reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 22 April - 26 April 2024
All major indexes advanced modestly last week with the exception of BGREIT (190.47, -0.5%), as investors remained focused on the continuing release of the Q1 financial reports. The local benchmark SOFIX added 1.6% to close at 818.59, reflecting the excellent performance of index members like First Investment Bank (FIB, BGN 3.08, +20.3%) and M+S Hydraulic (MSH, BGN 11.90, +10.2%). A total of 12 out of 29 names in our universe finished on green territory, 10 weighted on the red side, 7 remained un...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 April 2024
The Bulgarian equity market declined on the first day of the abrupt short week as all major indexes settled in range between negative 0.60% and negative 0.33%. The equites quickly moved lower facing the profit taking retail in First Investment Bank (FIB, BGN 2.90, -5.84%), Sirma Group (SGH, BGN 0.725, -2.68%) and Neochim (NEOH, BGN 18.80, -3.59%). The downside was short-lived as the participants were limited, which reflected in low volumes and only half of the 3-months average turnover.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 April 2024
The Bulgarian equity market started the final session of the week on higher note, building on gains throughout the week. Reloaded buying interest in First Investment bank (FIB, BGN 3.08, +8.45%) and Shelly Group (SLYG, BGN 68.00, +0.59%) provided a boost to the participants, which led SOFIX (818.59, +0.41%) to new 15-years high. The broad indexes BGTR30 (822.07, +0.31%) and BGBX40 (165.97, +0.31%) underperformed the benchmark indexes with significant part of untraded names and expectations for t...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 26 April 2024
A downbeat trading session on BSE on Thursday as the buying interest weakened and the inventors switched to wait and see mode. The major indexes booked some losses in a range between -0.21% and -0.12% with very poor activity on both sides, which was benchmark based. The names that led the downside in this session were Agria Group (AGH, BGN 18.95, -3.32%), Chimimport (CHIM, BGN 0.68, -2.16%) and First Investment Bank (FIB, BGN 2.84, -2.07%), while Bulgarian Stock Exchange (BSE, BGN 15.50, +2.65%)...
- 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 - 23 April 2024
The Bulgarian equity market met the opposite volatile moves of Monday’s session compared to Friday’s as Chimimport (CHIM, BGN 0.68, -2.86%) and Central Cooperative Bank (CCB, BGN 1.49, -3.25%) erased the gains from previous session, while Zlaten Lev Holding (HLEV, BGN 4.30, +19.44%) and M+S Hydraulic (MSH, BGN 11.10, +2.78%) recovered with the same percentages. The major indexes rebounded, reflecting the continues reactions from positive news of Bulgarian-American Bank’s (BACB, BGN 11.70, +3.54%...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 April 2024
The Bulgarian equity market had a volatile session on Tuesday and finally the major indexes settled in a range between -0.18% and +0.20%. 370K shares of First Investment Bank (FIB, BGN 2.78, +4.51%) were offered in early hours and attracted significant buying interest not only in the name as 6 out 15 names registered volumes much higher than the 3-months average – Doverie United Holding (DUH, BGN 8.22, -2.61%), Shelly Group (SLYG, BGN 68.00, 0.00%). The trading activity was concentrated on the b...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 April 2024
Friday’s session felt similar to other sessions from the previous week with below average volume at BSE as the exception was the registered block trade of Eurohold (EUBG, BGN 1.31, -0.76%) for more than million shares at BGN 1.35. All main indexes finished on negative side as a consequence of lack of conviction from buyers and widened Bid/Ask spreads. Zlaten Lev Holding (HLEV, BGN 3.60, -19.28%), Monbat (MONB, BGN 3.44, -3.37%) and Korado (KBG, BGN 4.28, -2.73%) were the daily laggards, while th...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 19 April 2024
Four index members, out of fifteen, changed their value and SOFIX (807.23, +0.23%) closed positive on Thursday. M+S Hydraulic (MSH, BGN 11.10, +1.83%) and Shelly (SLYG, BGN 67.80, +1.19%) advanced while Chimimport (CHIM, BGN 0.685, -2.14%) and Elana Agrocredit (EAC, BGN 1.09, -0.91%) dropped during the trading session. BGBX40 (164.71) added 0.15%, BGTR30 (815.90) slipped by 0.06% while BGREIT (191.64) remained unchanged.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 8 April - 12 April 2024
It was a positive week for the Bulgarian stock markets, as some particular positions supported indexes, while global stocks moved lower after hotter-than-expected inflation report in US and rising geopolitical concerns. The local benchmark SOFIX (809.86) was the top gainer with 1.4% rise, as other major indexes all closed in green, ranging from 0.6% to 1.0%. Gainers significantly outnumbered the losers in our list of selected securities – 15 to 5, 9 remained unchanged. The top performers were Eu...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 18 April 2024
The financial sector fixed SOFIX at 805.34 (-0.05%) as Chimimport (CHIM, BGN 0.70, +2.94%), First Investment Bank (FIB, BGN 2.52, +1.61%) and Central Cooperative Bank (CCB, BGN 1.50, +1.35%) offset the negative impact on the main index from Doverie United Holding (DUH, BGN 8.38, -1.18%), Shelly (SLYG, BGN 67.00, -0.30%) and Sopharma (SFA, BGN 6.10, -0.33%). The daily turnover of SOFIX significantly decreased to BGN 0.23m compared to the average one of BGN 0.58m.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 17 April 2024
Most local indexes closed negative except BGREIT (191.76, +0.08%) which reflected the North move of Sopharma Buildings (SFB, BGN 15.20, +1.33%). SOFIX (805.73) lost 0.60% as the drops of Eurohold (EUBG, BGN 1.32, -4.35%) and Elana Agrocredit (EAC, BGN 1.09, -1.80%) fully offset the positive move of Sirma Group Holding (SGH, BGN 0.735, +0.68%). Retail investors dominated the trading and daily turnover remained moderate.
- 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 - 15 April 2024
Huge opposite moves of index members fixed SOFIX (809.86, -0.24%) negative on Friday. The drop of First Investment Bank (FIB, BGN 2.52, -6.67%), Doverie United Holding (DUH, BGN 8.68, -2.91%), Central Cooperative Bank (CCB, BGN 1.50, -1.96%) and Sopharma (SFA, BGN 6.06, -1.62%) fully offset the positive moves of Eurohold (EUBG, BGN 1.37, +3.79%) and Advance Terrafund (ATER, BGN 3.40, +0.89%). Daily turnover of the main index remained low and reached BGN 0.61m as institutional investor stayed awa...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 12 April 2024
A green wave mounted SOFIX at (811.83, +0.76%). The daily volume (BGN 0.46m) decreased significantly below the average one YTD as the market was driven by retail investors. Central Cooperative Bank (CCB, BGN 1.53, +3.38%), Sopharma (SFA, BGN 6.16, +2.33%) and Agria (AGH, BGN 19.25, +1.32%) led the daily gainers on the back of poor volume. The only loser within SOFIX area, Bulgarian Real Estate Fund (BREF, BGN 2.56, -0.78%), suffered from speculative trades and closed in the red zone without sign...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 11 April 2024
First Investment Bank (FIB, BGN 2.70, +4.65%), Sirma Group (SGH, BGN 0.73, +3.55%) and Bulgarian Real Estate Fund (BREF, BGN 2.58, +2.38%) lifted SOFIX (805.67, +0.54%) above the psychological level of 800 on Wednesday. The only loser within SOFIX area, Central Cooperative Bank (CCB, BGN 1.48, -1.33%), lost altitude without significant daily volume. All other indexes closed positive but BGBX40 jumped the most and closed at 164.72 (+0.56%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 10 April 2024
The Bulgarian equity market had another mixed showing on Tuesday but all main indexes settled on the positive side in range between 0.00% and 0.39%. SOFIX (801.37, +0.39%) advanced the most being supported by Chimimport (CHIM, BGN 0.70, +2.94%), Eurohold (EUBG, BGN 1.30, +2.36%) on insignificant volume and the heavy member Shelly Group (SLYG, BGN 66.00, +0.61%), which reached BGN 64.80 during the daily session. The volumes slipped compared to previous day and still remained below 15-days average...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 9 April 2024
SOFIX (798.26, -0.10%) crossed 800 but quickly slipped below the psychological level and finished the day negative on Monday. Sirma Group (SGH, BGN 0.705, -3.42%), Shelly (SLYG, BGN 65.60, -2.09%) and Chimimport (CHIM, BGN 0.68, -1.45%) weighed on the main index while First Investment Bank (FIB, BGN 2.64, +5.60%), Doverie United Holding (DUH, BGN 8.88, +1.60%) and M+S Hydraulic (MSH, BGN 10.90, +0.93%) closed green. BGBX40 (163.35, -0.09%) and BGREIT (190.39, -0.08%) also stepped back while BGTR...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 8 April 2024
The daily volume slightly increased to BGN 1.09m and SOFIX (799.05, +0.06%) closed positive on Friday. Sirma Group (SGH, BGN 0.73, +2.82%) led the daily gainers within SOFIX area, followed by First Investment Bank (FIB, BGN 2.50, +1.63%), Central Cooperative Bank (CCB, BGN 1,50, +1.35%) and Bulgarian Stock Exchange (BSE, BGN 15.00, +0.67%). Negative impact on the main index came from Bulgarian Real Estate Fund (BREF, BGN 2.50, -0.79%), Shelly (SLYG, BGN 67.00, -0.59%) and Agria (AGH, 19.00, -0.5...
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