SOFIX remained almost unchanged on Tuesday as only two index members registered moderate daily volume. Bulgarian Real Estate Fund (5BU, BGN 2.00, -0.99%) experienced selling pressure and 43K shares changed hands during the session. Stara Planina Hold (5SR, BGN 5.50, -0.90%) was traded flat during the day but lost some value in the closing auction and finished the day negative. Industrial Holding Bulgaria (4ID, BGN 1.02, +2%) and Gradus (GR6, BGN 1.72, +0.88%) advanced on the ground of speculative trades and helped the index to remain around the levels from the previous day.
First Financial Brokerage House (FFBH) is a leading non-banking financial institution on the Bulgarian capital market. Founded in 1991, FFBH offers the complete spectrum of investment banking services spanning corporate finance, privatisation advisory, mergers and acquisitions, financial consulting, brokerage services, research & analysis and asset management.
FFBH provides its services mainly to major international banks and corporations seeking investment in Bulgaria. FFBH is not only local contractor and partner to its clients but also an information source and provider for all major news and events in the economic and political life of the country.
We are the main contact point for the large majority of foreign and local institutional investors in the Bulgarian equity market. FFBH is providing access to the Bulgarian Stock Exchange by either its highly experienced sales trading desk or by order routing across the Bloomberg network.
Additionally, FFBH is offering a range of tools, specifically tailored for the retail investor. Both domestic and international markets are only a click away, via electronic trading solutions. As a major advantage, our customers are able to benefit from the broad range of Analysis & Research products with premium quality, provided by our team of dedicated analysts.
Clients of our research products are most of the largest foreign and local institutional investors looking for opportunities in Bulgaria. More than 100 investment banks, investment funds and other institutional investors use our Equity research and Economic review on a regular basis. FFBH’s Morning Bulletin and Weekly Bulletin reach more than 300 clients over different countries and continents.
Our major Research and Analysis Services include:
A director at Eurohold Bulgaria Ad bought 499,000 shares at 1.900BGN and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...
GDP growth continues at a slower pace; imports notably decline, while exports steadily advance; unemployment hits 4.2% Q2 seasonally adjusted GDP increased 3.5% YoY. Positive foreign trade dynamics was the key factor behind Q2’19 GDP growth, while consumption slowed down. Sector-wise, financial services, real estate and construction were the outperformers. Q2’19 exports to non-EU countries surged by 9.1%, while imports shrank by 10.6% YoY Squeezing Trade deficit and expanding Services surplus boosted the positive development of the Current Account, leading to a surplus of BGN 4bn (3.4% ...
GDP growth hits a post-2008 peak; Exports improve across the board; Government debt hits a new 5-year low Strong consumption and growing exports fueled 4.8% growth in Q1’19 GDP despite weaker GCF. Q1’19 exports surged by 10.7% as trade with China continued to expand rapidly and the flow of goods to Turkey recovered. A narrowing trade deficit led to a BGN 1.3bn current account surplus (1.1% of GDPe) vs. a near zero balance a year ago. The government debt has fallen below 20% of GDPe for a first time since 2014. HICP eyed 3% once again as food costs supported a steady increase. The reve...
Consumption and investments peaked in 2018; The trade deficit put a limit on growth; Unemployment was at an all-time low Record consumption and investment spending pushed 2018 GDP growth to 3.1%, Q4’18 GDP added 3.0% boosted by higher GCF. HICP change decreased to 2.3% from its mid-2018 cyclical peak. Unemployment reached an all-time low of 4.7% at a lower participation. Q4’18 exports grew by 2.7% to BGN 14.6bn on growing trade with EU and a boost from an increased trade with China. 2018 current account surplus declined 25% . The budget met its 2018 targets, capital expenses surged. Q...
As 29 March 2019 draws closer, investors should be considering the probable effects of Brexit on Bulgarian public companies. Major BSE blue chips like Monbat, M+S Hydraulic and Alcomet to name a few are export-oriented. In the following pages we try to summarize their dependence on Brexit-vulnerable markets, as their direct exposure to the UK seems to be limited.
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