Morning Note /

Weekly bulletin - 11 April - 14 April 2022

    Mihail Dimitrov
    Martin Dimitrov
    First Financial Brokerage House
    18 April 2022

    All main indexes advanced last week, shortened by the Good Friday holidays. Leading index SOFIX( 634.32) increased by 1.1% in a mixed trade, followed by BGREIT(178.70) and BGTR30 (740.55) with 0.8% and 0.5% rise, respectively. Turnover was boosted on Thursday with block trades with Eurohold Bulgaria (EUBG, BGN 2.40, +7.1%), Agria Group Holding (AGH, BGN 28.50, +4.4%) and CEZ Electro (CEZE, BGN 29 600, -1.3%), reaching BGN 12.4m for the week. Though, the overall liquidity remained poor and the weekly turnover dropped by 37% compared to the YtD average. The volumes reflected the turnover’s decrease and also recorded a sharp fall by 37% compared to YtD average. 14 out of 29 names in our list of selected companies finished on the green side, as Bulgarian stock exchange (BSE, BGN 10.40, +9.5%) was the big winner, followed by Stara Planina (SPH, BGN 9.90, +7.6%) and Eurohold Bulgaria. Doverie United Holding (DUH, BGN 8.54, -4.9%), Sopharma Trading( SFT, BGN 4.74 , -3.7%) and First Investment Bank (FIB, BGN 2.46, -3.1%) were the top losers within our universe.