reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 November 2024
The buying power weakened and the Bulgarian equity market shortly shifted into earlier defined mid-term downtrend as investors took the opportunity to go cash. The late hour trades with Shelly Group (SLYG, EUR 34.40, +0.29%) disguised the 5.24% drop during the session, caused by aggressive sell-offs and minimized the losses of major indexes on Thursday. The negative bias from Chimimport (CHIM, BGN 0.70, -2.10%) and Sirma Group (SGH, BGN 1.02, -2.86%) reflected on SOFIX (852.07, - 0.27%) and the ...
- 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 - 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
Weekly bulletin - 27 May - 31 May 2024
Bulgarian stock market stumbled a bit last week, while the global markets also suffered pullbacks and volatility. The leading local index SOFIX lost 0.1% to close at 865.39, as the broad ones – BGBX40 (172.03, -0.2%), BGTR30 (852.38, -0.9%) performed a little bit worse. The top gainer within our list of selected companies was the SOFIX member First Investment Bank (FIB, BGN 4.56, +8.6%), followed by Trace Group Hold (T57, BGN 4.90, +7.5%). Agricultural Agria Group Holding (AGH, BGN 20.40, -7.0%)...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 May 2024
The Wednesday’s session was mixed under the index surface, which ultimately settled on the slight negative territory as the exception was BGREIT (191.05, +0.24%) supported by the recovery of the price from the previous session of Advance Terrafund (ATER, BGN 3.39, +1.19%). SOFIX (866.59, -0.03%) had a lackluster showing, spending most of the trading day right around its flat line as the advance-decline line was in equilibrium within the index. The turnover was closer to 3-months average compared...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 May 2024
The Bulgarian equity market exhibited mixed action on Tuesday as there wasn’t a lot of conviction from buyers or sellers. SOFIX (866.82, +0.04%) closed almost unchanged despite the choppy price action of Advance Terrafund (ATER, BGN 3.35, -0.89%), First Investment Bank (FIB, BGN 4.36, -3.96%) and Bulgarian Stock Exchange (BSE, BGN 14.50, -2.03%) as the heaviest member Sopharma (SFA, BGN 6.18, +2.66%) built some gains during the session and balanced on the opposite side. Poor activity outside the...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 February 2024
Mixed trading session fixed SOFIX (784.03, +0.08%) and BGREIT (191.49, +0.26%) positive while BGBX40 (161.66, -0.11%) and BGTR30 (805.07, -0.01%) closed negative on Wednesday. First Investment Bank (FIB, BGN 2.84, +3.65%), BSE (BSE, BGN 15.35, +2.68%) and Chimimport (CHIM, BGN 0.72, +2.27%) led the daily gainers on the ground of moderate daily volume. The negative impact on SOFIX came from M+S Hydraulic (MSH, BGN 10.30, -1.90%) and Neochim (NEOH, BGN 21.10, -1.86%).
- 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 - 28 June 2023
It was a volatile session as more aggressive sellers took actions for names like Eurohold (EUBG, BGN 1.75, -6.42%), Chimimport (CHIM, BGN 0.716, -2.19%) and Zarneni hrani (ZHBG, BGN 0.124, -10.79%), while some buy back procedures balanced on the opposite side – Sirma Group (SGH, BGN 0.70, +6.06%) and Gradus (GR6, BGN 1.50, +3.45%), resulting in a mixed outcome for major indexes on Tuesday. SOFIX (670.14) declined 0.82% as the decliners prevailed over advancers by 6-to-5 margin, while the broad i...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 May 2023
Stocks touched record highs on Tuesday’s opening, but the bullish sentiment was stifled around and left the Bulgarian market little changed. The major indexes finished the session mixed, settling in the higher half of their trading ranges. SOFIX (661.82) increased 0.81%, overcoming the previous day 0.08% decline as the investors looked for some profit taking actions. Allterco (A4L, BGN 25.90) continued to lead the gainers with fresh 4.02% increase. Doverie (DUH, BGN 8.66, +1.64%) also supported ...
- 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 - 2 May 2023
The Bulgarian stock market finished the last trading day of the month on a positive note, balancing after the mixed financial data for Q1. The Friday’s actions pushed SOFIX (607.01, +0.52%) up and erased the previous day losses, but it was unable to maintain a posture by the close of the session and the benchmark index ended only above its 200-MA. The daily movers were Gradus (GR6, BGN 1.50, +3.45%), First Investment Bank (FIB, BGN 2.10, +3.96%) and Doverie (DUH, BGN 7.62, +2.70%) within the mai...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 March 2023
The new week started on an upbeat note after the weekend went by without additional worrisome news around Eurohold Bulgaria (EUBG, BGN 1.45, +3.57%). SOFIX (604.98) increased 0.61% on Monday and closed at its 200-day MA additionally supported by Neochim (NEOH, BGN 39.00, +2.09%), which consecutive operational issue with the nitric acid workshop was solved after the market close on Friday. Despite the calming of the banking crisis around the world, the Bulgarian financial sector, represented by C...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 13 March - 17 March 2023
The pressure on the banking sector was front and centre last week, taking the global markets on a roller-coaster ride with emerging concerns about the future impact of the US banks failures and the continuing problems with Credit Suisse in Europe. Bulgarian stock market followed the negative investor`s sentiment and ended the week lower. The local benchmark SOFIX decreased by 4.1% to settle at 606.59, followed by the broad BGBX40 (139.99) and BGTR30 (722.43) with 2.6% and 2.0% drop respectively....
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 March 2023
Some remaining pressure on the bank stocks was registered on Thursday but in general the Bulgarian market rebounded and all major indexes registered positive moves. Agria Group (AGH, BGN 24.00) took some fresh air after midterm downtrend, rising 3.45% and led the gainers in this session, followed by Doverie United Holding (DUH, BGN 7.94, +2.32%) and Dronamics Capital (DRON, BGN 2.90, +2.11%). The volumes, on the other hand, slipped significantly as near one third of the indexes’ members remained...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 6 March 2023
The Bulgarian market opened on a mixed note as the Q4 consolidated financial data defined the moves. SOFIX (624.35) advanced by 0.37% supported by Sopharma (SFA, BGN 5.20, +2.97%) and M+S Hydraulic (MSH, BGN 9.40, +2.17%), which gained ground on the back of small trades. The announced loss of BGN 4.75 per share in latest financials of Sirma Group (SGH, BGN 0.635) activated the sellers and the group registered 2.31% decline and along with Telematic (TBS, BGN 14.60, -2.01%) and Neochim (NEOH, BGN ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 21 November 2022
All indexes rebounded on Friday, following the positive sentiment of world stock markets. SOFIX (593.22, +0.74%) increased the most mainly supported by the financials. Central Cooperative Bank (CCB, BGN 1.66, +3.11%) and Chimimport (CHIM, BGN 0.774, +2.93%) led the gainers, while Hydraulic Elements and Systems (HES, BGN 6.15) and the poultry producer Gradus (GR6, BGN 1.32) opposed with 3.15% and 2.94% losses, respectively. The volumes remained poor as only few members exceeded the average 3-mont...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 August 2022
All major indexes moved lower throughout the session on Monday, pressed down by poor liquidity and negative sentiment of the global markets. The leading local index SOFIX (610.75) decreased by 0.61%, followed by the broad BGBX40 (141.76) and BGTR30 (738.84) with 0.06% and 0.04% declines, respectively. The real estate sector index BGREIT (183.38) also slipped by 0.51% mostly pushed down by the drop of Bulgarian Real Estate Fund (BREF, BGN 2.34, -2.50%). 5 more members of the benchmark index regis...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 June 2022
The major indexes did not move a lot in either direction on Monday as SOFIX (613.67) retreated 0.10% with 6 losers versus 5 gainers out of 15 members. The production sector weighed the most on the indexes in this session, represented by Stara Planina Hold (SPH, BGN 9.50, -5.00%) and M+S Hydraulic (MSH, BGN 9.10, -2.15%), while financials moved higher led by the Chimimport (CHIM, BGN 0.94, +5.62%). The daily volume of the benchmark index also remained unchanged and below the 15-days average.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 May 2022
SOFIX (612.92) retreated 0.11% in late hours on Monday and finished a step below its best mark of the day, close to its 50-days MA. Sopharma Trading (SFT, BGN 5.10) balanced the negative outcome of the 5 out of 15 benchmark members by its 12.33% gain as the positive financial data for 1Q was announced during the session. The increased volumes of Agria Group (AGH, BGN 30.00, 0.00%) and Eleven Capital (11C, BGN 18.00, -0.55%) contributed to the daily turnover, which remained below the 3-months ave...
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