market WRAP-UP
The indexes ended the last session of the week in different directions. BG40 advanced by 1.57% to 142.77, BG TR30 remained unchanged at 354.72, SOFIX lost 0.89% to 467.83, while BG REIT slipped by 0.09% to 53.45. The day gainer was M+S Hydraulic (5MH, BGN 5.50, +10.0%) but with small daily turnover, followed by Odessos Shiprepair Yard (5ODE, BGN 158.55, +8.60%) and Zarneni Hrani Bulgaria (T43, BGN 0.90, +5.29%). The main down pressure came from Holding Roads (6H2, BGN 4.05, -6.25%), Central Cooperative Bank (4CF, BGN 1.23, -6.24%), Industrial Holding Bulgaria (4ID, BGN 2.54, - 4.19%) and Bulgarian American credit Bank (5BN, BGN 18.00, -4.70%). There were no volumes on the REIT market and the quiet trades kept price levels unchanged.
| Sofix | BG 40 | BGREIT | BGTR30 | |
| Value | 467.83 | 142.77 | 53.45 | 354.72 |
| 1-day change (%) | -0.89 | 1.57 | -0.17 | 0.00 |
| 7-day change (%) | -4.95 | 1.08 | -2.69 | -1.22 |
| 90-day change (%) | -53.61 | -43.99 | -39.77 | -46.45 |
| 365-day change (%) | -74.86 | -74.89 | -46.55 | -64.53 |
Note: BG REIT and BG TR30 started 31 August 2007
| BSE Daily Volume | 600 704 |
| BSE Daily Turnover | 3 620 009 |
| Average Daily Turnover YTD | 10 516 167 |
| Average Daily Turnover 12 months | 16 875 591 |
Most recent macro data
| Inflation (HICP, M/M September) | 0.9% |
| Inflation (HICP, cum. 2008) | 8.0% |
| LEONIA Reference Rate | 5.58% |
| SOFIBOR /3 months/ | 7.836% |
| GDP Growth (Y/Y H1 2008) | 7.1% |
| Unemployment (September 2008) | 5.8% |
exchange rates
| Current | Change | |
| BGN/USD | 1.53326 | 0.00168 |
| BGN/EUR | 1.95583 | Fixed |
| EUR/USD | 1.2756 | -0.0014 |
Sofix/ BG 40 / BGREIT / BGTR30 (charts)
DAILY TRADING (selected stocks)
All figures in BGN (BGN/EUR rate fixed at 1.95583)
Compensatory Instruments (table)
ECONOMY AND POLITICS
Financial sector
The number of extended credits declines QoQ in Q3'08
Bulgarian banks gave 9,259 new corporate loans in July-September compared to 9,724 in the previous quarter, showed BNB data.
Households received 103,332 loans, down from 121 208 in the three months before.
The real sector was waiting to see which way the global economy would go and whether the crisis has hit the bottom, said UBB executive director Stiliyan Vatev. Bankers commented that the ongoing crisis is making all market players more disciplined after the wild euphoria of the recent years.
Source: Dnevnik
CORPORATE news
Kremikovtzi AD [4KW]
Government displeased at court decision over Kremikovtzi receiver
The Bulgarian Prime Minister Sergei Stanishev and Energy Minister Petar Dimitrov criticized Sofia appellate court’s ruling declaring Kremikovtzi receiver's appointment void and said it blocked taking any decision on the troubled steel maker. According to Stanishev the court ruling was totally unmotivated and impeded the government’s efforts to pay out workers’ wages.
The energy minister pledged the case will be referred to the chief prosecutor on suspicions of malice.
Source: Dnevnik
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