Q3 Reports and Trace Group Hold's IPO Dictate The Mood On BSE Next Week

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Q3 Reports and Trace Group Hold's IPO Dictate The Mood On BSE Next Week

Local indexes advanced today on investors' expectations of huge oversubscription in the IPO of Trace Group Hold which is held today, and in search of winning positions for next week.

BG40 added the most – 1.6% to 613.25 points. After some fluctuations during the week, today the indicator passed the psychological level of 600 points once again. On a weekly basis the index added 3%.

BGTR30 gained 1.07% to 1 204.92 points, while SOFIX advanced 0.8%.

Today investors focused on more liquid issues. Eurohold surged 6.7% to 8.63 leva at a turnover of nearly 50,000 shares.

Euroins climbed 5.6% TO 19.55 leva at a turnover of more than 4,300 shares.

After a quite negative start of the week, Mostsroy rebound today. 180 shares changed hands at an average of 2 870.92 leva, or 5.2% up from yesterday.

Lomsko Pivo surged after a good January – September report released yesterday and showing the company's profit jumped 500% y/y. The stock added 5.8% to 4.41 leva at a turnover of more than 39,500 shares.

Web Media Group was also among today's winners. A little over 10,000 shares changed hands, adding 19.85% to the company's market capitalization.

As the deadline for submission of Q3 reports approaches, experts believe this will be the defining factor for the mood on the local stock exchange next week.

Indexes may be boosted by capital inflow, which was saved by some investors for Trace Group Hold's IPO, as experts forecast huge oversubscription of the holding's shares.

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