Morning Note /
Bulgaria

Morning Bulletin - 8 September 2022

    SOFIX (607.46) slipped for third consecutive day in a row and closed below all 50-days MA on Wednesday. Despite the strong performance of Sopharma Trading (SFT, BGN 5.60, +6.87%) and Monbat (MONB, BGN 5.05, +2.23%) the decliners, represented by Industrial Holding Bulgaria (IHB, BGN 1.90, -5.00%) and Central Cooperative Bank (CCB, BGN 1.60, -5.88%), prevailed as the sellers were more active. The broad indexes BGBX40 (140.19, -1.01%) and BGTR30 (731.95, -0.76%) underperformed the benchmark as the losses of Stara Planina Hold (SPH, BGN 8.55, -8.06%), Gradus (GR6, BGN 1.36, -5.56%) and Bulgarian Stock Exchange (BSE, BGN 9.50, -3.55%) weighed additionally on the indexes. A block trade with Sopharma (SFA, BGN 4.48, -0.88%) contributed the most to the daily turnover, which surged significantly and pushed the volumes far above its 15-days average.