Morning Note /
Bulgaria

Morning Bulletin - 5 September 2022

    The Bulgarian market retreated on Friday by totally erasing the previous day gains in a volatile session, which followed the world economic concerns. SOFIX (611.09) lost 0.76% and closed between its 50 and 200-days MA as Monbat (MONB, BGN 4.94, -3.14%) and Industrial Holding Bulgaria (IHB, BGN 2.00, -7.41%) weighed the most on the index and possible reason for the falls could be the upcoming rebalancing of the main index. Neochim (NEOH, BGN 38.60, +4.32%), Central Cooperative Bank (CCB, BGN 1.70, +3.03%) and Sopharma Properties (SFI, BGN 8.80, 2.33%) ended on the opposite side, leading the gainers in this trading session but no fresh news were released lately. The volumes increased compared to last few sessions but still remained below the 15-days average.