WEEKLY BULLETIN WITH WITH THE MOST IMPORTANT EVENTS ON THE BULGARIAN CAPITAL MARKET
BULGARIAN IMPORTS AND EXPORTS SURGE TO A FRESH ALL-TIME HIGH
Market Overview (10th January – 14th January)
The main Bulgarian index SOFIX decreased by 0.54% this week, up to 643.66 points. The broad index BGBX40 increased by 0.14% to 145.18 points. BGREIT increased this trading week to 167.33 points, up by 3.93%.
Alterco AD (A4L) reports a 51% annual growth of consolidated annual revenues from sales of devices (including related services) to BGN 59.5 million for 2021. Revenues from sales of home automation devices under the Shelly brand increased by 62% to BGN 55.9 million, the company said. Revenues from sales of MyKi tracking devices decreased by 21%, mainly as a result of anti-epidemic measures. Sales growth for the last three months of 2021 is the second weakest for the individual quarters of the year. Growth was lower only in the third quarter – 21% on an annual basis.
The Bulgarian Stock Exchange (BSE) and the Athens Stock Exchange (ATHEX Group) have signed a framework agreement for admission to trading, clearing and settlement of Bulgarian derivatives. The scope of the agreement includes the introduction of futures on selected shares traded on the BSE, and futures on the main index of the Exchange – SOFIX, according to the BSE.
- Bulgaria’s trade deficit widened to BGN 1355.8 million in November of 2021 from BGN 814.4 million in the corresponding month of the previous year. It was the largest trade gap since December of 2008. Imports rose by 32% to an all-time high of BGN 7551.9 million. Meanwhile, exports surged 26.3 percent year-on-year to a record high of BGN 6196.1 million.
Active COVID-19 cases in Bulgaria are on an increasing trend with a 7-day MA of 5,741 cases. The active cases at the end of the week were 151,477. The total number of fully vaccinated people so far is 1,962mln, which is 28,3% of the population in Bulgaria.
You can access the pdf file here.
The analyst (s) responsible for the preparation of this document shall ensure that: (1) they take all necessary care to accurately reflect the information contained in this document; (2) no part of the analyst’s remuneration is, has been or will be linked, directly or indirectly, to the recommendation or opinions expressed in this document.
Financial interest: Sofia International Securities may trade or own the financial instruments specified in this document. Sofia International Securities does not own more than 5% of the financial instruments in circulation, subject to analysis or comment in this document. The analyst (s) do not own any shares of the companies, unless explicitly mentioned.
Disclosure of information
Due care has been taken to ensure the accuracy of the facts cited, the reliability of the sources of information and the clear definition of the assumptions, predictions, forecasts and expected prices in this document. The information presented in this document is based on publicly available information, which is considered reliable, but for which no responsibility is taken for completeness and accuracy. Neither Sofia International Securities nor the company’s employees should be held responsible for the publicly available information used. The opinion expressed in this document may differ from the disclosed views in other departments and divisions of Sofia International Securities or from other employees. Additional information on this document is available upon request. The sources of information in the tables and graphs in this document are calculations by Sofia International Securities, unless otherwise stated.
Risks for investors
This document has been prepared and presented for the purpose of summary and informational purposes only and does not constitute a study within the meaning of Art. 13 of Commission Delegated Directive (EU) 2017/593 of 7 April 2016. The information in this document should not be considered as an offer to buy or sell financial instruments or an independent investment council within the meaning of Directive 2014/65 / EU of The European Parliament and the Council of 15 May 2014, Sofia International Securities AD has not assessed the appropriateness in relation to the financial instruments mentioned in this document. The investment opportunities discussed in this document may not be appropriate for certain investors depending on their investment objectives and time horizon or in the context of their overall financial condition. The risks associated with investing in the financial instruments mentioned in this document are not fully explained. The price or value of the investment may decrease or increase. Securities or investments can lead to losses for the investor. A previous achievement is not a guarantee of future performance. Changes in exchange rates may have an adverse effect on the value, price or return on investment in securities. Sofia International Securities AD assumes no responsibility for losses incurred in connection with investments made on the basis of information contained in this document.
The analyzes of Sofia International Securities are the exclusive property of the investment intermediary and any publication, distribution, reprinting and citation of content is possible only after the explicit written consent of the “Research and Analysis” department of the company. It is not allowed to use the analyzes of the investment intermediary from a third party for commercial purposes.