Severin Vertigov:I Expect Indexes To End The Year With Zero Change

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Severin Vertigov:I Expect Indexes To End The Year With Zero Change

Profit.bg talked to Severin Vertigov, BenchMark Asset Management portfolio manager and Dimitar Vertigov, Corporate Commercial Bank investment banking director.

Asked about his expectations of trade on BSE this year Severin Vertigov said that several factors are going to have an impact.

Political risks, in his words, are the most important ones. The European Commission's report on the progress in the fight against corruption, which is due June 16, will influence the stock price of infrastructural companies.

Another important factor in the short term perspective is the release of H1 financial reports, expected towards end of July.

As a whole, Severin Vertgov said he was an optimist and expects indexes to end the year with zero change.

It is too early to talk about regaining investors' trust after the correction on BSE of the past three months, Dimitar Vertigov added.

The introduction of the new trade platform Xetra is a very positive thing. It will boost liquidity and will win investors' trust again.

In the past month there was almost no redemption in BenchMark, subscriptions predominated, but it is too early to say the market has calmed down completely, Severin Vertgov pointed out.

Corporate Commercial Bank's Asset Management company has raised some 10 mln leva despite the situation on the market.

We all hope that the new platform will boost liquidity and make Bulgarian companies more accessible. We must be realistic, we cannot expect to see any results in the next few months he added.

All foreign investors that may hold an interest in the Bulgarian Stock Exchange have already signed a contract with a broker and is already trading. The popularization of BSE will take some time, he pointed out.

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