Morning Note /
Bulgaria

Morning Bulletin - 25 March 2022

    Contributors
    Mihail Dimitrov
    Martin Dimitrov
    First Financial Brokerage House
    25 March 2022

    SOFIX (597.23) totally erased the previous day gain on Thursday by losing 0.58% and by continuing to move between the 200-day and 50-days MA at the levels before month. The negative effect came from Allterco (A4L, BGN 18.10, -3.72%), Monbat (MONB, BGN 5.50, -2.65%) and Doverie United Holding (DUH, BGN 7.22, -2.43%) within the benchmark index and additionally from CEZ Distribution (CEZD, BGN 284.00, -3.40%) and Galata Investment Company (GTH, BGN 2.14, -6.14%) for the extended indexes BGTR30 (703.08, +0.04%) and BGBX40 (138.95, -0.51%). The turnovers slipped as only First Investment Bank (FIB, BGN 2.87, +3.24%) and Agria Group (AGH, BGN 23.00, +12.75%) exceeded the 3-months average turnover.