reports
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 5 February 2026
SOFIX (1 347.86, +0.14%) rebounded modestly on Wednesday, supported by gains in prior-session laggards Doverie United Holding (DUH, EUR 6.78, +4.95%) and First Investment Bank (FIB, EUR 3.46, +4.22%). In contrast, the broader indexes posted mild declines, with BGBX40 (227.74, -0.32%) and BGTR30 (1 101.79, -0.18%) pressured by sharp pullbacks in Telelink Business Services Group (TIB, EUR 5.80, -5.69%) and Gradus (GR6, EUR 0.47, -12.15%), following aggressive sell-offs on light volumes. Sopharma (...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 4 February 2026
The Bulgarian equity market extended its corrective phase, with major indexes closing lower amid cautious trading. SOFIX (1 346.00, -0.65%) retreated further, pressured by weakness in several benchmark constituents. Doverie (DUH, EUR 6.46, -6.10%) led the losers’ list despite the absence of fresh company-specific news, suggesting continued profit-taking after its strong prior performance. Additional pressure came from Wiser Technologies (WISR, EUR 2.70, -2.88%) and Advance Terrafund (ATER, EUR 1...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 3 February 2026
Bloody start of the week fixed SOFIX at 1 354.78 (-1.46%). Chimimport (CHIM, EUR 0.51, -10.53%) and First Investment Bank (FIB, EUR 3.42, -7.07%) slumped with insignificant daily volume while Doverie United Holding (DUH, EUR 6.88, -3.64%) dropped under a moderate selling pressure on Monday. Sirma Group Holding (SGH, EUR 1.24, -3.88%) disappointed investors with poor Q4’25 financial performance and the IT holding lost altitude with small daily turnover. Sopharma Trading (SFT, EUR 3.84, -4.00%) an...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 2 February 2026
It appeared that the fresh 18-year highs reached in recent sessions attracted increased profit-taking, as the Bulgarian equity market came under selling pressure on Friday, echoing the cautious sentiment from global markets. SOFIX (1 374.91, -0.76%) closed lower, weighed down by declines in Shelly Group (SLYG, EUR 68.00, -2.30%) and First Investment Bank (FIB, EUR 3.68, -2.13%), despite the absence of any negative surprises in the latest financial disclosures. On a broader base, Eleven Capital (...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 30 January 2026
The positive sentiment on the Bulgarian Stock Exchange weakened on Thursday, pushing all major indexes into negative territory, with SOFIX (1 385.46, -1.40%) recording the steepest decline. Doverie (DUH, EUR 7.10, -8.51%) came under pronounced selling pressure, followed by Smart Organic (SO, EUR 17.20, -3.37%), Central Cooperative Bank (CCB, EUR 1.84, -3.16%), and Chimimport (CHIM, EUR 0.58, -3.33%), though trading volumes across these names remained subdued. A sharp advance in Sopharma Trading ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 29 January 2026
The major indexes extended their advance on Wednesday, supported by strength in the technology sector, led by Wiser Technologies (WISR, EUR 2.82, +0.71%), Sirma Group (SGH, EUR 1.29, +0.78%), and Shelly Group (SLYG, EUR 70.20, +0.29%). At the same time, weakness in Central Cooperative Bank (CCB, EUR 1.90, -3.55%) and Elana Agrocredit (EAC, EUR 0.545, -2.68%) capped the upside, leaving SOFIX (1 405.08, +0.19%) with a modest gain as it continued to hover near last week’s fresh 18-year high. Invest...
- Veselin Radoychev Please Change Surname
Morning Bulletin - 28 January 2026
The main indexes finished mixed on Tuesday, as neither buyers nor sellers showed conviction about the near-term market direction. Political uncertainty resurfaced with Bulgaria once again without a government, while euro adoption continued to drive price adjustments, keeping investors cautious and focused on upcoming results from large-cap index constituents. Below the surface, Bulgarian Real Estate Fund (BREF, EUR 2.70, -2.17%) and Smart Organic (SO, EUR 17.30, -2.26%) faced renewed selling pre...
- Veselin Radoychev Please Change Surname
Bulgaria Outlook 2026
Global macroeconomic and geopolitical challenges weighed on the Bulgarian economy over the past year, primarily through weaker external trade dynamics. Despite this, economic growth remained solid. Real GDP expanded by 2.8% in Q1, 3.5% in Q2, and 3.0% in Q3, supported almost entirely by strong domestic demand. Several factors underpinned this robust consumption growth with the most important being the growth of compensation and the euro transition effect. For 2026 the projections by major i...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 27 January 2026
The Bulgarian equity market posted a solid start to the week, with SOFIX (1 402.30, +1.06%) leading the advance, followed by BGBX40 (243.57, +0.91%), BGTR30 (1 125.05, +1.05%), and BGTREIT (233.46, +0.46%). Ten out of fifteen constituents in the benchmark closed higher, led by the latest momentum names Chimimport (CHIM, EUR 0.60, +7.14%) and Shelly Group (SLYG, EUR 69.00, +4.55%). Investor sentiment improved compared to the end of last week, although trading volumes remained below the 15-day ave...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 26 January 2026
The Bulgarian equity market found technical support after a two-session retreat, with all major indexes rebounding on the final trading day of the week. Buying interest returned selectively, led by Doverie (DUH, EUR 7.76, +3.19%), First Investment Bank (FIB, EUR 3.80, +3.26%), and Shelly Group (SLYG, EUR 66.00, +2.17%), which collectively lifted SOFIX (1 387.53) by 1.03%. Despite the rebound, trading volumes weakened sharply and remained well below the 15-day average, underscoring restrained con...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 22 January 2026
The Bulgarian equity market entered a phase of consolidation after reaching an 18-year record high, with the main indexes posting their first losses since the beginning of the year. Recent top performer Chimimport (CHIM, EUR 0.585, -7.14%) led the pullback, followed by Sirma Group (SGH, EUR 1.20, -2.44%) and Elana Agrocredit (EAC, EUR 0.55, -2.65%). Profit-taking activity dominated the session, while trading volumes within SOFIX (1 395.85, -1.33%) remained below the 3-month average, indicating a...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 20 January 2026
The overall positive sentiment weakened on the Bulgarian Stock Exchange in the first trading day of the week, as current market levels encouraged profit-taking among short-term participants. Despite this, SOFIX (1 411.20, +0.43%) advanced, supported by strong moves in Chimimport (CHIM, EUR 0.565, +5.61%) and other financial names from the group such as Central Cooperative Bank (CCB, EUR 1.88, +11.24%), which has now gained roughly 86% since the beginning of the year, alongside Holding Varna (HVA...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 19 January 2026
The final trading day of the second full week since the adoption of the euro saw the Bulgarian Stock Exchange extend its sharp uptrend, with positive momentum driven primarily by large-cap names within the benchmark index. Friday’s session was once again led by the financial and technology sectors, represented by Central Cooperative Bank (CCB, EUR 1.69, +9.03%) and First Investment Bank (FIB, EUR 3.76, +4.16%), alongside Wiser Technologies (WISR, EUR 2.80, +6.06%) and Shelly Group (SLYG, EUR 63....
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 16 January 2026
For a ninth consecutive trading session SOFIX 1 386.14 (+0.51%) closed green. The strong positive sentiment from the previous days waned and the main index members registered huge opposite moves. Central Cooperative Bank (CCB, EUR 1.55, +19.23%) and Chimimport (CHIM, EUR 0.50, +4.17%) jumped north, while profit taking and insignificant speculative trades weighed on First Investment Bank (FIB, EUR 3.61, -4.50%), Sirma Group Holding (SGH, EUR 1.30, -2.26%) and Advance Terrafund (ATER, EUR 1.42, -2...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 15 January 2026
Despite the slowdown of the day to day positive change, SOFIX 1 379.17 (+0.54%) registered eight in a roll green trading sessions since the beginning of 2026. Risk appetite slightly lowered and daily turnover of the main index decreased to EUR 0.98m. Wiser (WISR, EUR 2.68, +8.94%) led the daily gainers, followed by Central Cooperative Bank (CCB, EUR 1.30, +6.56%) and Shelly (SLYG, EUR 62.80, +1.95%). Profit taking weighed on Bulgarian Real Estate Fund (BREF, EUR 2.68, -2.19%) and Chimimport (CHI...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 13 January 2026
For a sixth consecutive trading session SOFIX (1 369.41, +3.50%) gained altitude registering almost 18.4% gain on year-to-date basis. The blue chips recorded huge volatility and impressive daily changes as Chimimport (CHIM, EUR 0.492, +11.82%), First Investment Bank (FIB, EUR 3.66, +9.91%)and Central Cooperative Bank (CCB, EUR 1.08, +8.00%) jumped on the back of moderate daily turnover. Advance Terrafund (ATER, EUR 1.40, -2.78%) closed in the red zone but overall positive sentiment among other n...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 14 January 2026
Increased volatility continued to favour speculative trading on the Bulgarian Stock Exchange, though names such as Sirma Group (SGH, EUR 1.31, -4.38%), BSE (EUR 7.70, -4.35%) and Doverie (DUH, EUR 8.14, -3.10%) moved in the opposite direction and smoothed the daily outcome for the major indexes. SOFIX (1 371.70) advanced modestly by 0.17%, led by financials - First Investment Bank (FIB, EUR 3.84, +4.92%) and Central Cooperative Bank (CCB, EUR 1.22, +12.96%). On a broader basis, Sopharma Trading ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 12 January 2026
Broad increase of index members lifted SOFIX (1 323.06, +4.42%) to an 18-year high. Sirma Group Holding (SGH, EUR 1.30, +17.12%) and Chimimport (CHIM, EUR 0.44, +15.79%) led daily gainers with higher daily turnover while Sopharma (SFA, EUR 1.785, +7.21%), Eurohold (EUBG, EUR 1.09, +7.92%) and Central Cooperative Bank (CCB, EUR 1.00, +5.26%) jumped without significant daily volume. Positive sentiment raised all other indexes and BGBX40 (224.48, +3.32%) and BGTR30 (1 064.12, +2.24%) closed green o...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 9 January 2026
The Bulgarian equity market extended its very strong start of the year, marking the fourth trading session under the newly adopted euro denomination. The major indexes continued to build gains, with BGREIT (229.89, -0.90%) being an exception, pressured by renewed weakness in the real estate sector. Strong price spikes in Sirma Group (SGH, EUR 1.11, +12.12%), Eurohold (EUBG, EUR 1.01, +5.21%), and Bulgarian Stock Exchange (BSE, EUR 7.30, +9.77%) supported the advance in SOFIX (1 267.03, +1.01%). ...
- Mihail Dimitrov
- Veselin Radoychev Please Change Surname
Morning Bulletin - 23 December 2025
Monday marked the final trading session of the year with BGN as the settlement currency. All major indexes closed in positive territory with solid gains, led by the broad BGBX40 (203.81, +0.98%). Sofia Commerce (SCOM, BGN 5.70, +11.76%), Speedy (SPDY, BGN 192.00, +6.67%), and Bravo Properties (BPF, BGN 1.03, +5.10%) topped the gainers’ list, although advances were achieved on low volumes and within widened bid/ask spreads. Investor focus remained on Sirma Group (SGH, BGN 1.89, +1.61%), which con...
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