All main indexes advanced last week as BGTR30 (717.68) increased the most by 2.3%. 12 out of 29 names in our watchlist finished on the positive side as First Investment Bank (FIB, BGN 2.85) led by 26.1% gain, followed by Agria Group Holding (AGH, BGN 24.6, +23.6%) and Central Cooperative Bank (CCB, BGN 1.39, +23.0%). Top losers within our universe were Alcomet (ALCM, BGN 7.00, -5.4%), CEZ Distribution (CEZD, BGN 288, -5.3%) and Gradus (GR6, BGN 1.31, -5.1%). The weekly turnover was slightly lower by 3%, compared to the YtD average, with the most traded names being Agria Group Holding and First Investment Bank. The volumes on the other advanced slightly by 3% compared to YtD average.
Morning Note /Bulgaria
Weekly bulletin - 21 March - 25 March 2022
Equity Analyst @ First Financial Brokerage House