SOFIX pulls back partially after New Year’s euphoria

Market Overview (19 Jan – 23 Jan)
The main Bulgarian index SOFIX decreased this week by 1.25% to 1387.53 points. The broad index BGBX40 decreased this week by 0.92% to 232.45 points and BGREIT decreased this week to 232.39 points, down by 0.13%.
Corporate News
Eurohold Bulgaria (EUBG) announced that the BoD of BSE have made the decision that starting 26.01.2026 the shares of EUBG will be traded on the Premium market of BSE.

Telematic Interactive (TIB) announced that they have additionally invested ca. EUR 765th in the Peruvian subsidiary in order to organize and facilitate operational activities. Additionally, they announced they had contracted one of their linked companies MBS Trade for marketing and event management for the amount of EUR 1.1mln.

Stara Planina Hold (SPH) announced that the consolidated sales for YE 2025 have reached over EUR 135.2mln, which is an increase of 3.78% since last year. The contributors for that are M+S Hydraulic AD (MSH), which grew 5.79% to EUR 71.8mln and Hydraulic Elements and Systems (HES), which grew 10.72% to EUR 41.9mln. On the contrary, Elhim Iskra (ELHM) dropped 6.7% to EUR 30.2mln and Bulgarian Roze (ROZA), which dropped 10.5% to EUR 2.4mln.

ImPulse Growth (IMP) announced that they have sold nearly half of their holdings of Telematic Interactive (TIB) on 19.01.2026. They sold 10,097 shares for a total of EUR 100,000 (average price of EUR 9.90). They continue to hold 10,903 shares in the gaming company.

Sopharma AD (SFA) announced that December was a very positive for sales growth. For the month they managed to sell 39% more compared to the same month last year, stemming from 50% growth in export markets and 31% growth in domestic. For the YE 2025 sales increased 14% due to the 5% increase in domestic sales and 20% increase in exports.

 

Economic News

ü  Bulgaria recorded a current account deficit of EUR 1,114 million in November 2025, more than doubled from EUR 415.7 million in the corresponding month of the previous year. This marked the largest deficit since records began in January 1998, mainly due to a much wider gap in the goods account, which rose to EUR 1,059.8 million from EUR 782.3 million in November 2024. At the same time, the shortfall in net primary income, which reflects the receipt and payment of income related to the use of resources, such as labour, capital, land, taxes of production and imports and subsidies, expanded to EUR 717.6 million from EUR 345.5 million, while the surplus in net secondary income, which reflects the redistribution of income, narrowed sharply to EUR 39.4 million from EUR 101 million. On the other hand, the services account surplus widened to EUR 624.1 million from EUR 611.2 million a year ago.

 

Full report can be viewed here.