Morning Note /

Weekly bulletin - 23 May - 27 May 2022

    All main indexes finished on red territory last week as only the broad BGTR30 (737.01) moved North and gained modestly 0.4%. The main index SOFIX (613.62) decreased by 0.8%, followed by 0.4% fall of both BGBX40 (145.73) and BGREIT (180.91). Despite the negative weekly performance, the indices registered some improvement on Thursday and Friday on hopes of an eventual slowdown in U.S. monetary tightening later this year and end of the lockdowns in Shanghai. For a first time in a while the total turnover showed impressive performance, ending the week almost 103% higher than the average number from the beginning of the year. 12 out of 29 names in our list of selected companies finished the week on green territory as Alcomet (ALCM, BGN 8.50, +13.3%), Telelink Business Services (TBS, BGN 13.50, +6.3%) and Doverie United Holding (DUH, BGN 7.60, +5.6%) led the gainers list. On the negative side remained 11 out of 29 companies, as Speedy (SPDY, BGN 105.00, -6.3%), Allterco (A4L, BGN 17.90, -4.5%) and Sirma Group Holding (SGH, BGN 0.70, -4.1%) were the top losers within our universe.