Morning Note /
Bulgaria

Weekly bulletin - 19 April - 23 April

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

    Positive market sentiment and institutional participation on the market increased weekly turnover and raised all local indexes last week. Weekly turnover reached BGN 13.07m compared to the average one of BGN 8.36m YTD. SOFIX (519.18, +0.9%) moved North with rapid opposite moves of index members but buying power prevailed sellers and moderate financial reports released during the week supported the main group of blue chips on the market. It is of note that we expect in the next few days the release of Q1 financial reports as well as audited financials which would rule the trading till the end of the week.