Bulgarian stocks remained near the flat line. Gaines of resort Albena (6AB) offset the pullback of Elana Opportunity Land Fund (4EC). Both shares were very volatile this week as the large spread and the attractive valuation are contributing to the huge price movement in the low volume environment. Most other positions were traded in thin volumes and blue chips posted unusually low number of deals. The activity could pick up during the last trading hour but the lack of fresh news and the subdued activity on Fridays are reasons to expect that the market will close near the present levels.
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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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