Morning Note /

Morning Bulletin - 31 March 2022

    Mihail Dimitrov
    Martin Dimitrov
    First Financial Brokerage House
    31 March 2022

    The major indices closed near session highs on Wednesday, adding to their weekly gains as the market hopes for a timely Russia-Ukraine ceasefire. SOFIX (623.20) gained 0.73% and remained firmly above 100-day MA, followed by the extended indexes BGTR30 (735.77, +0.15%) and BGBX40 (144.63, +0.27%). Doverie United Holding (DUH, BGN 8.76, +6.31%), Neochim (NEOH, BGN 56.00, +6.67%) and Advance Terrafund (ATER, BGN 3.20, +2.89%) were in investors focus with increased volume. First Investment Bank (FIB, BGN 2.60, -5.45%), Agria Group (AGH, BGN 28.20, -3.42%) and Chimimport (CHIM, BGN 1.095, -3.10%) ended on the opposite side as the names were pressured by profit taking interest. The volumes of the benchmark index continued to exceed the 15-days average as the turnover of the major part of members ended significantly above the 3-months average.