reports
- 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 - 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 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 - 22 July - 26 July 2024
The Bulgarian stock market ended the week mixed, lacking investor interest in the middle of the summer and trying to digest the outgoing corporate earnings data for the first half of the year. The benchmark SOFIX retreated 0.3% to settle at 862.25, while the broader ones - BGBX40 (169.60, -0.1%), BGTR30 (863.45, +0.6%) performed in opposite directions. The weekly volume (-66.8%) showed weak performance while the turnover (+46.6%) was pushed up by intense trade with bonds and generally illiquid n...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 July 2024
Speculative trades dominated the trading session on Wednesday. SOFIX (862.82) added 0.22% on the wings of First Investment Bank (FIB, BGN 4.70, +4.44%), Shelly Group (SLYG, BGN 37.70, +1.89%) and Bulgarian Stock Exchange (BSE, BGN 7.70, +1.99%). Chimimport (CHIM, BGN 0.725, -2.03%), Sopharma (SFA, BGN 5.80, -1.69%) and Eurohold (EUBG, BGN 1.50, -0.66) pulled back the main index on the ground of poor daily volume.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 June 2024
It was a quiet Wednesday session with mixed actions and poor volumes on narrow base. All major indexes settled on the positive side as the solid jump of top-weighted Sopharma (SFA, BGN 6.04, +3.07%) and Shelly Group (SLYG, BGN 69.00, +0.88%) provided the positive bias despite that the decliners advancers line was in equilibrium. A block trade with Central Cooperative Bank (CCB, BGN 1.65) was registered without change in the price and impacted the daily turnover statistic, which otherwise reached...
- 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 - 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 - 15 May 2024
The Bulgarian equity market ended the session on an upbeat note for seventh day in a row and the main indexes all settled near session highs. SOFIX (849.12) continued its recent outperformance, gaining 1.23% on Tuesday. The positive mood within the market resized new names apart from First Investment Bank (FIB, BGN 4.66), which added 18.88% to its market cap still without fresh news around the name, Agria Group (AGH, BGN 23.70) and Central Cooperative Bank (CCB, BGN 1.73) registered 7.73% and 4....
- 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...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 10 May 2024
Equities had a solid showing on Thursday as all major indexes registered gains ranging from 0.16% to 0.54%. SOFIX (832.94, +0.46%) continued a three-day rise with new 15-years high, reflecting sensible buying power within the benchmark. The investors quickly erased 4.00% of Bulgarian Stock Exchange (BSE, BGN 14.40, -4.00%) market cap as the freshly uploaded GSM agenda was read as negative news and focused on financials, placing up First Investment Bank (FIB, BGN 3.66, +2.81%) at 2019 level and t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 April 2024
The Bulgarian equity market finished strong on Wednesday concentrated in a narrow range of names, leaving the major indexes close to their 15-years highs. SOFIX (816.99) advanced by 1.48%, while the broad indexes BGTR30 (820.87) and BGBX40 (165.76) added 0.60% and 0.92%, respectively. First Investment Bank (BSE, BGN 2.90, +4.32%), M+S Hydraulic (MSH, BGN 12.10, +6.14%) and Eurohold (EUBG, BGN 1.35, +3.05%) settled higher while other 5 out 15 names remained untraded. The volumes, on the other han...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 March 2024
Quit opposite moves fixed SOFIX (807.47, +0.49%) positive on the very last trading session of March. M+S Hydraulic (MSH, BGN 11.10, +6.73%), Chimimport (CHIM, BGN 0.702, +2.93%), Bulgarian Stock Exchange (BSE, BGN 15.30, +2.00%) and Central Cooperative Bank (CCB, BGN 1.53, +2.00%) jumped on the ground of moderate daily volume. Insignificant speculative trades weighed on Holding Varna (HVAR, BGN 44.00, -2.22%), Advance Terrafund (ATER, BGN 3.34, -1.18%) and Elana Agrocredit (EAC, BGN 1.08, -0.92%...
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