reports
- 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 - 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 - 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 - 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.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 27 November - 1 December 2023
The Bulgarian stock market ended last week on a somber note, as investors remained cautious with decreasing activity. The leading local index SOFIX lost 0.4% to close at 745.97 as the broad one BGBX40 (156.98, -0.3%) performed similar, while the sector-specific BGREIT (186.87, -0.8%) lost the most. The weekly top performer within our list of selected companies was Industrial Capital Holding (HIKA, BGN 2.80, +7.7%), followed by Telematic Interactive Bulgaria (TIB, BGN 15.00, +5.6%) and Bulgarian ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 November 2023
The Bulgarian equity market closed with losses as the sellers were more active in names like Eurohold (EUBG, BGN 1.59, -6.47%), Alcomet (ALCM, BGN 7.00, -4.79%) and Chimimport (CHIM, BGN 0.63, -2.78%). SOFIX (741.34, -0.99%) declined the most, thus erasing the accumulated gains from last three sessions and continued chasing its 50-day MA. The turnover within the benchmark was close to 3-months average, while the poor interest in broad indexes members left BGBX40 (156.42, -0.62%) and BGTR30 (780....
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 13 November - 17 November 2023
The Bulgarian stock market finished the last trading week on a positive note, balancing after continuing investors’ appetite in some particular positions supported indexes. The local benchmark SOFIX (748.78) was the top gainer with 0.9% rise, reflecting the strong performance of index members Shelly Group (SLYG, BGN 41.90, +2.7%), Bulgarian Real Estate Fund (BREF, BGN 2.34, +2.6%) and Eurohold Bulgaria (EUBG, BGN 1.67, +4.4%). A total of 10 out of 29 names in our universe finished on green terri...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 November 2023
The trading activity was weak on Wednesday with some significant volatility caused by low volume trades outside the benchmark index, like Holding Sofia (HSOF, BGN 3.64, -8.08%) and Alcomet (ALCM, BGN 7.50, -2.60%). SOFIX (748.71) finished on a higher note mainly reflecting the resilience of Sopharma (SFA, BGN 7.20, +1.12%) and Bulgarian Real Estate Fund (BREF, BGN 2.34, +1.74%). The increased number of untraded names allowed retail to dictate the daily outcome for the broad indexes.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 16 October - 20 October 2023
This past week, the local stock market remained under pressure in a turbulent global conditions. At the close in Sofia the benchmark SOFIX lost 1.1% WoW to close at 741.92 as the broad BGBX40 (156.93) performed similar and dropped 0.7%, while the sector index BGREIT 188.77(+0.7%) managed to finish on green. The weekly top performer within our list of selected companies were Bulgarian Stock Exchange (BSE, BGN 10.55, +7.0%), Advance Terrafund (ATER, BGN 3.29, +5.4%) and Telematic Interactive (TIB,...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 19 October 2023
The Bulgarian equity market settled the session on an upbeat note on Wednesday with increased activity. SOFIX added 0.38% to close at 752.53 as the turnover exceeded the 3-months average numbers. The top gainers within the index were M+S Hydraulic (MSH, BGN 11.10, +6.73%), Advance Terrafund (ATER, BGN 3.28, +3.47%) and Fist Investment Bank (FIB, BGN 2.62, +2.34%), while Sopharma (SFA, BGN 6.96, -3.33%) weighed on the opposite side on the first trading day for its new shares. The broader BGBX40 (...
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