Three brokers agreed to share with Profit.bg their expectations about the next five trading sessions of the Bulgarian Stock Exchange (BSE). Here is what they had to say:

Ivan Bachovski, portfolio manager, MKB Unionbank

The SOFIX hit a new two-year low over the past week as the trade was dominated by the low volumes and a few selected issues, such as First Investment Bank and Doverie United Holding.

In view of the turmoil surrounding embattled investment bank Lehman Brothers, the estimates of the damages from the hurricanes in the Gulf of Mexico and the losing streak of the Asian markets, the expectations for the performance of the Bulgarian stock market this week are anything but optimistic.

The current downward trend of the Bulgarian indexes will deepen and we will most likely see the indexes dropping to two-and-a-half-year lows.

The long-awaited intervention of large-scale foreign and local players on the market will not take place at least until the US markets settle down and the concerns about a number of European economies slipping into recession are gone.

A lot of speculators are waiting for the start of the trade in Holding Roads' new issue, which will inevitably have a negative effect on BSE's benchmark indexes, to make their entry at even lower levels.

Trading this week will once again be marked by low volumes and single transfers on some of the most liquid positions.

Trayan Karshutski, executive director, Fina – S

The sentiment is strongly negative. We are witnessing a period of extremely low volumes, which may be attributed to the fact that the buyers are not present.

Nobody is willing to take a risk. If the decline continues, institutional investors (pension funds) may start purchasing.

The situation on the Bulgarian capital market is not something uncommon and BSE is not an exception fro the capital markets in the region.

Ivan Ovcharov, manager Financial Markets, Elana Trading

I do not expect this week to bring positive surprise to investors, provided the turmoil on the global financial markets in the recent days.

FIBank was among the few that did not go along with the downward trend of the indexes.

I expect FIBank's stock to remain in the spotlight due to the renewed speculations about its sale.

Billboard will also be of interest to investors as the trade in the new shares of the company will kick off on Wednesday.

This article is analytical. All opinions above express the personal views of analysts. This is not a recommendation for buying/selling stock.