Brokers Expect Another Boring Week

Brokers Expect Another Boring Week talked to three market experts about trade on the Bulgarian Stock Exchange this week. Here is what they said:

Vanya Borisova, executive director ProInvest Jsc,

The current situation of the capital market in Bulgaria is not surprising taking into consideration the state of the global markets and the recession fears.

The market participants are eager to find a quick explanation for the unfavorable conditions. They are reluctant to admit that the market is influenced by a complex combination of different forces and are overcome by negative, or in the best case neutral, emotions, which makes trade an extremely psychological process.

We must also admit that while there is no crowd of sellers, there are no panicked buyers as well.

As we all know, the psychological factors are very stable and difficult to overcome.

That's why I don't expect any shakes or long term changes on BSE in the following days. The market participants will be rather bored this week. Some traders may decide to test optimistic tendencies but in my opinion we can't expect a reversal in the trend soon.

Teodora Gogova, broker, Balkan Investment Company

I believe the calmness of the past two weeks will continue to reign on BSE. The reason to a large extent is the contradictory news coming from the US, which makes foreign investors extremely cautions.

I don't think the SPO of Sparky Eltos will bring to much excitement as we are used to seeing during public offerings. The consolidated reports of companies will be the main factor setting the mood.

Stefan Angelov, broker, Varchev Finance Jsc

The bad news coming from the US and the tension on the Balkans will no doubt have an impact on BSE.

I expect indexes to decline at the beginning of the week, but to stabilize in the following days.

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