The expectations today are for a calm trading session on the Bulgarian Stock Exchange (BSE) with low volatility and with sellers having the edge over buyers, Stefan Angelov, chief broker at Varchev Finance forecasts.

The trade over the that last few days is indicative of the uncertainty of the market participants regarding the advance of the indexes in last days before the end of the year, which means that a decline is much more likely today.

The decline of the U.S. Indexes will also affect the behavior of the market participants today. The trading volumes will remain low. Nevertheless, the volume on certain positions, such as Central Cooperative Bank may be considerable, according to Angelov.

The low volatility on the international markets may be considered as a sign of stock price stabilization in the short term, which could result in a small advance of Bulgarian indexes. In my opinion the first scenario for a slight bear advantage on BSE today is more likely, Angelov said.

The SOFIX blue-chip index yesterday put an end to its five-day losing streak. The index advanced by 0.66%, to 358.26 points, while the broader BG40 gained 0.04%, to 107.45 points.

BSE's overall turnover came to 11.5 mln leva. The value of the bond transactions accounted for 8.63 mln leva of the figure. A total of 87 were traded on the day with 33 companies posting stock price gains.

* The article is not a recommendation for buying/selling stock!