Morning Note /

Weekly bulletin - 10 May - 14 May 2021

    Mihail Dimitrov
    Martin Dimitrov
    First Financial Brokerage House
    18 May 2021

    The local indexes advanced slightly with regular turnover over the past week. The main index SOFIX increased by 0.8% to 522.39 and BGREIT added 3.0% to 151.32, while the only decline was by BGTR30, which slipped by 0.1% to 561.71. The top gainer within our universe was Industrial Capital Holding (HIKA, BGN 2.70, +9.8%), which gained ground on three small trades, with next being Advance Terrafund REIT (ATER, BGN 2.40, +6.7%), which jumped after its CEO bought 290k shares. On the negative side, the top losers were Sirma Group Holding (SGH, BGN 0.52, -6.3%) and Neochim (NEOH, BGN 30.00, -6.3%), both of which declined on low-volume trades. The most traded within our universe was Advance Terrafund, which made up 17.1% of the weekly turnover on BSE, with next being Holding Varna (HVAR, BGN 39.40, -1.5%) with 5.1%.