Morning Note /
Bulgaria

Weekly bulletin - 4 January - 8 January 2021

    Contributors
    Mihail Dimitrov
    Martin Dimitrov
    Nadejda Dafinkicheva
    First Financial Brokerage House
    19 January 2021

    Last week was positive for all main indexes on BSE as SOFIX (465.71, +3.20%) gained the most, while BGREIT (139.57) advanced the least by 1.30%. The weekly turnover increased by 5% compared to the average YTD as SOFIX even doubled the average 15-days turnover on Friday. Doverie United Holding (5DOV, BGN 4.47, +22.10%) registered not only the highest jump for the week, but accounted for 5% of the weekly turnover as the shareholders empowered the Management Board to start a capital increase procedure in the next 5 years. Other 18 out of 29 names from our watch list finished the week on the positive side as Albena (6AB, BGN 28.00, +12.00%) and Neochim (3NB, BGN 27.00, +12.50%) were among the top gainers.