Brokers: Trade Activity to Depend on Institutional Investors

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Brokers: Trade Activity to Depend on Institutional Investors

The year's first quarter ends today (31 March). Today is also the deadline for release of the public companies' audited reports. Profit.bg asked three market experts to share their expectations of trade in the following five days:

Georgi Biserinsky, portfolio manager, KD Securities

Even though investors' attention is still focused on international markets, I think we are about to see an interesting week. Many companies have not yet submitted their unaudited reports and today is the deadline.

I expect high volatility throughout the week. Stock prices right now make the time perfect for portfolio structuring and the unaudited reports will determine investors' choices. I will also be closely watching the forthcoming general meetings, which will be attended by more and more investors.

Veselin Morov, broker, Naba Invest

In my opinion this week we will see thin trade and low turnovers, which will initiate a short period of consolidation before the release of Q1 reports.

The volatility on the foreign markets and the activity of institutional investors will be the main factor influencing the trade dynamics in the following five days.

Bojidar Pavlov, broker, Bora Invest

I would divide the week in two periods – an active March 31 and then four sluggish days.

March 31 is a day of reevaluation of assets so I expect very active trade (especially in the final hour) and high turnover.

I do not expect to see anything interesting during the rest of the week, in spite if the upcoming two auctions and several capital increases. International news will also be an important factor.

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

Photo: BGNES

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