Brokers: The Attention is Focused on Consolidated Reports

Brokers: The Attention is Focused on Consolidated Reports asked three market participants to share their expectations for trade in the next five days. Here is what they told us:

Razvigor Hristov, investment consultant, KD Securities,

Investors' attention this week will be focused entirely on the consolidated reports of public companies. The financial results of the larger holdings will be of much interest. Last week started with a lot of optimism on BSE and ended with a certain consolidation of prices, which is very likely to continue this week as well.

Tamara Becheva, analyst, Elana Trading

If purchases don't pick up pace at the beginning of the week I will not expect to see a lot of activity in the remaining four days. Indexes will stay around present levels and in my opinion even the release of consolidated reports will not influence stock prices significantly. The enthusiasm that emerged on the market in mid-May has faded away and I do not see any incentive that could bring it back. Speculations will be the driving force this week.

Galya Stefanova, broker, Status Invest

Monday will be the most important day this week as it is the starting day for trade in shares of Unifarm Jsc. The company's stock exchange debut has been much anticipated and will be in the center of attention today.

Several companies have scheduled general meetings of shareholders this week – Toplivo, Emka, Corporate Commercial Bank etc. I do not expect this week to be very different from the past, although investors sentiment may be slightly more positive.

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