Brokers: Sluggish Trade and Consolidated Reports

Brokers: Sluggish Trade and Consolidated Reports

Each week talks to three market experts about their prognoses on trade in the five days to come.

Ivelina Vasileva, Somoni Financial Brokerage

Last week was a calm period for BSE with no serious price changes and modest turnovers. We may also say there was almost no correlation between BSE and the foreign capital markets.

I don't expect any serious shifts in the following days. Investors will continue to be cautious, and will be submitting low orders with the hope of landing any possible sales.

The equal number of shares in the buy and sell orders is a sign of stabilization. Things may become more interesting when the companies' consolidated Q4 results come out and in case these are more convincing than the non-consolidated ones which, we may safely say, were rather disappointing to investors.

Branislav Ganozov, Favorit Brokerage

I expect slight advances for indexes and turnovers on BSE. Trade with the holdings' stocks will be picking up pace, as these are to post their consolidated 2007 reports this week. The development on the foreign markets will also be something to watch out for.

Kiril Garchev, STS Finance Brokerage

It seems that there are conditions for slight advances of indexes, but the market still lacks the triggering force.

I expect investors to stay cautious and turnovers to be of around 5 mln leva.

Rights issued in the capital increases of Doverie United Holding and Alfa Wood Bulgaria will be floated this week.

I don't think there will be any surprises with the consolidated reports that may provoke a lot of excitement, although sometimes a stir like that is what makes investors more active.

*The opinions here are analytical and do not pose recommendation for buying/selling stock.

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