reports
- 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
Morning Bulletin - 19 November 2024
Negative start of the week pulled back all local indexes on Monday. SOFIX (851.16, -0.28%) stepped back under the negative impact of Shelly Group (SLYG, EUR 34.20, -1.72%), Sirma Group Holding (SGH, BGN 1.03, -1.90%), Central Cooperative Bank (CCB, BGN 1.70, -1.16%) and Bulgarian Stock Exchange (BSE, BGN 7.65, -0.65%). Insignificant speculative trades raised Chimimport (CHIM, BGN 0.72, +2.86%) and Eurohold (EUBG, BGN 1.49, +0.68%) without corporate news.
- 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 - 18 November 2024
The Bulgarian equity market closed with moderate gains and the main indexes settled on positive territory in range between 0.00% and 0.61%. SOFIX (853.51) increased by 0.61% though the positive bias came from low volume trades with Agria Group (AGH, BGN 19.65, +2.34%) and Eurohold (EUBG, BGN 1.48, +4.96%) in widened Bid/Ask Spreads. The broad indexes BGBX40 (167.72, +0.38%) and BGTR30 (852.95, +0.01%) underperformed as the negative price actions with Eleven Capital (11C, BGN 17.40, -2.79%) and M...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 15 November 2024
Red Thursday pushed SOFIX down by 0.54% to 848.34. The heavy members Shelly Group (SLYG, EUR 34.70, -2.25%) and Eurohold (EUBG, BGN 1.41, -2.76%) pulled back the main index with poor daily turnover. The main support came from Central Cooperative Bank (CCB, BGN 1.70, +1.19%) and Advance Terrafund (ATER, BGN 3.28, +1.23%). BGREIT (212.88, +0.16%) closed green as Sopharma Buildings (SFB, BGN 13.90, +0.72%) fully offset the south move of Bulgarian Real Estate Fund (BREF, BGN 3.86, -0.52%).
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 14 November 2024
The enthusiasm on the Bulgarian market weakened on Wednesday and SOFIX (852.98, -0.48%) landed in red. Almost half of the index turnover came from Eurohold Bulgaria (EUBG, BGN 1.45, -2.03%), while the otherwise lack of investor’s interest activity left the turnover unimpressive. The daily gainers within SOFIX were Sirma Group Holding (SGH, BGN 1.05, +2.94%) and Chimimport (CHIM, BGN 0.70, +1.45%). First Investment Bank (FIB, BGN 3.82, -2.55%), Eurohold Bulgaria and Bulgarian Stock Exchange (BSE,...
- 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 - 12 November 2024
The Bulgarian equity market deepened for third consecutive day in a row as the selling interest increased around current market levels in this first for the week trading session and settled all major indexes with losses. SOFIX (855.37, -0.47%) moved below its 50 and 100-days MA due to negative price actions in broad base sectors, represented by the pharmaceutical company Sopharma (SFA, BGN 5.74, -2.05%), the financial holding Chimimport (CHIM, BGN 0.675, -4.93%) and the healthy food producer Sma...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 11 November 2024
The Bulgarian stock market closed the volatile weak on a downbeat note with little changes from Monday opening. All major indexes booked losses in range between 0.34% and 0.01%, reflecting the negative price actions of First Investment Bank (FIB, BGN 4.00, -4.76%) and Doverie (DUH, BGN 8.04, -3.13%), though the bias came from low volumes in widened spreads. Roughly one third of the indexes constitutes remained untraded on Friday as the volume only of few names, like Monbat (MONB, BGN 2.64, +4.76...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 8 November 2024
The buying interest weakened on Thursday and the ultimate result for the main indexes was mixed. SOFIX (862.36, -0.22%) was clipped by the decline in the price of Bulgarian Stock Exchange (BSE, BGN 7.75, -3.13%) and Sopharma Trading (SFT, BGN 5.70, -2.56%), while the broad index BGTR30 (859.96) outperformed with 0.03% gain, following the low volume trades with First Investment Bank (FIB, BGN 4.20, +2.44%) and M+S Hydraulic (MSH, BGN 9.80, +3.16%). Neochim (NEOH, BGN 26.00) registered new jump of...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 7 November 2024
The Bulgarian equity market finished firmly higher on Wednesday and settled major indexes with solid gains, which not only erased the previous session losses but built on early ones. The buying interest fuelled by a fear of missing further increase settled SOFIX (864.23, +1.44%) above its 50-days MA as First Investment Bank (FIB, BGN 4.10, +5.13%), Sirma Group (SGH, BGN 1.05, +6.06%) and Doverie (DUH, BGN 8.32, +5.32%) were among top daily movers. The trading activity was broadly based and the d...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 6 November 2024
The Bulgarian equity market had a somewhat lacklustre session after the latest rally with negative colour over all major indexes on Tuesday. SOFIX (852.00) underperformed with 0.65% loss as the negative bias came from Chimimport (CHIM, BGN 0.69, -3.50%) and Sopharma (SFA, BGN 5.76, -3.36%) reflecting the moderate selling price actions in weaken bid order book. The activity was poor and the volume remained below 15-days average line within the benchmark index.
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 5 November 2024
For a fourth consecutive trading session SOFIX 857.58 (+0.40%) confirms its North direction with poor daily turnover. Mixed Q3 financial results of public companies triggered opposite moves, but heavy names like Shelly (SLYG, EUR 35.00, +2.34%) and Sopharma (SFA, BGN 5.96, +1.02%) pushed the main index in the positive direction. Absence of liquidity allowed speculative trades to dominate several issues and Agria (AGH, BGN 19.40, -1.52%), Bulgarian Stock Exchange (BSE, BGN 8.00, -1.23%), and Bulg...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Weekly bulletin - 28 October - 1 November 2024
Bulgarian equity market rose modestly in the second week of October, as the end of the third-quarter earnings season for the companies showed mixed results and did not manage to point the market to a clearer direction. The local Benchmark SOFIX added 0.8% to settle at 854.17, as all the other major indexes closed up, ranging from 0.2% to 1.4%. A newly announced fourth dividend distribution this year by Telematic Interactive (TIB, BGN 20.60, +15.7%) put the name of the company on the top of the g...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 November 2024
The Bulgarian equity market had a steady showing with positive price actions on a broad base. All major indexes built on previous sessions’ gains in range between 0.11% and 0.59%. SOFIX (854.17, +0.59%) left behind 200-day MA supported by the bank sector, represented by First Investment Bank (FIB, BGN 3.94, +1.55%) and Central Cooperative Bank (CCB, BGN 1.67, +3.09%), and higher than the average interest in heavy members like Sopharma (SFA, BGN 5.90, +0.34%) and Shelly Group (SLYG, EUR 34.20, +0...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 1 November 2024
The major indexes logged gains across the board, though we saw volatile price actions on both sides on Thursday. SOFIX (849.20) jumped 0.93%, BGBX40 (167.81, +0.59%) and BGTR30 (854.31, +0.43%) underperformed as the session laggards – Alcomet (ALCM, BGN 6.35, -2.31%), Bianor (BNR, BGN 5.60, -2.61%) and Speedy (SPDY, BGN 218.00, -3.54%) weighted additionally to the broad indexes. The positive bias within the benchmark index came mainly in names with widened Bid/Ask spreads and weaken offer side, ...
- 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.
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