Investors Moderately Upbeat about BSE Trend in Wake of Recent Slumps

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Investors Moderately Upbeat about BSE Trend in Wake of Recent Slumps

The decline of the indexes of the Bulgarian Stock Exchange (BSE) in the recent months has dampened investors' optimism. BSE's stock indexes have registered declines of over 25% so far ин 2008 after hitting all-time highs towards the end of 2007.

The indexes will pick up slowly after the consolidation ends, according to 57% of the respondents in Profit.bg's inquiry regarding the future trend of the capital market.

A total of 24% of the interviewed are very bullish, which can still be considered as a relatively high percentage. They are the second largest group of respondents.

A total of 10% of the respondents forecast that the indexes will plummet after the consolidation ends, while 9% believe that the indexes will decline slightly.

A total of 283 people cast their predictions in the inquiry posted on financial portal Profit.bg.

To a certain extent the predictions of the majority of the respondents have proven to be wrong so far as the indexes registered steep declines after the consolidation ended.

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