reports
- 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 - 5 September 2024
The profit taking actions were driving Wednesday’s sell-offs on BSE, which settled the main indexes on negative territory in range between -0.80% and -0.96%. Shortly mentioned in previous sessions Central Cooperative Bank (CCB, BGN 1.65, -4.07%), M+S Hydraulic (MSH, BGN 9.40, -5.53%) and First Investment Bank (FIB, BGN 5.00, -3.85%) as daily gainers took the opposite direction and led the laggards in this trading session. Along with the upcoming celebrations of 139-years of Bulgarian Unification...
- 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 - 29 August 2024
The Bulgarian equity market showed weakness on Wednesday, though the major indexes settled mixed, reflecting the gains in the real estate sector and the outsized impact of M+S Hydraulic’s (MSH, BGN 9.70, +7.78%) single trade. The selling pressure on both, Chimimport (CHIM, BGN 0.775, -3.13%) and First Investment Bank (FIB, BGN 5.05, -3.81%), continued in this trading day and left SOFIX (865.97, +0.13%) on a tick higher than previous session. Volume was still below-average within the benchmark, w...
- 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 - 11 July 2024
Positive vibes from the banking sector and released financial results in tech-related names impacted the otherwise calm Bulgarian market on Tuesday. SOFIX (860.94) rebounded further and advanced 0.61%, following Central Cooperative Bank’s (CCB, BGN 1.62, +3.18%) and Shelly Group’s (SLYG, BGN 72.00, +1.98%) gains. The broad indexes BGBX40 (169.16, +0.35%) and BGTR30 (855.52, +0.22%) underperformed the benchmark as Eleven Capital (11C, BGN 18.00, -2.70%) and Bianor Holding (BNR, BGN 6.10, -3.17%) ...
- 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
Weekly bulletin - 13 May - 17 May 2024
The enthusiasm on the Bulgarian market continued during the past week, as all major indexes advanced and investors kept the positive sentiment in some particular positions. The local benchmark SOFIX added 2.1% to settle at 855.96 – new 15-years record high, reflecting good performance of some of the index members like members First Investment Bank (FIB, BGN 4.36, +12.4%) and Agria Group Holding (AGH, BGN 23.00, +12.7%). Other major indexes also finished on the positive side, on the ground of mod...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 May 2024
SOFIX (855.96) closed at a new 15-years record high with 0.77% gain on Friday, while the broad indexes underperformed the benchmark but also settled on the positive side – BGBX40 (171.12, +0.74%) and BGTR30 (857.79, +0.59%). Friday’s price action followed the positive sentiment from previous sessions and aside from the financial sector, represented by Doverie (DUH, BGN 9.10, +2.71%) and Chimimport (CHIM, BGN 0.735, +2.08%), which lately lead the major indexes, the high tech sector – Sirma Group ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 May 2024
The major indexes returned into record territory on Thursday, almost recovering previous day losses. SOFIX (849.40) was up 0.37%, a thick below its 15-years high, although the participants were lacking conviction as only the late hour trades defined the positive outcome. BGTR30 (852.78) outperformed with 0.52% gain while BGBX40 (169.87) showed a 0.35% increase, despite the additionally support by Eleven Capital (11C, BGN 16.70, +7.05%) and Alcomet (ALCM, BGN 7.40, +7.25%). The volumes surged sig...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 29 April - 3 May 2024
The Bulgarian stock market recorded a negative week, shortened by Easter holidays, as investors were still trying to digest the corporate earnings data for the first quarter of the year. The leading local index SOFIX lost 0.4% to close at 813.54, as the broad ones – BGBX40 (165.38, -0.2%), BGTR30 (817.64, -0.4%) performed similar. The weekly top performer within our selected companies was Korado Bulgaria (KGB, BGN 4.60, +8.0%), followed by Speedy (SPDY, BGN 150.00, +3.4%), while on the red side ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 April 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%...
- 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
Weekly bulletin - 29 January - 02 February 2024
Few companies from the industrial sector registered significant increase last week and led weekly gainers. Industrial Holding (IHB, BGN 1.90, +12.4%), Industrial Capital Holding (HIKA, BGN 3.06, +4.8%) and M+S Hydraulic (MSH, BGN 11.20, +2.8%). The Banking sector weighted on the market and all local indexes closed on the negative territory. Rumors about First Investment Bank (FIB, BGN 2.40, -26.4%) pushed the bank’s shares down followed by Central Cooperative Bank (CCB, BGN 1.53, -5.0%). SOFIX...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 February 2024
Opposite moves of index members fixed SOFIX at 786.68 (-0.13%). The jumps of Neochim (NEOH, BGN 23.60, +6.79%), Doverie (DUH, BGN 8.94, +2.05%) and BSE (BSE, BGN 14.15, +1.07%) partly offset the drops of First Investment Bank (FIB, BGN 3.12, -5.45%), Chimimport (CHIM, BGN 0.734, -3.42%) and M+S Hydraulic (MSH, BGN 10.80, -0.92%). Consolidation around current market levels continued and all other local indexes finished the day almost unchanged.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 18 December - 22 December 2023
The BSE indexes remained flat last trading week, as the benchmark SOFIX (740.97, -0.6%) was the only one that ended on the red side. Rising stocks outnumbered the declining ones in our list of selected companies by 14 to 8, while 7 ended unchanged. The best performers were Gradus (GR6, BGN 1.50, +7.1%), Shelly Group (SLYG, BGN 46.00, +5.0%) and Alcomet (ALCM, BGN 7.30, +4.3%), while M+S Hydraulic (MSH, BGN 10.70, -7.8%) and Eurohold Bulgaria (EUBG, BGN 1.39, -6.7%) lost the most. The weekly turn...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 December 2023
Thursday’s session was focused on narrow range of large cap names with two active buyback procedures – Gradus (GR6, BGN 1.50, +3.45%) and Sopharma (SFA, BGN 5.78, -0.69%). The broad indexes took advantage from numerous names, like Eleven Capital (11C, BGN 17.80, +2.89%), Sirma Group (SGH, BGN 0.72, +2.86%) and Stara Planina (SPH, BGN 10.20, +3.55%), while SOFIX (740.77) slipped by 0.20%, following its heavy members Eurohold (EUBG, BGN 1.40, -3.45%) and First Investment Bank (FIB, BGN 2.94, -1.34...
Weekly bulletin - 4 December - 8 December 2023
The local stock market gained some steam last week and ended on a positive note with the exception of extended BGBX40 (156.39, -0.4%). The local benchmark SOFIX added 1.3% to settle at 755.99, while the sector index BGREIT (191.35, +2.4%) advanced the most, reflecting the impressive performance of the index member Bulgarian Real Estate Fund (BREF, BGN 2.50, +5.0%). The weekly top gainer within our list of selected companies was First Investment Bank (FIB, BGN 2.82, +9.3%), followed by Shelly Gr...
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