reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 13 August 2025
The Bulgarian equity market endured a volatile session on Thursday, with early losses dragging major indexes lower before a late rebound helped erase declines and nudged the averages into positive territory. SOFIX edged up 0.05% to close at 1 052.55, supported by strength in heavyweight Shelly Group (SLYG, EUR 50.80, +1.20%) and a sharp rebound in Chimimport (CHIM, BGN 0.755, +4.14%) and Bulgarian Stock Exchange (BSE, BGN 9.15, +1.67%). Broader market sentiment improved as well, with BGBX40 (193...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 12 August 2025
SOFIX 1052.06 added 0.22% with moderate daily turnover on Monday. Buying power lifted Shelly (SLYG, EUR 50.20, +0.80%) and Central Cooperative Bank (CCB, BGN 1.72, +1.18%), while speculative trades fixed First Investment Bank (FIB, BGN 5.36, +1.90%) on the top of gainers within SOFIX area. Huge sellers pushed Bulgarian Real Estate Fund (BREF, BGN 5.30, -0.93%) and Chimimport (CHIM, BGN 0.725, -1.36%). Seven out of fifteen SOFIX members remained unchanged with insignificant daily volume.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 11 August 2025
SOFIX (1 049.79, +0.55%) closed positive on Friday reflecting the jumps of Holding Varna (HVAR, BGN 47.40, +3.14%), Bulgarian Real Estate Fund (BREF, BGN 5.35, +1.90%), Chimimport (CHIM, BGN 0.735, +1.38%) and Telematic Interactive (TIB, BGN 22.20, +1.83%). Negative impact on the main index came from Wiser (WISR, BGN 5.75, -2.54%) and Eurohold (EUBG, BGN 1.85, -0.54%). Overall, liquidity remained low and 84% of SOFIX’s daily turnover was registered by Shelly (SLYG, EUR 49.80, +0.40%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 8 August 2025
Moderate positive sentiment set SOFIX at 1 044.05 (+0.33%). Decent buying interest lifted Sirma Group Holding (SGH, BGN 1.40, +6.06%) while Bulgarian Real Estate Fund (BREF, BGN 5.25, -2.78%) lost altitude due to speculative trades. Shelly (SLYG, EUR 49.60, +0.81%) recovered from the previous sessions drops with insignificant daily turnover. Doverie United Holding (DUH, BGN 9.00, +1.58%) and Wiser (WISR, BGN 5.90, +0.85%) fluctuated in a tide range during the day but closed positive on Thursday.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 7 August 2025
The Bulgarian equity market faced continued selling pressure on Wednesday, with early declines in Sirma Group (SGH, BGN 1.32, -2.94%), Doverie United Holding (DUH, BGN 8.86, -1.56%), and First Investment Bank (FIB, BGN 5.06, -2.69%) dragging sentiment lower. However, a late-session rebound in Bulgarian Real Estate Fund (BREF, BGN 5.40, +5.88%) and Wiser Technologies (WISR, BGN 5.85, +5.41%) helped offset the earlier losses and lifted the broader market. All major indexes finished in positive ter...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 6 August 2025
Profit-taking dominated the Bulgarian equity market on Wednesday, sending all major indexes lower in a range from 0.27% to 0.48%. Losses were broad-based with notable declines in Sirma Group (SGH, BGN 1.36, -4.23%), Bulgarian Stock Exchange (BSE, BGN 8.85, -2.21%), Bulgarian Real Estate Fund (BREF, BGN 5.10, -0.97%), and Trace Group (T57, BGN 6.10, -6.15%) weighing on sentiment. Trading activity picked up sharply with daily turnover climbing well above recent averages. Sopharma (SFA, BGN 2.46, +...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 5 August 2025
Slight decrease of SOFIX (1 039.68, -0.07%) reflected the drop of Telematic Interactive (TIB, BGN 22.20, -2.63%), Chimimport (CHIM, BGN 0.725, -2.03%) and Sirma Group Holding (SGH, BGN 1.42, -1.39%) on Monday. Support for the main index came from Wiser (WISR, BGN 5.65, +1.80%) and Bulgarian Real Estate Fund (BREF, BGN 5.15, +0.98%). Sopharma (SFA, BGN 2.44, -0.41%) registered BGN 1.92m daily turnover as a block trade with 770k shares was registered at BGN 2.43.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 28 July - 1 August 2025
Moderate performance in Q2 reports published last week waned investors sentiment. Local indexes remained unchanged despite the increased weekly turnover (BGN 52.5m) mainly registered by block trades. Huge opposite moves of SOFIX members fixed the main index at 1040.37 (-0.1) as Shelly Group (SLYG, EUR 48.60, -1.8%), Bulgarian Real Estate Fund (BREF, BGN 5.10, -1.9%) and CB Central Cooperative Bank (CCB, BGN 1.71, -1.7%) wiped out the positive moves of Wiser Technology (WISR, BGN 5.55, +2.8%), Ch...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 August 2025
The Bulgarian equity market began the new month on a negative tone, though gains in several less actively traded stocks helped offset broader weakness, leaving the main indexes largely flat. Chimimport (CHIM, BGN 0.74, +2.07%) and Bravo Properties Fund (BPF, BGN 0.93, +3.91%) provided some support on the upside. SOFIX ticked up 0.03% to 1 040.37 with trading activity focused on large-cap names. Still, the tech sector weighed on performance as Wiser Technologies (WISR, BGN 5.55, -2.63%) and Shell...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 August 2025
SOFIX 1040.03 lost 0.28% on Thursday thus finishing the month in the red zone with moderate daily turnover. Heavy Shelly (SLYG, EUR 49.00, -1.61%) and Eurohold (EUBG, BGN 1.84, -0.54%) suffered from selling pressure and weighed on the main index. Daily loser Telematic Interactive (TIB, BGN 22.40, -2.61%) registered insignificant daily volume and speculative trades fixed the gambling operator in negative territory. Support for the main index came from Chimimport (CHIM, BGN 0.725, +1.40%) and Bulg...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 31 July 2025
Selling pressure in key constituents Chimimport (CHIM, BGN 0.715, -2.05%) and Sopharma (SFA, BGN 2.44, -0.41%) nudged the SOFIX slightly lower by 0.03% to 1 042.97 on Wednesday. In contrast, the broader indexes outperformed, supported by gains in M+S Hydraulic (MSH, BGN 10.20, +2.51%) and Stara Planina Hold (SPH, BGN 9.30, +5.08%). The BGBX40 rose 0.21% to 192.00, while the BGTR30 added 0.19% to 951.29. Turnover remained well above average, driven in part by activity in less frequently traded st...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 July 2025
The Bulgarian equity market ended mixed on Tuesday, but strong buying in Wiser Technologies (WISR, BGN 5.70, +7.55%) lifted all main indexes into positive territory, with gains ranging from 0.07% to 0.44%. Broad indexes underperformed the benchmark, pressured by sharp declines in Agria Group (AGH, BGN 19.50, -2.50%) and Neochim (NEOH, BGN 20.00, -4.76%). Turnover rose significantly, with the tech sector accounting for the bulk of trading activity.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 July 2025
The announcement of a US-EU trade deal failed to lift sentiment on the Bulgarian Stock Exchange, as investors remained largely in wait-and-see mode. SOFIX slipped 0.29% to 1 038.57, weighed down by losses in Sopharma (SFA, BGN 2.42, -0.41%) and Bulgarian Real Estate Fund (BREF, BGN 5.05, -2.88%). Trading activity centered around companies linked to Chimimport (CHIM, BGN 0.73, 0.00%), including Holding Varna (HVAR, BGN 47.20, 0.00%), Balkan and Sea Properties (BSP, BGN 24.20, 0.00%), and Syntheti...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 21 July - 25 July 2025
Weekly turnover of BGN 32m doubled last week compared to the average YTD, while almost all local indexes remained unchanged except BGREIT 323.91 (+0.8%), which registered an insignificant positive move. Vacation season and the forthcoming release of H1 financial reports restrained investors’ activity, while the block trades and cash management ruled the trading. This week we will be closely monitoring the financial reports that are due to be published by Thursday, especially the industrial compa...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 July 2025
Huge selling pressure on Shelly (SLYG, EUR 49.50) and Bulgarian Real Estate Fund (BREF, BGN 5.20) settled both companies unchanged on Friday. SOFIX 1041.64 (-0.17%) slightly retreated on the ground of moderate daily turnover. Sopharma (SFA, BGN 2.43, -1.22%) ceased its positive wave during the week after the release of the new dividend shares for trading. Sirma Group (SGH, BGN 1.43, -0.69%) and Bulgarian Stock Exchange (BSE, BGN 9.00, -0.55%) also weighed on the main index by losing altitude wit...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 25 July 2025
Bulgarian stocks were little changed in Thursday’s quiet session with light volumes keeping the main indexes flat. SOFIX slipped 0.05% to 1 043.42, with turnover at just 14% of the 3-month average. Sirma Group (SGH, BGN 1.44, +2.13%) and Smart Organic (SO, BGN 31.00, -1.90%) led the individual movers. Broader indexes BGBX40 (191.49, -0.04%) and BGTR30 (951.34, -0.04%) were also marginally lower, as losses in Bulmetal (BMTL, BGN 9.10, -2.15%) offset gains in Hydraulic Elements and Systems (HES, B...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 24 July 2025
The Bulgarian equity market did not follow the global bullish sentiment on Wednesday and instead remained calm with the main indexes closing almost flat. SOFIX (1 043.89) posted a slight loss of 0.20%, as gains in tech company Wiser Technologies (WISR, BGN 5.40, +2.86%) and health food producer Smart Organic (SO, BGN 31.60, +1.94%) were outweighed by selling pressure in other key constituents. Among the laggards were tech firm Sirma Group (SGH, BGN 1.41, -2.08%), Chimimport (CHIM, BGN 0.72, -2.7...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 July 2025
Opposite moves of SOFIX (1 045.97, +0.05%) members and poor liquidity fixed the main index unchanged on Tuesday. Speculative trades with Wiser (WISR, BGN 5.25, +1.94%) and First Investment Bank (FIB, BGN 5.12, +1.19%) offset the negative impact of Sopharma (SFA, BGN 2.48, -0.80%) and Sirma Group (SGH, BGN 1.44, -0.69%). BGREIT (231.50, +0.13%) closed slightly positive as Bulgarian Real Estate Fund (BREF, BGN 5.25, +0.96%) outbalanced the negative move of Advance Terrafund (ATER, BGN 2.97, -0.34%...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 July 2025
A mixed trading session fixed SOFIX (1 045.48, +0.18%) positive. The north moves of Shelly (SLYG, EUR 49.90, +2.46%), Bulgarian Real Estate Fund (BREF, BGN 5.20, +0.97%) and Telematic Interactive (TIB, BGN 22.60, +0.89%) offset the negative impact of Wiser (WISR, BGN 5.15, -2.83%), First Investment Bank (FIB, BGN 5.06, -1.17%) and Chimimport (CHIM, BGN 0.74, -1.33%). Advance Terrafund (ATER, BGN 2.98, -0.67%) stepped back but BGREIT (231.19, +0.06%) closed in the green zone. Overall liquidity re...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 13 July - 18 July 2025
The past week was negative for the major indexes on the Bulgarian Stock Exchange, with SOFIX (1 043.55) recording the largest decline, down 1.0%. Key underperformers from our watchlist that dragged the indexes lower included Neochim (NEOH, BGN 20.00, -7.4%), Stara Planina Hold (SPH, BGN 9.00, -7.2%), and Sopharma (SFA, BGN 2.49, -4.2%). In contrast, BGREIT (231.04) edged up by 0.05%, supported by gains in its heaviest constituents – Advance Terrafund (ATER, BGN 3.00, +0.7%) and Bulgarian Real Es...
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