New diving was registered on Monday as the market remains pressured by the rising interest rates and growth concerns. SOFIX (621.02) declined 1.04% and was positioned between the extended indexes BGBX40 (144.03, -0.54%) and BGTR30 (726.68, -1.37%) as the turnover continued to stay low compared to the 15-days average. First Investment Bank (FIB, BGN 2.22) and Neochim (NEOH, BGN 49.00) weighed the most on the indexes by declining 12.60% and 11.71%, respectively. The widened Bid/Ask spreads led to increased volatility and reflected on Stara Planina Hold (SPH, BGN 9.95, +8.15%), Allterco (A4L, BGN 19.40, -3.96%) and Doverie United Holding (DUH, BGN 8.58, -4.45%). Advance Terrafund (ATER, BGN 3.39, +2.73%) continued to move up after the proposed for voting dividend of BGN 0.527 and pushed BGTREIT (178.23) up by 0.57%.
Morning Note /Bulgaria
Morning Bulletin - 12 April 2022
Equity Analyst @ First Financial Brokerage House