reports
- 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
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
Weekly bulletin - 4 March - 8 March 2024
The Bulgarian stock market finished the last trading week on a positive note, after continuing investors’ appetite in some particular positions supported indexes. The local benchmark SOFIX (803.00) was the top gainer with 1.2% rise, reflecting the strong performance of index members like Shelly Group (SLYG, BGN 61.20, +4.4%) and Sopharma (SFA, BGN 6.56, +3.1%). 11 out of 29 names in our list of selected companies finished on green territory last week and the same number of companies weighed on t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 11 March 2024
The trading in widened Bid/Ask spreads settled the major indexes above the surface with moderate activity on buying side. SOFIX (803.00, +0.72%) recovered quickly, benefiting from M+S Hydraulic (MSH, BGN 11.10, +2.78%) and Neochim (NEOH, BGN 22.30, +5.69%) gains and registered new 15-year high at 803 level. The upcoming rebalancing of the benchmark triggered small interest in Agria Group (AGH, BGN 20.00, +0.50%) and Sirma Group (SGH, BGN 0.71, +2.90%) impacting positively the broad indexes, whil...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 March 2024
Green Thursday raised SOFIX to 788.42 (+0.56%). Heavy Sopharma (SFA, BGN 6.16, +2.67%) and Eurohold (EUBG, BGN 1.30, +0.78%) supported the main index and offset the drop of Chimimport (CHIM, BGN 0.706, -1.94%), Sopharma Trading (SFT, BGN 5.60, -1.75%) and First Investment Bank (FIB, BGN 2.80, -1.41%). After several negative trading sessions, M+S Hydraulic (MSH, BGN 10.80, +4.86%) recovered on Thursday. Daily gainer Monbat (MONB, BGN 3.78, +5.00%) jumped without significant daily volume and big b...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 January 2024
The Bulgarian market closed a volatile session on broad base, which led to mixed results for the main indexes. SOFIX closed with 0.26% gain thanks to small volume trades with Chimimport (CHIM, BGN 0.764, +3.80%), Eurohold (EUBG, BGN 1.35, +3.85%) and First Investment Bank (FIB, BGN 3.36, +3.07%) and advanced by 3.22% YtD in total. The broad indexes underperformed as the daily losers – Agria Group Holding (AGH, BGN 20.30, -5.58%), Bulgarian Stock Exchange (BSE, BGN 14.00, -3.11%) and Alcomet (ALC...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 November 2023
The major indexes settled Tuesday session with gains in environment lacking of interest and with poor volumes. The daily movers Eurohold (EUBG, BGN 1.66, +4.40%) and Central Cooperative Bank (CCB, BGN 1.47, -2.65%) changed after small trades in widen Bid/Ask spreads. Chimimport (CHIM, BGN 0.632, +0.32%) maintained some buying interest around BGN 0.632 while Shelly Group (SLYG, BGN 41.00, +0.24%) traded around BGN 40.63 on average. The percentage of untraded members for the major indexes exceeded...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 11 September - 15 September 2023
The Bulgarian stock market ended last week on a somber note, as investors remained cautious. The leading local index SOFIX lost 1.4% to close at 745.82, while the broad ones BGBX40 (157.08, -0.6%) and BGTR30 (781.55, -0.4%) recorded modest declines. The weekly top performer within our list of selected companies was First Investment Bank (FIB, BGN 2.50, +12.6%), followed by Speedy (SPDY, BGN 130.00, +8.3%) and M+S Hydraulic (MSH, BGN 12.00, +8.1%). On the red side the list started with agricultur...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 August 2023
The Bulgarian equity market had another strong showing on Tuesday due to carryover upside momentum to build on recent gains. The major indices saw choppy action, but held onto decent gains for the entirety of the session in a range between +0.25% to +0.80%. Bulgarian Stock Exchange's (BSE, BGN 9.42, +5.37%) big upside move was another support factor for the market, followed by the recovery of Sopharma Trading (SFT, BGN 6.60, +3.94%) and latest favourite Shelly Group (SLYG, BGN 46.80, +3.77%). Th...
- 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 - 30 June 2023
The Bulgarian equity market closed in balance between advancers and decliners as all major indexes registered small changes. SOFIX (668.81, -0.04%) finished below its previous close, dragged down by Eurohold (EUBG, BGN 1.74, -1.14%) and supported by Bulgarian Stock Exchange (BSE, BGN 9.72), which increased by 2.32% after the news of higher voted dividend than was announced previously. The turnover of Sopharma (SFA, BGN 5.36, 0.00%) exceeded significantly the 3-month average again and in combinat...
- 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 - 28 April 2023
The Bulgarian stock market declined on Thursday in another disappointing session, as investors doubled the selling pressure. SOFIX (603.87) deepened with another 0.91% and left behind its major MA mainly after small retail trades with First Investment Bank (FIB, BGN 2.02, -3.81%), Eurohold (EUBG, BGN 1.34, -2.90%) and Sopharma (SFA, BGN 5.60, -2.10%). Some activity in Allterco (A4L, BGN 22.00, -1.35%), Advance Terrafund (ATER, BGN 3.42, -0.58%) and Telematic (TIB, BGN 16.90, +18.18%) brought liq...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 13 March 2023
The Bulgarian stock market was volatile on Friday but finished around previous day close with mix results. SOFIX (632.75, -0.01%) retreated from record high as the widened Bid/Ask spreads on Chimimport (CHIM, BGN 0.758, -3.32%), Central Cooperative Bank (CCB, BGN 1.61, -4.73%) and Telelink (TBS, BGN 10.00, -3.38%) allowed small trades to cause significant impact of the daily outcome. Sopharma (SFA, +0.93%) hit BGN 5.50 during the day with stable volume but ended at BGN 5.45 and continued its mid...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
OUTLOOK 2023 - 9 SHARES WORTH HOLDING
INTEREST RATE HIKES COULD AFFECT VALUATIONS BUT CERTAIN NAMES STAY STRONGER THAN EVER FEELING CONFORTABLY IN THE CRISIS In 2022 we witnessed a chain of global events that played a significant role into cooling down the equity markets. The most important ones - the ongoing global supply chain problems, started in 2020, caused by COVID-19; the Russian invasion into Ukraine, triggering the energy shock; the concerns about an upcoming food shortage; the surge of CPI; the interest rates hikes. As ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 November 2022
Yesterday's trade appeared to be mostly on the positive side, building on the last two days’ gains. The upside bias was supported by the increase of Eurohold (EUBG, BGN 1.84) by 2.22% on the ground of small volume and Chimimport (CHIM, BGN 0.816), which surge 4.08%, caused by the increased buying interest. The broad indexes BGTR30 (719.53, +0.18%) and BGBX40 (137.34, +0.30%) outperformed the benchmark pushed by the ongoing uptrend of Agria Group Holding (AGH, BGN 27.30, +4.60%) after the announc...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 October 2022
The Bulgarian stock market closed positive on Friday in trading full of uncertainty and poor activity. The main index SOFIX 587.80) gained 0.35%, benefiting from the solid rise of one of the index members - Neochim (NEOH, BGN 46.00, +10.58%). The other daily gainer within SOFIX was Advance Terrafund (ATER, BGN 2.91, +2.11%), while Sopharma (SFA, BGN 4.46, -0.89%) and Allterco (A4L, BGN 17.70, -0.84%) weighed on the opposite side. The broad indexes BGTR30 (711.25) and BGBX40 (136.35) also stayed ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 12 September - 16 September 2022
The local indexes slightly retreated last week but finished the week almost unchanged in comparison with the slump of world markets. SOFIX slipped by 0.2% to 603.74, BGTR30 lost 0.3% to 731.37 while BGREIT remained unchanged at 182.64. BGBX40 dropped by 0.6% to 139.93 on the back of insignificant volume and moderate weekly fluctuations. The top gainer within our watchlist was Central Cooperative Bank (CCB, BGN 1.73, +8.1%), while Agria Group Holding (AGH, BGN 27.00, -6.9%) fell the most. Overall...
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