Morning Note /
Bulgaria

Morning Bulletin - 12 April 2022

    Contributors
    Mihail Dimitrov
    Martin Dimitrov
    First Financial Brokerage House
    12 April 2022

    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%.