes BGBX40 (142.19, +0.10%) and BGTR30 (735.01, +0.08%) underperformed the benchmark. Neochim (NEOH, BGN 41.00, +4.59%) and Telelink (TBS, BGN 10.15, +2.53%) led the gainers in this session, while Chimimport (CHIM, BGN 0.756, -3.82%) and Eleven Capital (11C, BGN 21.60, -2.70%) finished on the opposite side with modest...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 18 January 2022
Precautious selloffs of Bulgarian equities deepened on Tuesday as more investors looked for positive exits possible after the recent rally. All major indexes finished on negative territory in a range between -0.62% to -0.43%, reflecting the broad based selling. The poor performance of First Investment Bank (FIB, BGN 2.30, -3.36%) and Neochim (NEOH, BGN 40.20, -2.43%) kept SOFIX (616.48, -0.51%) below the previous close for the entire session, while the falls of Gradus (GR6, BGN 1.50, -3.23%) and...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 3 January - 6 January 2023
The Bulgarian stock market started the new year with a positive trading week, as the leading index SOFIX increased modestly by 0.5% to settle at 604.72. The two broad indexes – BGBX40 (139.94, +0.5%) and BGTR30 (734.09, +0.4%) followed the benchmark and showed similar performance, while BGREIT advanced the most (+1.1%) to close at 185.27 on Friday. Gainers outnumbered losers in our list of selected companies by 14 to 7, as the top performers were Speedy (SPDY, BGN 108.00, +5.9%), First Investmen...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 9 January 2023
The Bulgarian stock market closed the first week of 2023 mixed as SOFIX (604.72, -0.07%) and BGBX40 (139.94, -0.04%) slightly retreated, while BGTR30 (734.09, +0.27%) and BGREIT (185.27, +0.18%) ended on an upbeat note. The trading was focused on large cap names and the retail investors were the main participants tempted by risk appetite names like Sirma Group (SGH, BGN 0.765, +3.38%), First Investment Bank (FIB, BGN 2.08, +4.52%) and Sofia Commerce-Pawn Brokerage (SCOM, BGN 2.86, +3.38%). The t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 29 December - 30 December 2022
The Bulgarian stock market had quiet closing sessions in the last short holiday week of a disappointing year. The main index – SOFIX (601.49, -0.2%) remained between 50 and 200-day MA, registering small downtrend moves in these two trading days and recorded 5.4% loss for 2022. The winner of the year became BGREIT (183.17) with 11.7% gain, mainly supported by Advance Terrafund (ATER, BGN 3.19, +30.46% in 2022), despite the negative weekly result (-0.5%). Decliners dominated advancers 12-8 within ...
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