reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 24 September - 27 September 2024
The Bulgarian stock market ended the week mixed on Friday, as the local benchmark SOFIX lost 0.2% to settle at 855.75, while the broad ones BGBX40 (168.94, +0.4%) and BGTR30 (867.82, +0.1%) ended a notch higher. The advancers equaled the decliners in our list of selected companies 13-to-13, 3 remained neutral. Speedy (SPDY, BGN 210.00, +6.6%) was the top gainer in the list, followed by Neochim (NEOH, BGN 20.20, +5.2%) and Bulgarian stock exchange (BSE, BGN 8.15, +4.5%). SOFIX member First Invest...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 27 September 2024
The Bulgarian equity market dived during the session on Thursday as sizable losses in large-cap names defined the daily outcome for the indexes. First Investment Bank (FIB, BGN 4.18, -5.86%) met some significant selling pressure to BGN 4.00, but slightly improved in late hours and booked only 5.86% drop. Chimimport (CHIM, BGN 0.725, -2.68%), Monbat (MONB, BGN 2.78, -6.08%) and Trace Group (T57, BGN 6.45, -3.73%) weighed additionally, though the volumes were significantly lower than the 3-months ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 16 September - 20 September 2024
The Bulgarian stock market continued the downtrend from the previous weeks with mixed actions and poor turnover. The local benchmark SOFIX lost 1.0% to close at 857.19, as other main indexes – BGBX40 (168.32, -0.6%) and BGREIT (204.38, +0.8%) showed opposite performance. Trace Group Hold (T57, BGN 6.50, +14.0 %) was the top gainer within our list of selected companies, followed by Sopharma Trading (SFT, BGN 5.95, +2.6%) and Bulgarian Real Estate Fund (BREF, BGN 3.36, +0.6%). Declining stocks out...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 September 2024
The Bulgarian equity market closed the first day of the week on a downbeat note with above the 3-months average turnover. The previous days movers Central Cooperative Bank (CCB, BGN 1.64, -3.53%), Bulgarian Stock Exchange (BSE, BGN 7.85, -2.48%) and M+S Hydraulic (MSH, BGN 9.25, -2.63%) continued to impact the major indexes due to tiny Bid/Аsk order book and increased volatility. All major indexes settled on negative territory in range between 0.71% and 0.06% while large-cap names like Sopharma ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulleting - 2 September 2024
The Bulgarian equity market got off to a good start on Friday but some large cap names met selling pressure and the main indexes closed the week and the month mixed. SOFIX (864.77) declined by 0.09%, led by the losses of Central Cooperative Bank (CCB, BGN 1.70, -2.30%) and Shelly Group (SLYG, BGN 35.10, -1.13%) , while the broad indexes deepened even more as Eleven Capital (11C, BGN 16.80, -3.45%) and Stara Planina (SPH, GN 9.50, -3.06%) weighed additionally. Volumes, on the other hand, were low...
- 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
Morning Bulletin - 30 July 2024
Positive start of the week raised SOFIX to 864.29 (+0.24%). Poor liquidity and big bid/ask spreads allowed huge fluctuations without significant daily volume. Shelly Group (SLYG, BGN 37.60, +3.87%) and Chimimport (CHIM, BGN 0.765, +2.00%) rose without corporate news while small speculative trades pushed down Doverie United Holding (DUH, BGN 8.50, -1.85%), Eurohold (EUBG, BGN 1.49, -1.32%) and Sirma Group Holding (SGH, BGN 1.14, -0.87%). Bulgarian Real Estate Fund (BREF, BGN 2.64, +0.76%) offset ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 22 July - 26 July 2024
The Bulgarian stock market ended the week mixed, lacking investor interest in the middle of the summer and trying to digest the outgoing corporate earnings data for the first half of the year. The benchmark SOFIX retreated 0.3% to settle at 862.25, while the broader ones - BGBX40 (169.60, -0.1%), BGTR30 (863.45, +0.6%) performed in opposite directions. The weekly volume (-66.8%) showed weak performance while the turnover (+46.6%) was pushed up by intense trade with bonds and generally illiquid n...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 July 2024
SOFIX (862.25, -0.23%) closed negative on Friday reflecting the drop of M+S Hydraulic (MSH, BGN 10.00, -4.76%), Bulgarian Stock Exchange (BSE, BGN 7.50, -2.60%) and Chimimport (CHIM, BGN 0.75, -1.96%). Speculative trades raised First Investment Bank (FIB, BGN 4.90, +2.51%) while block trades pushed Doverie United Holding (DUH, BGN 8.66, +0.70%). The heavy member Advance Terrafund (ATER, BGN 3.22, -0.31%) and Bulgarian Real Estate Fund (BREF, BGN 2.62, -0.76%) weighed on BGREIT and the index clos...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 26 July 2024
SOFIX (864.25, +0.17%) closed slightly positive despite huge opposite moves of index members on Thursday. Chimimport (CHIM, BGN 0.765, +5.52%), M+S Hydraulic (MCH, BGN 10.50, +3.96%) and First Investment Bank (FIB, BGN 4.78, +1.70%) led the daily gainers while Shelly Group (SLYG, EUR 36.00, -4.51%) and Elana Agrocredit (EAC, BGN 1.08, -0.92%) slumped with moderate daily volume. Advance Terrafund (ATER, BGN 3.23, +0.94%) advanced on the ground of small volume and BGREIT (192.86, +0.18%) closed on...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 July 2024
Speculative trades dominated the trading session on Wednesday. SOFIX (862.82) added 0.22% on the wings of First Investment Bank (FIB, BGN 4.70, +4.44%), Shelly Group (SLYG, BGN 37.70, +1.89%) and Bulgarian Stock Exchange (BSE, BGN 7.70, +1.99%). Chimimport (CHIM, BGN 0.725, -2.03%), Sopharma (SFA, BGN 5.80, -1.69%) and Eurohold (EUBG, BGN 1.50, -0.66) pulled back the main index on the ground of poor daily volume.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 July 2024
SOFIX 857.65 lost 0.16% on Tuesday reflecting the crash of Central Cooperative Bank (CCB, BGN 1.57, -3.68%), M+S Hydraulic (MSH, BGN 9.90, -2.94%) and Eurohold (EUBG, BGN 1.45, -2.03%). Insignificant daily volume raised the value of Sopharma (SFA, BGN 5.88, +1.38%), First Investment Bank (FIB, BGN 4.48, +0.90%) and Chimimport (CHIM, BGN 0.715, +0.70%). BGREIT 191.08 (+0.48%) jumped on the ground of small speculative trades with Sopharma Buildings (SFB, BGN 13.40, +7.20%).
- 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 - 15 July 2024
Poor liquidity and huge opposite moves of index members fixed SOFIX at 863.83 (+0.78%). Eurohold (EUBG, BGN 1.51, +4.14%), Agria Group (AGH, BGN 21.00, +1.94%) and Advance Terrafund (ATER, BGN 3.24, +1.25%) fully offset the negative impact of Sirma Group (SGH, BGN 1.12, -3.45%) and Chimimport (CHIM, BGN 0.705, -2.08%). BGBX40 (169.43, +0.54%) and BGREIT (190.22, +0.41%) also finished the day green while BGTR30 (855.32) remained unchanged.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 10 June - 14 June 2024
The Bulgarian stock market ended the week mixed on Friday, as the local benchmark SOFIX lost 1% to settle at 853.13. The broader BGBX40 (169.48, -0.70%) and BGTR30 (854.30, +0.20%) performed in different directions, while BGREIT (190.42, +1.20%) gained the most. The decliners outnumbered the advancing stocks in our list of selected companies by 15-to-10 as the top performers were SOFIX member Agria Group (AGH, BGN 21.60, +7.5%) and Gradus (GR6, BGN 1.50, +5.6%). On the negative side the list of ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 11 June 2024
The Bulgarian equity market finished the first day of the new week with losses and all main indexes settled on negative territory in range between 0.74% to 0.50%, as BGREIT (188.84) finished with 0.32% gain, supported by Advance Terrafund (ATER, BGN 3.21, +1.58%). Turnaround actions with Eurohold (EUBG, BGN 1.49, -5.10%) and Sirma Group (SGH, BGN 0.92, -3.66%) in this session placed SOFIX (855.63, -0.74%) at the bottom of the chart as selling interest increased with late uptrend of both names. T...
- 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 - 20 May - 23 May 2024
The Bulgarian stock market kept its positive momentum from the recent weeks and managed to end the last one on the green side as investors remained active in some particular positions like Shelly Group (SLYG, BGN 74.80, +3.8%). At the close in Sofia the benchmark SOFIX added 1.2% to settle at 866.45, while the broad ones BGBX40 (172.29, 0.7%) and BGTR30 (859.84, +0.2%) showed more modest increase. The advancers outnumbered the decliners in our list of selected companies by 11-to-10 as the top pe...
- 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 - 13 May 2024
The Bulgarian equity market ticked higher on Friday with major indexes rewriting the record highs they posted previous day. SOFIX (837.99) settled 0.61% higher as the positive sentiment seized more names on broad base, like Agria Group (AGH, BGN 20.40, +3.82%), Albena (ALB, BGN 26.80, +3.08%) and Neochim (NEOH, BGN 19.80, +7.03%). First Investment Bank (FIB, +6.01%) touched BGN 4.04 level but lately retreated to BGN 3.88 while remaining the daily mover within the benchmark. The volumes slipped s...
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