Morning Note /
Bulgaria

Weekly bulletin - 15 August - 19 August 2022

    SOFIX 614.33 (-0.76%) cut off its positive move from the beginning of August and closed negative last week. Some of the companies announced excellent H1 consolidated results last week but liquidity issues and geopolitical worries prevented upper price trends thus all local indexes retreated during the last five trading session. Double increase of sales and 16 times of the profit lifted Alcomet (ALCM, BGN 8.20, +5.1%) to the top of gainers grade while Telelink (TBS, BGN 14.05, +4.9%) attracted investors by forthcoming dividend payment of BGN 0.81 per share. Industrial Holding Bulgaria (IHB, BGN 2.10, -7.1%) suffered from small speculative trades and occupied the first place of weekly losers.