Morning Note /
Bulgaria

Weekly bulletin - 22 August - 26 August 2022

    All local indexes finished the week on the negative territory but SOFIX 607.75 (-1.1%) dropped the most. Weekly turnover slipped by more than 50% to BGN 6.8m. compared to the average one YtD. Most of the H1 consolidated financial reports confirmed the good performance but liquidity issues and uncertainty over the war in Europe, inflation and world supply chain disruptions weighted on investors’ sentiment last week. The top weekly gainer within our universe was Stara Planina Hold (SPH, BGN 9.30, +9.4%), while the laggards were led by Albena (ALB, BGN 29.80, -3.9%).