All local indexes shrank over the past week, where SOFIX erased 2.6% to 627.18. Almost 80% of the companies within our universe dropped on a weekly basis and 15% of them remained flat. The top declines were by Allterco (A4L, BGN 21.00, -10.3%) and First Investment Bank (FIB, BGN 1.67, -9.2%), both of which booked decent volume, with next being Industrial Capital Holding (HIKA, BGN 3.04, -6.7%), which lost ground on a few small trades. The most traded within our watchlist was Doverie United Holding (DUH, BGN 9.50, -4.4%), which made up 9.7% of the total weekly turnover, with next being Allterco and Sopharma (SFA, BGN 4.54, -2.2%) with 8% and 3.5%, respectively.
Morning Note /Bulgaria
Weekly bulletin - 17 January - 21 January 2022
Equity Analyst @ First Financial Brokerage House