reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 September 2024
There were some price actions in both directions in the beginning of the shorter trading week, though neither sellers nor buyers were convincing enough and the main indexes settled almost flat. The advancers led the decliners by 6-to-5 margin within SOFIX (854.96, -0.26%) but First Investment Bank (FIB, BGN 4.60, -3.77%) twisted once again and weighed on the main index. The daily activity came on a broad base as the turnover of Sopharma (SFA, BGN 5.96, 0.00%), Bulgarian Stock Exchange (BSE, BGN ...
- 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 - 18 September 2024
The BSE midterm downtrend continued on Tuesday, leaving the major indexes below the surface in range between 0.22% and 0.05%. Negative price action of First Investment Bank (FIB, BGN 4.78, -3.63%) provided weight for the benchmark index the most and SOFIX (857.89) underperformed all indexes by losing 0.22%. The daily volume improved on large-cap base by exceeding 16% the 3-months average line.
- 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 - 21 August 2024
Big bid/ask spreads were prerequisites for huge volatility and opposite moves of SOFIX (867.73, -0.40%) members, which drove the main index into the red zone on Tuesday. M+S Hydraulic (MSH, BGN 9.50, -4.52%), Sirma Group Holding (SGH, BGN 1.10, -1.79%) and Sopharma (SFA, BGN 5.94, -1.00%) weighted to the negative side, while Bulgarian Real Estate Fund (BREF, BGN 3.12, +4.70%), Agria (AGH, BGN 20.40, +2.00%) and Central Cooperative Bank (CCB, BGN 1.67, +1.83%) supported the main index. BGREIT 200...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 August 2024
The major indexes booked gains in the last day of the month as the positive bias was driven by the low volumes trades with large-cap names. SOFIX (867.27) rebounded from 50-day MA for consequent time in the last month led by First Investment Bank (FIB, BGN 4.92, +3.36%). BGBX40 (170.49, +0.42%) and BGTR30 (864.32, +0.37%) almost repeated the benchmark result despite Monbat (MONB, BGN 3.00, -2.60%) and Sopharma Trading (SFT, BGN 5.70, -2.56%), which settled with losses, despite the positive finan...
- 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 - 23 July 2024
The Bulgarian equity market started the week on a weak note with broad-based selling, which settled the main indexes in negative territory. SOFIX (860.82) declined 0.43% and finished just a tick above the 50-day average with First Investment Bank (FIB, BGN 4.48, -3.03%) and Bulgarian Estate Fund (BREF, BGN 2.60, +1.56%) on both sides of the movers’ list. The block trade with Eurohold (EUBG, BGN 1.50, +0.67%) impacted the daily statistics, and the turnover neared the 3-months average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 July 2024
The Bulgarian equity market ended the session mixed and reflected on the main indexes in the same way on Tuesday. The broad index BGTR30 (853.67, +0.20%) outperformed as it gathered more of the daily gainers, like Agria Group (AGH, BGN 21.40, +7.00%) and M+S Hydraulic (MSH, BGN 10.00, +2.56%) though the lack of fresh news confused. SOFIX (849.29) and BGBX40 (167.93) settled lower by 0.05% and 0.10%, respectively, due to heavy Sopharma (SFA, BGN 5.90, -1.01%), Eleven Capital (11C, BGN 17.80, -2.7...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 July 2024
SOFIX 847.68 (-0.16%) slightly retreated on Friday due to the drop of heavy Shelly (SLYG, BGN 69.80, -1.69%), Sirma Group Holding (SGH, BGN 1.00, -2.91%) and Sopharma (SFA, BGN 5.94, -0.34%). Support for the main index came from Bulgarian Stock Exchange (BSE, BGN 15.10, +2.03%), Advance Terrafund (ATER, BGN 3.23, +0.94%) and Bulgarian Real Estate Fund (BREF, BGN 2.52, +0.80%). Overall liquidity remained low; big bid/ask spreads were a prerequisite for huge volatility without significant daily vo...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 26 June 2024
The overall activity in the Bulgarian equity market on Tuesday was weak, the decliners-advancers line was almost in equilibrium with lack of conviction from both sides and the major indexes settled flat. SOFIX (841.05, -0.01%) ended on a tick lower as M+S Hydraulic (MSH, BGN 10.00) stood out with 3.85% loss. The daily volumes were poor, though the trading activity with Sopharma (SFA, BGN 5.96, -0.33%) impacted the daily statistic and the turnover exceeded 5 times the 3-months average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 21 June 2024
The trading activity weakened on Thursday and the major indexes remained flat in a range between 0.06% and 0.16%. SOFIX (851.93) advanced 0.06% as some heavy-weighted names like Shelly Group (SLYG, BGN 69.60, +0.87%) and Advance Terrafund (ATER, BGN 3.18, +0.95%) impacted the index performance, though the volumes were poor. The turnover was 26% from the 3-months average and reconfirmed the luck of investment interest for this period of the year.
- 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...
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