After the "ice age" (the years between the Great Financial Crisis and Covid 19), the Bulgarian capital market is increasingly noticed by a new generation of investors.After a prolonged stagnation, the SOFIX index resumed its ascent, reaching 807.5 points at the end of the first quarter and a growth of 130% for the last 4 years. What are the factors for the positive dynamics at SOFIX?
Companies with new business models and a new type of thinking, whose focus and successes go beyond the borders of Bulgaria.
- Shelly Group (the new name of Alterco) - The manufacturer of smart devices doubled its net profit to BGN 33 million in 2023.The shares realized a return of 131.9% for the year.
- Sopharma, the domestic pharmaceutical giant with a stable dividend policy and 62.3% return to investors in 2023.
- Smart Organic, the organic food producer, is currently raising nearly BGN 20 million from investors as a subsequent capital increase for business development.
- Bianor undertook a merger with 2 other large IT companies and renamed itself Wiser, becoming a regional leader with revenue and business size, opening the doors to large technology projects
Improved corporate governance and communication with shareholders.
BSE initiatives to attract local investors with exchange trading of government securities and shares of international companies.
A strong local startup ecosystem creating a wave of young entrepreneurs.
And despite SOFIX's growth of nearly 130% over the past 4 years, the market is still 60% below its 2007 peak!
Past performance does not predict future returns.
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