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market Highlights
The Bulgarian stock exchange leaded in exploitation the new trading system XETRA. Because of this the all bid and ask offers were erased before Monday’s session and investors must renew their orders in the on-line system COBOS. The trading activity decreased as most of the players stayed away from the market and just watched. It is more probable that volumes and numbers of deals to remain low this week. The usually liquid positions like Chimimport (6C4: 9.88; -2.18%) and Monbat (5MB: 13.38; -0.07%) were traded in insignificant volumes. Kremikovtzi (4KW: 2.78; +20.35%) again attracted the market’s attention. The company was subject of volatility interruptions as the price moved in wide range and closed the session below the daily average price. Slight selling pressure pushed down Enemona (E4A: 19.48; -0.61%) as only 651 shares changed hands. First Investment Bank (5F4: 7.22; +1.69%) outperformed among banking sector.
| SOFIX | 1194.28 | 0.00% | +0.04 |
| BG40 | 326.24 | 0.09% | +0.30 |
| BGTR30 | 805.02 | 0.04% | +0.34 |
| BGREIT | 95.82 | 2.19% | +2.05 |
| Number | Turnover | |
| Stocks | 142 699 | 1 896 152.50 |
| Bonds | 33 | 39 350 |
| Compensatory Notes | 2 298 077 | 991 597.84 |
| Primary market | - | - |
Stocks in focus
Billboard (chart)
The GMS of Billboard (5BP: 11.83; +2.87%) will vote for capital increase from BGN 7.5 m to BGN 15 m with own funds. 1Q consolidated net profit of 5BP amounted BGN 394 000 or is up by 46% y-o-y as well as sales. Trailing P/E of 16.75 is slightly above the market average. Recently, one of Billboard’s daughter companies won the exclusive rights for advertisements in Mall of Varna. The news supported company’s shares and they hit BGN 12.50 in light volumes.
ODES (chart)
The GMS of Odessos (5ODE: 260.40; +2.93%) decided to allocate BGN 1.9 net dividend per share. The company is still below its high prices as the level of BGN 300 provided strong resistance. 62 shares changed hands on Monday’s session.
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Copyright: 2006 Elana Trading. All rights reserved.For further Information please contact Elana Trading, 49 Bulgaria blvd. , 1404 SofiaPhone: +359 2 810 00 40, fax: +359 2 810 00 99, e-mail: research@elana.net, web site: http://www.elana.net
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16 06 2008 Bulgaria Daily Report.pdf, 51 Kb
