Morning Note /
Bulgaria

Morning Bulletin - 18 January 2022

    Contributors
    Mihail Dimitrov
    Martin Dimitrov
    First Financial Brokerage House
    18 January 2022

    SOFIX (646.14) gained 0.39% on Monday as the market overcame the mixed sentiment from the leading economies and local optimism. The financial sector dragged the indexes down as the bank representatives, First Investment Bank (FIB, BGN 1.80) and Central Cooperative Bank (CCB, BGN 1.21) lost 2.17% and 1.63%, respectively. The pharmaceutical company Sopharma (SFA, BGN 4.74, +2.16) and the real estate sector balanced on the opposite side, while the volumes remained far from the 15-days average. The extended indexes BGBX40 (145.49, +0.21%) and BGTR30 (697.55, -0.25%) underperformed the benchmark as Gradus (GR6, BGN 1.33, -3.62%) and Korado Bulgaria (KBG, BGN 7.35, -2.65%) weighed additionally.