Morning Note /
Bulgaria

Morning Bulletin - 18 May 2022

    The SOFIX (609.43) rose 1.45% on Tuesday as the market was supported by a positive mindset and a reprieve in growth concerns. 9 of 15 benchmark members closed higher as the financials, represented by First Investment Bank (FIB, BGN 2.12, +9.84%), Chimimport (CHIM, BGN 0.926, +7.67%) and Central Cooperative Bank (CCB, BGN 1.52, +5.56%), led the gainers after significant surge. The extended indexes BGTR30 (724.25, +0.76%) and BGBX40 (144.02, +0.95%) raced less than the benchmark index as more contrarian moves were registered in this trading session. The courier company Speedy (SPDY, BGN 101.00) weighted the most by 12.17%, while the tech company Sirma Group (SGH, BGN 0.755) became a daily gainer by 51% growth after the announcement of positive news. The volumes remained close to the 15-days average as some names remained untraded at the expenses of the companies on focus.