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- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 11 November 2024
The Bulgarian stock market closed the volatile weak on a downbeat note with little changes from Monday opening. All major indexes booked losses in range between 0.34% and 0.01%, reflecting the negative price actions of First Investment Bank (FIB, BGN 4.00, -4.76%) and Doverie (DUH, BGN 8.04, -3.13%), though the bias came from low volumes in widened spreads. Roughly one third of the indexes constitutes remained untraded on Friday as the volume only of few names, like Monbat (MONB, BGN 2.64, +4.76...
- 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 - 24 September - 27 September 2024
The Bulgarian stock market ended the week mixed on Friday, as the local benchmark SOFIX lost 0.2% to settle at 855.75, while the broad ones BGBX40 (168.94, +0.4%) and BGTR30 (867.82, +0.1%) ended a notch higher. The advancers equaled the decliners in our list of selected companies 13-to-13, 3 remained neutral. Speedy (SPDY, BGN 210.00, +6.6%) was the top gainer in the list, followed by Neochim (NEOH, BGN 20.20, +5.2%) and Bulgarian stock exchange (BSE, BGN 8.15, +4.5%). SOFIX member First Invest...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 27 September 2024
The Bulgarian equity market dived during the session on Thursday as sizable losses in large-cap names defined the daily outcome for the indexes. First Investment Bank (FIB, BGN 4.18, -5.86%) met some significant selling pressure to BGN 4.00, but slightly improved in late hours and booked only 5.86% drop. Chimimport (CHIM, BGN 0.725, -2.68%), Monbat (MONB, BGN 2.78, -6.08%) and Trace Group (T57, BGN 6.45, -3.73%) weighed additionally, though the volumes were significantly lower than the 3-months ...
- 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
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 - 9 September 2024
The Bulgarian equity market closed the short first week of September on upbeat note and the indexes registered moderate gains in range between 0.22% and 0.52%. The positive effect came from the easily recovered Central Cooperative Bank (CCB. BGN 1.73, +4.85%) and Bulgarian Stock Exchange (BSE, BGN 8.05, +2.55%) from previous trading day’s losses on the ground of small trades in already widened Bid/Ask Spreads. The volumes improved slightly, though registered less than 50% of the 3-months average...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 26 August - 30 August 2024
The Bulgarian stock market edged lower last week, as investors remained inactive and kept the positive sentiment in some particular positions. The leading local index SOFIX lost 0.5% to close at 864.77, as the broad ones – BGBX40 (169.53, -0.6%), BGTR30 (869.97, -0.3%) repeated the benchmark. Declining stocks outnumbered the rising ones in our list of selected companies by 12 to 10, 7 ended unchanged. The top gainer within our list of selected was Trace Group Hold (T57, BGN 5.35,+14,8%), while t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulleting - 2 September 2024
The Bulgarian equity market got off to a good start on Friday but some large cap names met selling pressure and the main indexes closed the week and the month mixed. SOFIX (864.77) declined by 0.09%, led by the losses of Central Cooperative Bank (CCB, BGN 1.70, -2.30%) and Shelly Group (SLYG, BGN 35.10, -1.13%) , while the broad indexes deepened even more as Eleven Capital (11C, BGN 16.80, -3.45%) and Stara Planina (SPH, GN 9.50, -3.06%) weighed additionally. Volumes, on the other hand, were low...
- 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 - 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 - 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 - 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 - 15 July 2024
Poor liquidity and huge opposite moves of index members fixed SOFIX at 863.83 (+0.78%). Eurohold (EUBG, BGN 1.51, +4.14%), Agria Group (AGH, BGN 21.00, +1.94%) and Advance Terrafund (ATER, BGN 3.24, +1.25%) fully offset the negative impact of Sirma Group (SGH, BGN 1.12, -3.45%) and Chimimport (CHIM, BGN 0.705, -2.08%). BGBX40 (169.43, +0.54%) and BGREIT (190.22, +0.41%) also finished the day green while BGTR30 (855.32) remained unchanged.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 19 June 2024
The announcement that 2.7% of Shelly (SLYG, BGN 68.40, -2.01%) were sold OTC at BGN 64.54 (EUR 33) by the majority shareholders disappointed investors and the company dropped by 2.01% thus weighing on the main index SOFIX (848.43, -0.44%). Agria (AGH, BGN 20.70, -2.36%) and Sopharma (SFA, BGN 5.86, -1.68%) also lost altitude with small daily turnover. The expected dividend distribution by the Moldavian bank raised Doverie United Holding (DUH, BGN 8.82, +2.56%) with moderate daily volume on Tuesd...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 June 2024
The major indexes saw some choppy actions on the Bulgarian equity market on Friday, which turn to be the last day of the month as the widened Bid/Ask spreads allowed retail to dictate the moves. The bank sector, represented by First Investment Bank (FIB, BGN 4.56, +4.11%) and Central Cooperative Bank (CCB, BGN 1.67, +2.45%), once again led the gainers in this session, while the fluid power manufacturer M+S Hydraulic (MSH, BGN 11.20, +5.66%) big upside move was another support factor. Eurohold (E...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 May 2024
The major indexes closed with losses, reflecting the moderate activity of retails on Tuesday. SOFIX (863.60) fell 0.35%, while the broad indexes BGBX40 (171.72) and BGTR30 (851.69) took some advantage from Bianor Holding’s (BNR, BGN 5.30, +6.00%) and Billboard’s (BBRD, BGN 0.48, +15.38%) gains and decreased by 0.20% and 0.13% respectively. The volumes remained moderate as the turnover reached 69% of its 3-month average, mainly reflecting the Eurohold (EUBG, BGN 1.58, +0.64%) trading.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 21 May 2024
SOFIX (863.01, +0.82%) logged another 15-years record high supported by the financial sector on Monday. The broad indexes BGBX40 (171.92, +0.47%) and BGTR30 (860.42, +0.31%) underperformed under the weight of the losses of Eleven Capital (11C, BGN 18.40, -2.65%) and Monbat (MONB, BGN 3.10, -2.52%), while First Investment Bank (FIB, BGN 4.44, +1.83%) slipped to BGN 4.04 on the opening bell but at late hours new buying power changed the final outcome. The volumes slipped much lower than the 15-day...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 7 May - 10 May 2024
The local stock market gained steam last week and ended on a positive note, as investors kept the positive sentiment in some particular positions and supported the indexes. The local benchmark SOFIX added 3.0% to settle at 837.99, , reflecting the impressive performance of the index members First Investment Bank (FIB, BGN 3.88, +25.2%), Sirma Group Holding (SGH, BGN 0.83, +13.8%) and Chimimport (CHIM, BGN 0.76, +11.9%), that formed the top three in our list of selected companies. A total of 20 o...
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