Morning Note /

Morning Bulletin - 14 October 2021

    Mihail Dimitrov
    Martin Dimitrov
    First Financial Brokerage House
    14 October 2021

    SOFIX (572.57) increased by 0.58% on Wednesday, without significant moves in this session and low newsflow. All other indexes underperformed the benchmark as BGBX40 (132.52) added 0.26% mostly driven by the advance of Alcomet (ALCM, BGN 9.40, +4.44%) after a single small trade, while BGTR30 (646.93, -0.06%) ended on the negative side as the retails led the direction by hitting the bid side in widened Bid/Ask spreads. Industrial Holding Bulgaria (IHB, +5.21%) became a daily gainer after a single lift of the offer side to BGN 2.02, followed by Sopharma (SFA, BGN 3.88, +2.65%) where the average price of the daily volume remained at BGN 3.78, far below the close. The volume of SOFIX continued to stay low and for 10 days in row remained below 15-days average.