Morning Note /

Weekly bulletin - 26 April - 29 April 2022

    All major indices except BGREIT closed lower on Friday, recording a negative short week due to Easter holidays. The main index SOFIX (619.03) decreased by 2.6%, followed by the broad indexes BGTR30 (731.09) and BGBX40 (145.47) with 1.5% and 1.6% falls, respectively. BGREIT (180.41, +0.9%) was the only index, closing on green territory, mainly pushed up by Advance Terrafund (ATER, BGN 3.51, +3.8%). Total turnover also showed unimpressive performance, ending the week almost 30% lower than the average number from the beginning of the year. 11 out of 29 names in our list of selected companies finished on green territory as Alcomet (ALCM, BGN 8.40, +9.2%), Speedy (SPD, BGN 121.00, +7.10%) and Industrial Capital Holding (HIKA, BGN 3.02, +6.2%) led the gainers. Rising concerns about possible invasion of Russian troops in Moldova was the main reason Doverie United Holding (DUH, 7.18) to record a significant drop of 15.9%. Chimimport (CHIM, BGN 0.898) and First Investment Bank (FIB, BGN 2.28) were also among the top losers of the week with respectively 7.8% and 7.3% declines.