Morning Note /
Bulgaria

Weekly bulletin - 7 September - 10 September

    Contributors
    Mihail Dimitrov
    Martin Dimitrov
    First Financial Brokerage House
    13 September 2021

    All major indexes finished in the green zone last week in 0.4% to 1.3% range as SOFIX (563.08) advanced the least by 0.4%. The volumes slipped by 71% compare to the average YtD, while the turnover ended close to the average, mainly due to the block trades with Bulgarian Stock Exchange (BSE, BGN 8.80, -0.6%) and the buyback procedure of Sopharma (SFA, BGN 3.66, 0.00). 14 out of 29 names in our watchlist were on the positive side as Telelink (TBS, BGN 16.70) became a top gainer with 11.3% advance. Albena (ALB, BGN 33.80, -6.1%) ended on the opposite side as top loser after the regular announcement of the semi-annual revision of the SOFIX constituents.