WEEKLY BULLETIN WITH WITH THE MOST IMPORTANT EVENTS ON THE BULGARIAN CAPITAL MARKET
BULGARIAN MARKET 2021 OVERVIEW
Market Overview (1st January – 31st December)
The main Bulgarian index SOFIX increased by 2.22% this week, up to 637.01 points. The broad index BGBX40 increased by 1.58% to 143.25 points. BGREIT increased this trading week to 164.80 pThe main Bulgarian index SOFIX rose by 41.50% in 2021. This marks the highest return for the past 8 years. The last record was in 2013 when the index increased by 42.28%. The broad index BGBX40 soared by 41.44% in 2022, which is a record return since its inception in 2014. BGREIT comparably underperformed the rest of the Bulgarian indexes, growing only with 20.60%.oints, up by 1.04%.
Market Milestones
Milestones on BSE for 2021:
- 21 deals on the Equity Capital Market, compared to 22 deals last year.
- 12 deals on the Debt Capital Market, compared to 8 deals last year.
The stock with the highest turnover for 2021 was Sopharma AD, whereas the stock with the largest volume of trades was Allterco AD.
The best-performing economic sector for 2021 are Business Services with 38% return whereas the worst-performing was Tourism with only 2.64% return for the year.
Economic News
You can access the pdf file here.
Disclaimer
Guarantees
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.
Copyright
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.