reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 16 March - 20 March 2026
The Bulgarian stock market continued its downward trajectory over the past week, with all major indices closing firmly in negative territory. The benchmark SOFIX index declined by 3.2%, ending the week at 1 210.32 points. Broader indices followed a similar trend: the BGBX40 fell by 2.6% to 208.17 points, while the equally weighted BGTR30 index dropped 2.2%, finishing at 1 025.31 points. The sector-specific BGREIT index proved relatively more resilient, slipping by a modest 1.4% to 226.68 points....
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 March 2025
SOFIX (1 211.64, +0.11%) started the week almost unchanged as huge bid-ask spreads were the prerequisite for the daily fluctuations. Doverie United Holding (DUH, EUR 5.80, -3.97%) and Wiser (WISR, EUR 2.02, -3.81%) weighed on the main index while support came from Shelly (SLYG, EUR 52.00, +1.96%) and Eurohold (EUBG, EUR 1.06, +2.91%). BGREIT (225.56) lost 0.49% on Monday reflecting the drop of Sopharma Buildings (SFB, EUR 10.00, -3.85%) and Advance Terrafund (ATER, EUR 1.36, -1.09%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 March 2026
Quite opposite move of SOFIX (1 210.32, 0.00%) members fixed the main index unchanged on Friday. The jump of Sirma Group Holding (SIRM, EUR 0.915, +3.39%), First Investment Bank (FIB, EUR 3.16, +2.27%) and Sopharma (SFA, EUR 1.715, +2.08%) fully offset the drop of Eurohold (EUBG, EUR 1.03, -6.36%) and Wiser (WISR, EUR, 2.10, -1.87%). The trading session was highlighted by the transfer of 100.8m shares of Gradus (GR6, EUR 0.55, +27.91%) representing 40.9% of the company. BGBX40 (208.17, +0.46%) c...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 March 2026
The Bulgarian equity market extended the previous session’s weakness, although late-session buying helped the major indices break a five-day losing streak. SOFIX (1 210.32, +0.24%) edged higher, supported primarily by a strong rebound in Shelly Group (SLYG, EUR 50.20, +7.73%), which was at the center of Thursday’s trading activity. On the broader market, Gradus (GR6, EUR 0.43, +4.88%), Speedy (SPDY, EUR 84.50, +4.32%), and Agria Group (AGH, EUR 5.00, +2.04%) posted gains, although these moves we...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 19 March 2026
The Bulgarian equity market experienced a volatile session, with the technology sector leading the decliners. SOFIX (1 207.40, -0.49%) extended its medium-term downtrend, slipping below its 100-day moving average. Gains in Bulgarian Real Estate Fund (BREF, EUR 2.50, +2.46%), Eurohold (EUBG, EUR 1.10, +5.77%), and Neochim (NEOH, EUR 14.00, +8.53%) helped limit the downside. However, continued weakness in Shelly Group (SLYG, EUR 46.60, -8.27%) weighed heavily on the benchmark. At the same time, So...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 18 March 2026
Bloody red start of the week fixed all local indexes in the red zone on Monday. SOFIX (1 213.38, -1.47%) dropped the most, followed by BGBX40 (207.96, -1.34%), BGTR30 (1 032.06, -0.72%) and BGREIT (227.20, -0.16%) Huge selling pressure weighted on daily losers Shelly (SLYG, EUR 50.80, -9.29%), First Investment Bank (FIB, EUR 3.10, -4.02%), Sirma Group Holding (SIRM, EUR 0.95, -4.04%) and Chimimport (CHIM, EUR 0.444, -3.06%). Wiser (WISR, EUR 2.30, +3.60%) and Central Cooperative Bank (CCB, EUR 1...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 March 2026
The negative trend extended into the first trading day of the week, with all major indices posting notable losses. SOFIX (1 231.46, -1.49%) underperformed, as eleven of its fifteen constituents closed lower. The decline was led by Doverie United Holding (DUH, EUR 5.94, -3.57%) and Sirma Group (SIRM, EUR 0.99, -3.88%), both of which slipped below key psychological support levels of EUR 6.00 and EUR 1.00, respectively, adding to the negative sentiment. On the broader market, limited positive price...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 March 2026
SOFIX (1 250.14, -1.52%) declined sharply on Friday amid heightened geopolitical concerns and their potential economic implications. The broader indices followed the downward move - BGBX40 (213.81, -1.32%) and BGTR30 (1 048.42, -0.95%). Selling pressure was most visible among benchmark constituents, where Central Cooperative Bank (CCB, EUR 1.76, -4.35%) and Chimimport (CHIM, EUR 0.458, -4.98%) led the decliners. Additional weakness came from Shelly Group (SLYG, EUR 56.60, -3.41%), Doverie United...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 13 March 2026
Thursday’s session was choppy, with balanced light-volume trading shaping the day’s outcome. The main indices finished mixed, as SOFIX (1 269.49, -0.62%) and BGTR30 (1 058.49, -0.23%) ended in negative territory, while BGBX40 (216.66, +0.04%) and BGREIT (230.31, +0.26%) posted marginal gains. Beneath the surface, Wiser Technologies (WISR, EUR 2.24, -3.45%), Bulgarian Real Estate Fund (BREF, EUR 2.52, -2.33%), and Elana Agrocredit (EAC, EUR 0.535, -2.73%) led the decliners with relatively sharp l...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 12 March 2026
The Bulgarian equity market recorded a positive session on Wednesday, with all major indices posting gains. Direction was largely driven by retail activity, as widened bid/ask spreads in recent choppy sessions allowed smaller orders to move prices more easily. Among the benchmark constituents, First Investment Bank (FIB, EUR 3.36, +3.38%), Shelly Group (SLYG, EUR 59.40, +2.77%), and Doverie United Holding (DUH, EUR 6.54, +2.19%) led the advance, pushing SOFIX (1 277.47, +0.70%) to the top of the...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 11 March 2026
Trading activity weakened on Tuesday, with only a few index constituents registering volumes above the three-month average. SOFIX (1 268.58, -0.27%) edged lower, largely due to the decline in heavyweight Shelly Group (SLYG, EUR 57.80, -1.70%), which weighed on the benchmark. On the broader market, Speedy (SPDY, EUR 88.00, -3.30%) and Telelink Business Services (TBS, EUR 5.45, -6.84%) led the declines, pushing BGBX40 (215.58, -0.55%) lower for the session. Overall, the subdued trading activity me...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 10 March 2026
The main indices finished mixed and largely flat at the start of the week, although significant volatility was observed beneath the surface, accompanied by noticeably higher trading volumes, particularly among benchmark constituents. SOFIX (1 272.00, +0.06%) opened the session under pressure as First Investment Bank (FIB, EUR 3.14, -7.10%) and Wiser Technologies (WISR, EUR 2.28, -1.72%) weighed on the index. Later in the session, however, buying interest helped recover part of the early losses. ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 9 March 2026
The Bulgarian equities posted a modest rebound on Friday, with the broad BGTR30 (1 059.70, +0.36%) leading the gains, followed by BGBX40 (217.57, +0.20%) and SOFIX (1 271.26, +0.14%). The session marked the first positive close for the indices after nearly two weeks of consecutive declines. Among individual names, Wiser Technologies (WISR, EUR 2.32, +12.62%) and Gradus (GR6, EUR 0.46, +15.00%) stood out as the session’s top performers. However, widened bid/ask spreads continued to allow market p...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 6 March 2026
The Bulgarian equity market finished mostly lower on Thursday as global concerns over rising oil prices continued to weigh on investor sentiment. Despite this backdrop, Shelly Group (SLYG, EUR 58.80, +4.26%) and Sirma Group (SIRM, EUR 1.04, +0.97%) managed to recover part of the losses recorded in the previous session. However, broader market pressure persisted, led by Wiser Technologies (WISR, EUR 2.06, -8.04%), which extended its decline, followed by First Investment Bank (FIB, EUR 3.30, -4.62...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 5 March 2026
Another negative session unfolded on Wednesday, marked by pronounced sell-offs in the technology sector that spilled over across the broader market. SOFIX (1 274.54) declined by 1.48%, while the broader indices also moved lower, with BGBX40 (217.77, -1.22%) and BGTR30 (1 063.22, -1.09%) following the downward trend. The negative bias was driven by aggressive sell orders in Sirma Group (SIRM, EUR 1.03, -10.43%), Wiser Technologies (WISR, EUR 2.24, -6.67%) and Shelly Group (SLYG, EUR 56.40, -2.42%...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 March 2026
The Bulgarian equity market experienced heightened volatility during the first trading session of the shortened week surrounding Liberation Day of Bulgaria. Investor sentiment was mixed as market participants reacted to escalating geopolitical tensions related to Iran and the broader implications of the conflict. Aggressive selling pressure emerged in names such as Wiser Technology (WISR, EUR 2.40, -4.00%), Eurohold Bulgaria (EUBG, EUR 1.06, -3.64%), and Shelly Group (SLYG, EUR 57.80, -2.36%). A...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 March 2026
The equities market reflected the prevailing weekly sentiment, with Friday’s session extending losses across the main indices in a range between 0.37% and 0.67%. The day’s laggards - Sirma Group Holding (SIRM, EUR 1.14, -8.06%), Chimimport (CHIM, EUR 0.436, -4.80%), First Investment Bank (FIB, EUR 3.38, -2.87%) and Wiser Technology (WISR, EUR 2.50, -2.34%) - weighed on SOFIX, which declined by 0.50% to 1 303.59 points, as the latest financial disclosures failed to trigger a positive market react...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 27 February 2026
The major averages finished mostly lower on Thursday, weighed down by the continued momentum of this week’s sell-off. Sirma Group (SIRM, EUR 1.24, -3.88%) led the declines within the benchmark, while on a broader market basis M+S Hydraulic (MSH, EUR 5.10, -3.77%) and Eleven Capital (11C, EUR 8.60, -2.82%) also featured among the session’s laggards, as aggressive sell orders dominated trading in these names. Trading volumes continued to contract, reflecting investors’ cautious stance amid ongoing...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 26 February 2026
The Bulgarian equity market extended its decline, posting another negative session amid continued selling pressure in the technology and financial sectors. SOFIX (1 319.53) fell by 0.83%, leaving the benchmark 8.7% below its recent 18-year high recorded earlier this year. Within the index, Shelly Group (SLYG, EUR 60.20, -3.22%) and Doverie United Holding (DUH, EUR 6.62, -2.65%) led the laggards. On a broader market basis, weakness was further reinforced by sharp declines in Petrol (PET, EUR 0.32...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 February 2026
SOFIX (1 330.52) declined by 0.84% on Tuesday in another disappointing session, as investors continued to pressure key names ahead of the upcoming release of consolidated financial data. Heavyweight Shelly Group (SLYG, EUR 62.20) reversed part of its recent advance, slipping 4.89% on the day and closing nearly 11% below its all-time high, weighing meaningfully on index performance. Sirma Group (SIRM, EUR 1.29, -0.77%) also finished lower on the Bulgarian Stock Exchange, while the anticipated buy...
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