reports
- 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 - 15 April - 19 April 2024
Bulgarian stock indexes ended last week on a negative note, after the tone in global markets seems to have shifted with continuing uncertainty and volatility. The leading local index SOFIX lost 0.5% to close at 805.96, as extended indexes BGBX40 (164.27) and BGTR30 (809.49) declined by -0.5% and -0.8% respectively, repeating benchmark presentation. The weekly top performer within our list of selected companies was the industrial Alcomet (ALCM, BGN 7.0, +7.7%), followed by Speedy (SPDY, BGN 165...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 April 2024
SOFIX (810.58, +0.09%), BGBX40 (165.23, +0.08%) and BGTR30 (816.78, +0.05%) closed green on Monday while BGREIT (191.61) remained unchanged despite the notable daily turnover of BGN 2.26m. The daily gainer within SOFIX area, Sopharma (SFA, BGN 6.14, +1.32%), jumped without significant volume while Chimimport (CHIM, BGN 0.68, -2.86%) and Doverie United Holding (DUH, BGN 8.48, -2.30%) suffered from a huge selling pressure.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 April 2024
SOFIX (807.70, +0.03%) barely survived on positive territory as First Investment Bank (FIB, BGN 2.56, +4.92%), Holding Varna (HVAR, BGN 45.00, +2.27%) and Advance Terrafund (ATER, BGN 3.40, +1.80%) fully offset тхе drops of M+S Hydraulic (MSH, BGN 10.40, -6.31%), Sirma Group (SGH, BGN 0.73, -2.67%) and Bulgarian Real Estate Fund (BREF, BGN 2.52, -2.33%). Institutional investors stayед away from trading and daily turnover decreased to 40% of the average one YTD.
- 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
Weekly bulletin - 26 February - 1 March 2024
The trading activity was poor last week on BSE and the broad indexes settled almost unchanged – BGBX40 (162.87, +0.4%) and BGTR30 (809.22, 0.0%). SOFIX (793.16) took some advantage from the weekly gainers Bulgarian Stock Exchange (BSE, BGN 15.60, +9.10%) and Sopharma (SFA, BGN 6.36, 5.30%) and outperformed by 1.0%. The advance-decline line favored decliners by a 13 to 11 margin in our watchlist, while the weekly volumes declines by 32% compared to the YtD average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 5 March 2024
All indexes closed positive before the holidays. SOFIX (793.16, +0.60%) moved North on the wings of Neochim (NEOH, BGN 22.00, +4.27%), Sopharma (SFA, BGN 6.36, +3.25%), Sopharma Trading (SFT, BGN 5.80, +3.57%) and First Investment Bank (FIB, BGN 2.86, +2.14%). Shelly (SLYG, BGN 58.60, -1.01%) and Elana Agrocredit (EAC, BGN 1.07, -0.93%) weighed on the main index but positive sentiment prevailed the sellers on Friday.
- 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 - 20 February 2024
All major indexes on Bulgarian stock exchange finished in negative territory reflecting minor volume trades in widened Bid/Ask spreads. SOFIX (781.73) slipped 0.46% and ultimately finished on the level from the beginning of the month as the decliners led by 4-to-1 margin. A single trade with less traded name Galata Investment (GTH, BGN 2.50, 0.00%) impacted daily turnover the most, which otherwise remained weak and far below the 15-day average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 05 February - 09 February 2024
The Bulgarian stock market ended the week mixed on Friday, as the local benchmark SOFIX added 0.1% to settle at 781.02, while the broad ones BGBX40 (161.99, +0.5%) and BGTR30 (802.18, -0.5%) ended in opposite directions. The weekly top performer within our list of selected companies was First Investment Bank (FIB, BGN 2.68, +11.7%), followed by Telematic Interactive (TIB, BGN 15.20, +10.1%) and Stara Planina Hold (SPH, BGN 10.80,+5.9%). On the red side the list started with Alcomet (ALCM, BGN 6...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 9 February 2024
BSE indexes closed almost flat on Thursday with the exception of BGREIT (189.13), which lost 0.54% thanks to drop in Bulgarian Real Estate Fund (BREF, BGN 2.56, -1.54%). The benchmark SOFIX (781.32) lost 0.07% in a weak trade and lack of investors’ appetite. The daily gainer within the index was Neochim (NEOH, BGN 23.30, +6.88%), while First Investment Bank (FIB, BGN 2.76, -3.50%) lost the most.
- 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 January 2024
The market saw a mixed action on the final day of the week on large-cap base, but the heavy member Shelly Group (SLYG, BGN 57.60, +4.35%) impacted all major indexes and they finished with positive bias. SOFIX (787.72) advanced the most by 0.72% as the rest of the members changed little on slightly below 15 days average volume. Less traded names like Rodna Zemya (HRZ, BGN 3.02, 0.00%) and Velgraf Asset Management (VAM, BGN 4.64, 0.00%) continued to contribute to daily turnover statistic with bloc...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 2 January - 5 January 2024
All major indexes advanced modestly last week with the exception of BGREIT (192.94, +1.4%), which advanced the most, reflecting the impressive performance of the index member Bulgarian Real Estate Fund (BREF, BGN 2.60, +7.4%). The local benchmark SOFIX added 0.2% to settle at 766.84 as the broad ones - BGBX40 (158.18, 0.2%) and BGTR30 (799.52, +0.0%) finished similar. A total of 14 out of 29 names in our universe finished on green territory last week, 9 weighted on the red side, 6 remained uncha...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 8 January 2024
The Bulgarian equity market closed a choppy session on Friday based on benchmark index members trading and led the major indexes to the positive side. SOFIX (766.84) registered 0.30% gain, while the broad indexes BGBX40 (158.18) and BGTR30 (799.52) underperformed and marked 0.18% and 0.01% gains, respectively. The volumes remained low compared to 15-day average as Shelly Group (SLYG, BGN 48.40, +0.21%) and Bulgarian Stock exchange (BSE, BGN 12.30, +2.50%) contributed the most to the daily statis...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 11 December - 15 December 2023
Negative sentiment spread over last week and all local indexes finished the week negative. The weekly turnover (BGN 60m) increased more than 4 times compared to the average one YTD but most of it was concentrated in few names. Despite the absence of corporate news Bulgarian Stock Exchange (BSE, BGN 11.85, +6.8%) and First Investment Bank (FIB, BGN 2.98, +5.7%) lead weekly gainers on the ground of moderate weekly turnover while the weekly loser Stara Planina Hold (SPH, BGN 9.70, -5.8%) dropped wi...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 14 December 2023
The Bulgarian equity market was positive on Wednesday and all major indexes advanced on narrow base. SOFIX (759.17) advanced 0.48% driven by Bulgarian Stock Exchange (BSE, BGN 11.30, +2.73%) and M+S Hydraulic (MSH, BGN 11.60, +3.57%), which became a daily movers. Volumes improved compared to previous session and exceeded the 15-days average as Sopharma (SFA, BGN 6.04, -0.33%) kept the leading position with series of buyback procedures.
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