reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 December 2024
The Bulgarian market had another strong showing on Thursday, where SOFIX (879.19) recorded new 16-years high with 1.94% gain. The sharp positive actions of Eurohold (EUBG, BGN 1.85, +9.47%) and First Investment Bank (FIB, BGN 4.06, +4.10%) reflected less on the broad indexes, BGBX40 (170.33, +1.22%) and BGTR30 (856.82, +0.61%), while the real estate sector underperformed and BGREIT (214.21) declined by 0.22%. The volumes improved compared to previous days mainly on block trades with Bulgarian St...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 19 December 2024
The major indexes traded slightly higher on Wednesday, reflecting carryover upside momentum to build on recent gains. Buying efforts continued to move Eurohold (EUBG, BGN 1.69) ahead by fresh 2.42% increase, which in combination with Bulgarian Stock Exchange’s (BSE, BGN 7.95, +1.27%) and First Investment Bank’s (FIB, BGN 3.90, +0.52%) advance led the indexes to positive territory with SOFIX (862.47, +0.29%) on top. The daily volumes improved significantly as close to 32m warrants of Eurohold (EU...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 18 December 2024
Tuesday’s session was impacted by Central Cooperative Bank’s (CCB, BGN 1.68, +5.00%) and Eurohold’s (EUBG, BGN 1.65, +7.84%) jumps, though no fresh news were announced lately for neither name. All major indexes settled on positive territory as SOFIX (859.94) led with 1.33% gain, while the broad indexes BGBX40 (168.00, +0.84%) and BGTR30 (850.17, +0.38%) provided increased turnover compared to average, coming from Galata Invest (GTH, BGN 2.50, +2.45%) and Velgraf Asset Managed (VAM, BGN 4.82, +0....
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 9 December - 13 December 2024
The Bulgarian stock market closed the week lower on Friday, pressured by decreasing investor’s activity and lack of fresh positive sentiment. Leading index SOFIX decreased the most by -0.4% to settle at 843.95, while the extended BGBX40 (166.20) lost -0.3%, BGTR30 (735.72) remained flat. The top gainers within our list of selected companies were Korado Bulgaria (KBG, BGN 4.44, +4.2%) and agricultural Agria Group (AGH, BGN 20.00, +3.4%). SOFIX member Sirma Group Holding (SGH, BGN 0.95, -3.1%) led...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 25 November - 29 November 2024
The Bulgarian stock market managed to end the week slightly lower on Friday, as the benchmark SOFIX (846.60, +0.0%) remained flat, while all other major indexes closed down, ranging from -0.2% to -0.4%. It was another great week for shares of Telematic Interactive (TIB, BGN 20.80, +6.1%), which led the gainers in our list of selected securities, followed by industrial Alcomet (ALCM, BGN 6.80, +4.6%) and Trace Group Hold (T57, BGN 5.65, +2.7%). The decliners led the advancers by 12-to 10, as the ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 December 2024
The major indexes started December with gains while BGREIT (211.60, -0.34%) reflected the negative price actions in the real estate and alone settled with losses. BGBX40 (166.82, +0.44%) reflected the investors’ focus fully with narrower base names included in the daily activity. Bulgarian Stock Exchange (BSE, BGN 8.05, +4.55%), Smart Organic (SO, BGN 21.20, +3.92%) and Telematic Interactive (TIB, BGN 22.20, +6.73%) were among top daily advancers, while Bianor Holding (BNR, BGN 5.15, -5.50%), Pe...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 December 2024
The Bulgarian market was mixed on Friday but a narrow range of names registered significant deviations in otherwise quiet session. The major indexes settled with losses as SOFIX (846.60, -0.20%) erased part of previous day gain, following the negative price actions in Agria Group (AGH, BGN 19.70, -2.48%) and First Investment Bank (FIB, BGN 3.80, -4.04%), while the BGBX40 (166.09, -0.13%) and BGTR30 (850.17, -0.03%) performed slightly better, supported by Petrol (PET, BGN 0.89, +23.61%) and Sirma...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 November 2024
Thursday’s trade was mixed with investors more on the sell side taking some profits at the end of the year. The decliners led the advancers roughly by 5-to-4 margin on Bulgarian Stock Exchange, though the daily movers Eurohold (EUBG, BGN 1.48, +2.07%) and Bianor (BNR, BGN 5.35, -3.60%) settled SOFIX (848.27) with 0.70% gain supported by the positive price actions with the heavy member Shelly Group (SLYG, BGN 34.40, +3.61%). Volumes improved on a broad base though the turnover of the benchmark in...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 18 November - 22 November 2024
The Bulgarian stock market finished the last trading week on a negative note, despite the improving global markets’ sentiment. The benchmark SOFIX retreated -0.8% to settle at 846.41, as the broad one- BGBX40 (166.48, -0.7%) performed similar. The sector index BGREIT (212.82, +0.0%) and BGTR30 (853.52, -0.1%) remained flat. Gradus (GR6, BGN 1.08, +8.0%) led the list of gainers within our list of selected companies, followed by the SOFIX members Agria Group (AGH, BGN 20.40, +3.8%) and Chimimport ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 November 2024
The Bulgarian equity market closed the week lower, erasing all gains registered during the week. The negative price actions with heavy members like Sopharma (SFA, BGN 5.60, -2.78%), Doverie (DUH, BGN 8.00, -2.68%) and Shelly (SLYG, EUR 34.00, -1.16%) defined the daily performance and the major indexes booked losses. The moving average of SOFIX (846.41) continued to narrow the range as the benchmark index closed 0.66% lower, followed by the broad indexes BGBX40 (166.48, -0.39%). The daily turnove...
- 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 - 21 November 2024
The Bulgarian equity market had a strong showing in the middle of the week and all major indexes settled with gains in range between 0.25% and 1.03%. The participants in the improvement were in narrow range but from different sectors and basically the effect came from small trades with Doverie (DUH, BGN 8.22, +2.75%), Speedy (SPDY, BGN 216.00, +8.00%) and Sirma Group (SGH, BGN 1.05, +2.94%). Renewed buying interest appeared in Agria (AGH, BGN 20.10, +2.55%) and Neochim (NEOH, BGN 28.20, +9.30%) ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 November 2024
The Bulgarian equity market had a cautious session and the main indexes split up on both sides of the surface. SOFIX (846.34, -0.57%) plunged more, nearing the 200-MA as the pharmaceutical sector, represented by Sopharma (SFA, BGN 5.60, -2.78%), met some negative price actions as the bid side order book weakened significantly after the ex-dividend date. BGBX40 (165.67, -0.81%) declined the most as Speedy (SPDY, BGN 200.00, -7.41%) weighted additionally on the broad index. The volumes remained fa...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 11 November - 15 November 2024
This past week, Bulgarian stock market gave back some of the modest gains from the previous ones. The local Benchmark SOFIX lost 0.7% to settle at 853.51, as all the other major indexes closed down, ranging from 0.8% to 0.3%. For a second consecutive week the manufacturer of fertilizers and nitrogen compounds Neochim (NEOH, BGN 29.00, +11.5%) led the list of gainers in our list of selected securities, followed by Telematic Interactive (TIB, BGN 22.40, +3.7%) and Central Cooperative Bank (CCB, BG...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 13 November 2024
Big opposite moves of index members fixed SOFIX (857.06, +0.20%) slightly positive. The absence of news and the poor liquidity ruled the trading session on Tuesday and Sirma Group Holding (SGH, BGN 1.02, -2.86%), First Investment Bank (FIB, BGN 3.92, -2.00%) and Elana Agrocredit (EAC, BGN 1.07, -0.93%) lost altitude while the heavy members Shelly Group (SLYG, EUR 35.50, +1.43%) and Sopharma (SFA, BGN 5.80, +1.05%) fully offset the negative impact on the main index. Speculative trades weighed on ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 October 2024
The Bulgarian equity market had a mixed showing on Wednesday, though ultimately the main indexes were up in range from 0.39% to 0.74%. SOFIX (841.39, +0.40%) rebounded from its 200-day MA mainly supported by First Investment Bank (FIB, BGN 3.66, +5.17%) recovery after the announcement of Q3 financial data, which couldn’t reach the previous year results for the same period on the other hand. BGREIT (211.42) was the exception, following the pull back of the real estate sector and settled 0.41% low...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 October 2024
For a second consecutive trading day SOFIX (838.02, -0.57%) lost altitude under the selling pressure on most heavy members. First Investment Bank (FIB, BGN 3.48, -7.45%), Agria (AGH, BGN 19.20, -2.04%) and Elana Agrocredit (EAC, BGN 1.06, -1.85%) weighed on the main index. Sirma Group Holding (SGH, BGN 1.05, -0.94%) and Shelly (SLYG, EUR 32.90, -0.60%) confirmed their negative trend from the last weeks and huge selling pressure lowered both names on Tuesday.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 21 October - 28 October 2024
The lack of investors’ enthusiasm and the negative trend on the Bulgarian stock market became more visible during the past week and all major indexes finished with losses. The local benchmark SOFIX decreased by 0.8% to settle at 847.18, while the broad ones – BGBX40 (167.02, -1.6%) and BGTR30 (853.24, -1.8%) performed worse. Speedy (SPDY, BGN 224.00, +3.7%) led the list of gainers within our list of selected companies, followed by the SOFIX members Sirma Group Holding (SGH, BGN 1.08, +1.9%) and ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 October 2024
SOFIX (847.18, +0.12%) confirmed the tied range from the last 6 months /860 – 830/ and small daily fluctuations with poor liquidity fixed the main index almost unchanged. Most institutional investors stood away from trading as Q3-2024 financial results are to be released in the next few days and trading was dominated by retail investors. Small daily volumes with Agria (AGH, BGN 19.60, +1.55%), Sirma Group Holding (SGH, BGN 1.08, +1.89%) and Doverie United Holding (DUH, BGN 8.00, +1.01%) fully of...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 October 2024
The Bulgarian equity market faced some selling pressure on Monday and settled all main indexes with losses in range between 1.11% to 0.69%. Downside bias was the result of widened Bid/Ask spreads for Bulgarian Real Estate Fund (BREF, BGN 3.84, -3.03%) and Chimimport (CHIM, BGN 0.705, -2.76%) and aggressive sellers of First Investment Bank (FIB, BGN 3.82, -4.98%) and Shelly Group (SLYG, EUR 33.50, -2.05%). The volumes slipped even more compared to previous trading sessions and remained below the ...
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