Bulgarian Stock Exchange Structure and Management

The Bulgarian Stock Exchange is a vital part of the country's economy, and understanding its structure and management is essential for investors and businesses alike.

The Bulgarian Stock Exchange is a self-regulated market, which means it operates independently, but still follows strict rules and regulations to ensure fair trading practices.

The exchange is managed by the Bulgarian Stock Exchange - Sofia, which is the sole operator of the market.

The Bulgarian Stock Exchange has a relatively small market capitalization, with a total value of around 10 billion BGN as of 2020. This is a fraction of the larger European stock exchanges.

The BSE has a limited number of listed companies, with around 70 listed shares as of 2020. This is a relatively small number compared to other European stock exchanges.

Trading on the BSE is conducted on a single market, with all listed shares being traded on the same platform. This simplifies the process for investors and companies.

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The BSE has a relatively low trading volume, with an average daily turnover of around 100 million BGN as of 2020. This is a relatively low volume compared to other European stock exchanges.

The BSE has a relatively small number of market makers, with around 10 market makers registered as of 2020. This can make it more difficult for investors to access liquidity.

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The Bulgarian Stock Exchange (BSE-Sofia) has a trading schedule that's worth noting. Trading hours are from 0930-1400, and orders can be placed between 0900-1600.

The exchange has a tick size of BGN 0.001, which means that even small price movements can have a significant impact on the market. Daily price-deviation limits are set at +/-15%.

Fees for trading on the BSE-Sofia vary depending on the transaction volume. Here's a breakdown of the fees:

The BSE-Sofia has 10 member broker-dealers and is owned 44% by the Bulgarian government, ensuring a level of oversight and regulation in the market.

Trading Information is crucial to understand before you start trading. The total market capitalization is a whopping BGN 23.1 billion.

You can place orders from 0900 to 1600, but the actual trading hours are from 0930 to 1400. The tick size is BGN 0.001, which is a small increment.

The daily price-deviation limit is +/-15%, so be prepared for some volatility. Settlement is done on a T+2 cycle, which means it takes two business days to settle a trade.

There are different fees depending on the trade amount. Here's a breakdown of the fees:

The BSE-Sofia has 10 member broker-dealers, which is a key aspect of the exchange's operations. These member broker-dealers play a crucial role in facilitating trading activities on the exchange.

The Bulgarian government owns 44% of the exchange, giving it a significant stake in the company's operations. This ownership structure has implications for the exchange's governance and decision-making processes.

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The exchange oversees both the Official and Unofficial Markets, ensuring that all trading activities are conducted in a fair and transparent manner. This oversight is essential for maintaining market integrity and confidence.

To facilitate trading, the BSE-Sofia operates the RTS-Plaza trading system and the Client-Order Book Online System (COBOS). These systems provide a platform for member broker-dealers to execute trades and manage their orders.

The exchange also administers a guarantee fund for transactions, which helps to mitigate risks and ensure that trades are settled smoothly.

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The Bulgarian Stock Exchange has a robust management system in place, ensuring the smooth operation of the market. This is evident in the timely updates on stock prices and trading volumes.

On October 3rd, the stock price dropped by 1.02% to 9.750 лв, with a trading volume of 582. This is a significant change from the previous day, where the price remained the same at 9.850 лв.

The trading volume is also worth noting, with some days seeing a significant increase in activity. For example, on October 1st, the trading volume reached 1,333, indicating a high level of interest in the stock.

Here's a summary of the stock price changes:

The Bulgarian Stock Exchange offers a range of indices to track the performance of the market.

One of the most well-known indices is SOFIX, which serves as the benchmark for the Bulgarian stock market.

SOFIX is used as a base for a number of other indices, including BG40 and BGTR30.

BG40 and BGTR30 are designed to represent the performance of the top 40 and 30 companies listed on the Bulgarian Stock Exchange, respectively.

BGREIT is another index maintained by the Bulgarian Stock Exchange, which focuses on the performance of real estate investment trusts.

Here are the indices maintained by the Bulgarian Stock Exchange:

The Managers and Directors of the Bulgarian Stock Exchange AD are a team of experienced professionals. Manu Todorov Moravenov serves as the CEO, a position he's held since 2019.

Kalina Angelova-Nikolova has been the Compliance Officer since 2011. Asen Yagodin has been the Chairman since 2009.

Manu Todorov Moravenov also serves as a Director/Board Member, a position he took on in 2019. Vasil Golemanski and Manu Todorov Moravenov are both Board Members, with Vasil taking on the role in 2010 and Manu in 2019.

The quotes section is a great way to quickly see how a particular stock has been performing over time. One interesting fact is that on October 1st, the price of the stock was 9.850 лв.

The price of the stock was 9.850 лв on October 2nd, which is the same as the previous day. This shows that the stock price remained stable for two consecutive days. On October 3rd, the price dropped to 9.750 лв, a decrease of 1.02%.

The volume of trades on October 3rd was 582, which is significantly lower than the 1,333 trades on October 1st. This suggests that the stock may have been less popular on that day.

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The Bulgarian Stock Exchange has been making headlines with its latest earnings reports and dividend announcements. Here are the key updates:

The Bulgarian Stock Exchange AD reported its earnings results for the half year ended June 30, 2025, on July 29, 2025.

The exchange announced a dividend for the year 2024, payable on July 8, 2025, on June 30, 2025.

The Bulgarian Stock Exchange AD reported its earnings results for the first quarter ended March 31, 2025, on May 28, 2025.

The exchange also announced an annual dividend, payable on August 15, 2025, on May 26, 2025.

Here's a list of the Bulgarian Stock Exchange AD's earnings reports and dividend announcements:

The exchange has also made changes to its directorship, with an announcement on May 20, 2025.