Morning Note /
Bulgaria

Weekly bulletin - 19 September - 23 September 2022

    First Financial Brokerage House
    26 September 2022

    All indexes were affected by the negative global sentiment and finished deep in the red with SOFIX (589.13) sliding the most (-2.4%). 20 out of 29 names from our watchlist ended the week lower with Central Cooperative Bank (CCB, BGN 1.60, -7.5%) and Doverie United Holding (DUH, BGN 7.12, -6.6%) declining the most. The top gainer within our universe was Monbat (MONB, BGN 5.10, 6.3%), which jumped on a share buyback announcement. Both weekly volume and turnover (BGN 5.7m) fell significantly – 64% and 62%, respectively, compared to their YtD averages. The most traded name was Sopharma Trading (SFT, BGN 5.60, +1.1%), which accounted to 11.6% of total weekly turnover on the back of insider purchases.