Morning Note /
Bulgaria

Weekly bulletin - 12 April - 16 April

    Contributors
    Mihail Dimitrov
    Martin Dimitrov
    First Financial Brokerage House
    19 April 2021

    The moderate financial performance of the public companies in Q1 and the positive perspective for the end of lock down raised all local indexes last week. Institutional investors stepped in the market last week and weekly turnover almost doubled, reaching BGN 15.3m compared to the average one YTD of BGN 8.05m. Monbat (+12.5%), Industrial Capital Holding (+12.2%) and Albena (+8.7%) surged with huge weekly volumes while Trace Group Hold (-2.2%) and Agria Group Holding (-1.5%) slipped on the back of small speculative trades. Now, we’ll closely monitor the release of consolidated audited reports for 2020 which are to be posted till the end of April.