Morning Note /

Weekly bulletin - 30 May - 3 June 2022

    SOFIX(615.66) increased modestly by 0.3% last week, while the other indices – BGBX40 (143.78), BGTR30 (734.96) and BGREIT(180.49) underperformed by 1.3%, 0.4% and 0.2%, respectively. The investors sent another week where the bearish factors such as inflation, slowing economic growth and the war in Ukraine were balanced by the accommodative central bank`s monetary policy. Total turnover remained close to the average YTD , reaching satisfactory BGN 16.5 mln. 11 out of 29 names in our watchlist finished on positive side as Sopharma Trading (SFT, BGN 5.00, +10.1%), Sirma Group Holding (SGH, BGN 0.74, +5.7%) and Doverie United Holding (DUH, BGN 7.94, +4.5%) led the gainers. On the opposite side remained Advance Terrafund (ATER, BGN 3.00, -14.00%) and Industrial Holding Bulgaria (IHB, BGN 3.20, -10.6%) leading the laggards.