Bulgarian Stock Exchange

For a third consecutive year the Bulgarian Stock Exchange and 18 Bulgarian brokers, among which ELANA Trading, announce Bulgarian Equities Day to promote the Bulgarian stock market and equities as investment. Each year for one day all stock market institutions announce this Free Trading Day and work for free – not charging any fees and commissions for trading on the Bulgarian Stock Exchange.

On 16 March 2017, Thursday, fees and commission will not be charged on all trades up to BGN 2 000 per deal. Every single investor can make up to 15 transactions commission-free for the day. The Free Trading Day is dedicated only to retail investors.

Bulgarian Equities Day: How to trade on the Bulgarian Stock Exchange

Investors are to sign a contract with licensed broker and then they can transfer money in their own account with the broker and make deals with Bulgarian stocks.

Investors can contract ELANA Trading online where they need to attach copy of ID and a bank statement or utility bill. The contract does not involve any costs or compulsory investment sum. Investment money is transferred to the client account when investor decides to make deals.

Trading on the Bulgarian Stock Exchange with ELANA Trading can happen via online platform ELANA BG Trader. The trading platform offers also demo version with 100% simulation of real-time trading.

Bulgarian Stock Exchange trading session schedule:

• 09:30 – 10:00 Pre-trading
• 10:00 – 10:10 Opening auction
• 10:10 – 16:55 Continuous trading
• 16:55 – 17:00 Closing auction
• 17:00 – 17:30 Post-trading

The trading sessions for the financial instruments that are traded only in auctions is as follows:

• 09:30 – 10:00 Pre-trading
• 10:00 – 10:10 Opening auction
• 16:55 – 17:00 Closing auction
• 17:00 – 17:30 Post-trading

To take advantage of Free Trading Day call +359 2 81 000 25, mail trading@elana.net or use the chat on this website. 

Dividends will continue to motivate Bulgarian retail investors

Over BGN 150 mln. was distributed as dividends to investors on the Bulgarian Stock Exchange in 2016. The average annual dividend rate on the market last year was 4%, which is considerably more than the less than 1% interest rate in the banks. For the last 5 years average annual dividend rate from Bulgarian companies amounted at 5%.

Bulgarian equities rallying also in 2017

Bulgarian equities wrapped up 2016 on the upside in the range of 7% to 73% growth. Main index SOFIX added 28% for 2016 being ranked third in Europe after Russian and Belgian indices.
Last week SOFIX reached 8.4 year high closing at 624.91 on March 10, 2017.

Tatyana Puncheva-Vasileva, Head of Research at ELANA Trading, explains SOFIX rally is based on fundamentals. “Corporate result were good with industrials being key contributors to the index growth together with financial and pharma stocks”, she said. “Fundamentals were improving somewhat faster than valuations. Currently, even with the 40%+ rise, most blue chip stocks continue to trade at attractive multiples compared to peer companies and markets”, Vasileva noted.

The expert forecasts a good year for SOFIX: “SOFIX advancing 15-20% in 2017 looks achievable”.

Check the latest equity research reports by ELANA Trading