Investors Failed To Predict the Movement of Indexes This Summer
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Investors failed to predict the movement of indexes on BSE this summer. The majority of respondents in Profit.bg's online survey said they expected only “slight changes”.
35.58% of the 326 people who took the survey said indexes will move in a narrow range and there will be no definite direction.
The second most popular answer, given by 30.37% of respondents, was that there will be “a slight decline”.
20.55% of respondents expected a slight movement up.
Since the beginning of July to date the broad BG40 has slipped some 28.6%, while the blue-chips indicator SOFIX fell 16.1%. Those figures definitely indicate a negative trend, even with the low liquidity we are seeing on BSE.
However, just 10.1% of respondents said they expected a „strong trend in either direction“.
3.4% said they could not predict the movement of indexes.
The summer season ends in a week. Most investors are hoping that BSE's liquidity will improve from September on.
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