Borislav Ganozov, IP Favorit
After the record oversubscription in Trace Group Hold's IPO we can expect a very interesting week on the Bulgarian Stock Exchange. It is difficult to draw conclusions about the amount of cash, which is ready to be invested into stock, but the number of investors in Trace's IPO (more than 4,000) speaks for itself. Most companies will present their January – September reports by the end of the week, which will also define the mood on the local stock market.
Ivan Barchovski, portfolio manager in MKB Unionbank
The final results from Trace Group Hold's IPO will be announced today, however, the maximum amount of satisfied orders will be for no more than 15,000 leva (even for the largest orders placed), which is absolutely unacceptable for big institutional investors. This, as well as the Q3 financial reports due to be released, will boost trade and we can expect large turnovers on both directions. The time is also approaching for the rest of the IPOs scheduled this year, so a lot of players will be assessing their strategies and restructuring their portfolios.
Ivaylo Stoyanov, investment consultant in Capman Assets Management
Trace Group Hold's IPO (the results) is no doubt the most important event for the stock market this week. The large oversubscription and the fact that some investment intermediaries required cash proof for orders, led to some accumualtion of resources, which I expect to be poured in the stock market and provide an additional boost. On the other hand, some banks demand cancellation of repo deals, which will cause a lot of selling. To put it shortly, I expect some volatility this week, and no big changes for indexes .