Morning Note /
Bulgaria

Morning Bulletin - 18 August 2021

    Contributors
    Mihail Dimitrov
    Martin Dimitrov
    First Financial Brokerage House
    18 August 2021

    SOFIX (571.90) dropped on Tuesday by 1.97% as 10 out of 15 members ended on the negative side. Doverie United Holding (DUH, BGN 6.44) led the losers by 10.80% decrease as the price for unused capital increase rights on the auction fell significantly to BGN 0.10 and triggered sell-offs in the name. Eurohold (EUBG, BGN 2.40) and Albena (ALB, BGN 34.60) followed by 4.76% and 2.81%, respectively due to concerns around the new Covid-19 wave. The volumes on the other hand increased by 36% compared to the 15-days average. BGBX40 (127.87, -1.37%) and BGTR30 (625.34, -1.06%) finished below the surface but still outperformed the benchmark index.