Brokers: Investors Are Divided In Their Expectations This Week

Brokers: Investors Are Divided In Their Expectations This Week

As usual, each Monday, we talk to three market experts about their predictions for trade in the following five days.

Nikola Tsokev, broker, EFG Securities

Investors are divided in their expectations about the trend this week. A growing enthusiasm for sales can be noticed, mainly on the more liquid positions. This is also fuelled by rising interst on the part of foreign investors and Bulgarian pension funds.

Some individual investors, however, are still pessimistic. They tend to panic after each decline. A few institutional investors are also among those who are selling, due to either fears or liquidity problems.

This is why I expect to see fluctuations and swings in both directions, even within the same day.

Ivo Tolev, investment consultant

There are no important corporate events or news that may define a specific trend this week. The mood of most market participants is not very enthusiastic.

We won't see any sharp changes in turnover levels and with indexes. Investors are still waiting for clearer signs. They will continue to be cautious not only this, but in the following weeks as well.

Veselin Morov, broker, Naba Invest

I don't expect and significant changes to happen this week as there are no corporate events and due to the continuing uncertainty about the mid-term price range on BSE.

Institutional investors will be supporting indexes to a certain extent. But in order for things to really improve, investors will need to see convincing Q1 reports and a steady inflow of foreign capital.

*This article is analytical. This is not a recommendation for buying/selling stock.

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