market Highlights
Thursday’s session passed in usual low activity and the red color predominated. The Bulgarian market couldn’t join the overall enthusiasm and weakened again. The main index SOFIX declined under the heavy influence of Bulgarian American credit Bank (5BN: 47.00; -6.02%). The already placed buy orders of 5BN are thin and could be easily overcome. M+S Hydraulic (5MH: 7.98; +19.11%) outperformed the market in moderate volumes. The company was subject of buying interest since the market open. Several large buy offers around BGN 7.00 also supported the price during the session. Holding Roads (6H2: 15.00; +3.45%) was the best performer in the infrastructure sector in insignificant volumes. The Financial Supervision Commission registered the new shares from the recent capital increase of 6H2 and they will be listed for trading in short term. The fertilizer producer Neochim (3NB: 76.30; -4.62%) fall below the threshold of BGN 80.00 in moderate volumes, probably due to the forthcoming voting of increasing of natural gas price.
Stocks in focus
Monbat
In August 2008 Monbat (5MB: 9.80; -2.00%) generated net incomes from sales to of BGN 15 m, which represents 39.85% growth as compared to August 2007. The summarized data for the first eight months of 2008 show that the company’s sales increased by 67.07% y-o-y to BGN 120.5 m. The net profit of 5MB for August was BGN 2.9 m or 44.81% above August, 2007. The summarized profit amount BGN 20.7 m.
The battery producer swung between BGN 9.80 and BGN 10.00 during the session. Several large deals supported the total turnover of the position.
| SOFIX | 848.74 | -0.79% | -6.72 |
| BG40 | 205.11 | -1.05% | -2.17 |
| BGTR30 | 556.73 | -1.10% | -6.20 |
| BGREIT | 80.95 | -0.91% | -0.74 |
| Number | Turnover | |
| Stocks | 970 704 | 3 060 762.62 |
| Bonds | 2 257 | 3 758 278.81 |
| Compensatory Notes | 6 068 | 2 205.25 |
| Primary market | - | - |
BG 40 (LS) / SOFIX (RS) (chart)
Monbat (chart)
No major corporate news today.
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Copyright: 2006 Elana Trading. All rights reserved.For further Information please contact Elana Trading, 49 Bulgaria blvd. , 1404 Sofia. Phone: +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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25 09 2008 Bulgaria Daily Report.pdf, 55 Kb
