The whole week on the exchange was dominated by a negative disposition. The index comprised of the 16 largest companies, SOFIX, ended at 1649,46 points having lost 100,19 points, or 5,73%. The shares of all companies part of the index underwent a price drop.
Trading with the wide BG40 was negative aswell. After the close of business on Friday the index lost 25,55 points, or 4,71%. During the trade session on Tuesday it lost close to 5% of its amount.
BGTR30 made no exception losing 5,10% to drop down to 1052,64 points.
The smallest decrease was that of BGREIT; it lost 1,02% to slide down to 99,53 points.
Data about the trade on the Bulgarian Stock exchange for the period 19.11.2007 −23.11.2007
| market segment | Volume | Value |
| Unofficial share market Segment A | 7 180 665 | 42 725 815.52 |
| Unofficial share market Segment B | 440 389 | 633 281.65 |
| Unofficial market, Other Securities | 7 561 469 | 2 470 984.28 |
| Unofficial Bonds market | 4 390 | 72 674 806.96 |
| Official share market Segment A | 487 604 | 2 964 265.14 |
| Official share market Segment B | 1 208 454 | 20 165 265.06 |
| Official share market Segment C | 0 | 0.00 |
| Official Corporate Bonds market | 48 | 829 895.48 |
| Compensatory market | 682 566 | 446 266.20 |
| Other | 0 | 0.00 |
| TOTAL | 17 565 585 | 142 910 580.29 |
| Previous week | Current week | |||
| 16.11.2007 | 23.11.2007 | Changes | % | |
| SOFIX | 1749.65 | 1649.46 | -100.19 | -5.73 |
| BG40 | 541.90 | 516.35 | -25.55 | -4.71 |
| BG TR30 | 1109.24 | 1052.64 | -56.60 | -5.10 |
| BG REIT | 100.56 | 99.53 | -1.03 | -1.02 |
Changes in the indices on the Bulgarian Stock exchange for the reviewed period
SOFIX 19.11. - 23.11.2007
| Date | Value | Changes (%) | Turnover |
| 23.11.07 | 1649.46 | -0.54% | 1539988.18 |
| 22.11.07 | 1658.47 | -0.19% | 4802251.00 |
| 21.11.07 | 1661.69 | 0.23% | 5981300.26 |
| 20.11.07 | 1657.88 | -3.89% | 2092251.35 |
| 19.11.07 | 1725.03 | -1.41% | 2632601.73 |
BG40 19.11. - 23.11.2007
| Date | Value | Changes | Turnover |
| 23.11.07 | 516.35 | 0.15% | 2545002.14 |
| 22.11.07 | 515.59 | -0.82% | 6576273.63 |
| 21.11.07 | 519.84 | 1.94% | 6188175.75 |
| 20.11.07 | 509.95 | -4.80% | 4698753.43 |
| 19.11.07 | 535.67 | -1.15% | 4222769.24 |
BG TR30 19.11. - 23.11.2007
| Date | Value | Changes |
| 23.11.07 | 1052.64 | -0.68% |
| 22.11.07 | 1059.86 | -1.35% |
| 21.11.07 | 1074.37 | 1.61% |
| 20.11.07 | 1057.37 | -4.00% |
| 19.11.07 | 1101.48 | -0.70% |
BG REIT 19.11. - 23.11.2007
| Date | Value | Changes |
| 23.11.07 | 99.53 | -0.03% |
| 22.11.07 | 99.56 | -0.71% |
| 21.11.07 | 100.27 | -1.47% |
| 20.11.07 | 101.77 | 0.00% |
| 19.11.07 | 101.77 | 1.20% |
SOFIX (chart)
BG40 (chart)
BG TR30 (chart)
BG REIT (chart)
Winners (table)
Losers (table)
This week’s trade ended negatively for all companies part of SOFIX, the main index on the exchange. The greatest price drop registered at this week’s close of business was that of the shares of CB Central Commercial Bank AD – Sofia /CCB/ - 13,77%, followed by the Bulgarian Telecommunication company AD – Sofia /BTC/ - 11.34% and CB Bulgarian-American credit Bank AD – Sofia /BACB/ - 10,02.
From among the representatives of BG40, Holding Varna A AD – Varna /HVAR/ was the only one who registered a minor increase at the close of business with its 0,22%
growth.
During the week, the securities of special-purpose vehicles performed quite well. Trading with the same was within the scope of - 4 / + 4.
At the beginning of the week /November 26/, the initial public offering of the shares of Enemona AD was launched. 2 million shares are offered for subscription. The
method which will be used for the ipo is bookbuilding with price range of BGN 11 to BGN 16,8. The ipo will be considered successful if no less than 1 200 000 of the new
shares are subscribed, or a minimum of 60% of the total issue.
Another ipo was launched this week – that of Agria Group Holding. Starting November 29, offers will be accepted for the purchase of a total of 1,7 million shares with
minimum price of BGN 9 and price range of BGN 9-13. Orders may be market or limited. The company is planning to utilize the funds gathered with the ipo for its
investment program.
At the beginning of December /between the 5th and the 7th/, the ipo of Billboard AD will be made. The minimum issue value of shares will be BGN 3. The results from
the ipo will be determined by negotiations and consensus on the price of the shares offered on December 8. The ipo will be considered successful if no less than 1 200
000 of the shares are subscribed.
On December 15, the General Meeting of the shareholders of Specialized Business Systems AD will be held in order to vote on a split by virtue of which the par value
of the company shares will be decreased from BGN 50 to BGN 1. The last date on which transactions will be concluded with the right to take part in the meeting is
November 28.
The Financial Supervision Commission approved a prospectus for secondary public offering of shares issued by Domokat AD, Sofia. The price at which the shares will
be introduced for trading is BGN 3 and the capital registered by the court amounts to BGN 1 690 000 allocated into the same number of shares, each with par value of
BGN 1. The company operates in the field of constriction, public infrastructural sites, renovation of large hotel complexes, etc. The major site of the company in Sofia is
the construction of Panorama residential complex in Dragalevtsi HE.
Collective investment schemes – yield as at 23.11.2007 (table)
Capman Financial Group – Corporate news
Yalamov: The market is undergoing quite normal adjustment
The market is undergoing quite normal adjustment which may prove to be healthy, said Nikolay Yalamov, managing director of Capman investment broker and member of the Bulgarian Association of Licensed Investment Brokers, during the conference held today (“Is the Stock exchange Overheating”).
Regardless of such adjustment, Yalamov said that he expected a growing trend for the next 1-2, or maybe even 3 years.
The reasons for such adjustment, even if expected, are more than one, said Yalamov. „The first is that it is not normal for the yield on the Bulgarian market to exceed that on the European market, even if a great part of the companies made their business legal.”
„Second, a great part of investors have insufficient financial knowledge. Third, great interests and resources were directed to the market which is not that great, thus contributing to a price rise.
“The current situation may reallyprove to be healthy since purely speculative funds will exit the market. Namely insufficient financial knowledge must bring to light collective investment schemes where investments are managed by professionals,” added Yalamov.
This adjustment will influence the forthcoming IPO’s as well. Regardless of the fact that some of them may be oversubscribed several times at the first day of the ipo, the shares may be traded below the issue value.
Yalamov added that short sales are not an end in themselves. “They require liquidity, good clearing and possibly other preceding instruments.”
The whole week on the exchange was dominated by a negative disposition. The index comprised of the 16 largest companies, SOFIX, ended at 1649,46 points having lost 100,19 points, or 5,73%. The shares of all companies part of the index underwent a price drop.
Trading with the wide BG40 was negative aswell. After the close of business on Friday the index lost 25,55 points, or 4,71%. During the trade session on Tuesday it lost close to 5% of its amount.
BGTR30 made no exception losing 5,10% to drop down to 1052,64 points.
The smallest decrease was that of BGREIT; it lost 1,02% to slide down to 99,53 points.
*****
To view the original document, click the attached file of click on the link below:
http://reports.aiidatapro.com/BBB/Capman/Capman_Weekly_19.11-23.11.2007.pdf
*****
Copyright: 2007 Capman AD. All rights reserved. For further Information please contact Capman, 8 Tri Ushi Str., Fl. 6, 1301 Sofia, Bulgaria
Tel. ++359 2 810 60, fax: +359 2 810 60 33, e-mail: mail@capmanbg.com, web site: http://www.capmanbg.com
*****
AII Data Processing does not endorse in any way, the views, opinions or recommendations expressed above. The use of the Information is subject to the terms and conditions as published by the original source, which you have to read and accept in full prior to the execution of any actions taken in reliance on Information contained herein.
 | SeeNews SeeNews is a business and financial news and information provider which brings its visitors and customers access to detailed coverage on the fast-growing companies, economies and markets of ten Southeast European nations. |
Search for: investments |
Search for: news |
Search for: market |
Search for: ipo |
Search for: share |
Search for: company |
Search for: index |
Search for: indices |
Search for: exchange |
Search for: broker |
Search for: conference |
Search for: chart |
Search for: credit |
Search for: sales |
Search for: Bulgaria |
Search for: professionals |
Capman Weekly 19.11-23.11.2007.pdf, 241 Kb
