 |
© Elana Trading |
market Highlights
The week begun with the usual low volumes and volatile trading. The summer lethargy continued to obsess the market and to define the direction. Speculators again were the main drivers and the positions settled between bid and ask spread. Doverie United Holding (5DOV: 6.05; +6.14%) and Holding Roads (6H2: 17.90; +3.77%) outperformed the market but in extremely low volumes. The banking sector closed mainly in the red. Only First Investment Bank (5F4: 5.80; 0.00%) stayed unchanged. deal for 10 000 shares at BGN 5.792 supported bank’s turnover. After Friday’s transaction for almost 1.5% of Bulgarian American credit Bank’s (5BN: 57.00; -4.10%) on Monday the bank was under selling pressure in moderate volumes.
Consolidated 1H 2008 financial reports will attract the market’s attention till the end of the month but is more probable the low liquidity to continue its predomination.
| SOFIX | 1035.67 | -0.22% | -2.24 |
| BG40 | 256.07 | -0.76% | -1.95 |
| BGTR30 | 672.16 | -0.40% | -2.73 |
| BGREIT | 87.06 | -0.57% | -0.50 |
| Number | Turnover | |
| Stocks | 279 133 | 1 323 468.89 |
| Bonds | 27 | 51 895.77 |
| Compensatory Notes | 54 436 | 21 079.72 |
| Primary market | - | - |
BG40 (LS)/ SOFIX (RS) (chart)
Stocks in focus
Stara Planina Hold (chart)
Stara Planina Hold (5SR: 4.44; -0.02%) announced 1H consolidated report after the market close. The net profit declined by 10% y-o-y, mainly due to the lack of positive result from operations with securities. sales slightly improved to BGN 50.5 or by 11% as compared to previous year. Trailing P/E of 11.5 is below the market average as well as P/S of 0.93. End of period cash amounted BGN 5.3 m. the company was traded in moderate volumes on Monday and closed the session hardly changed.
Chimimport
Chimimport (6C4: 8.73; +0.31%), announced that successfully priced and placed EUR 65 m seven-year secured bonds exchangeable for its ordinary shares listed on the BSE. The issue size can be further increased by up to EUR 15 m at the terms fixed at pricing. The Bonds are issued by the company’s finance subsidiary – Chimimport Holland B.V. 11.6 m existing ordinary shares of 6C4 held by its majority shareholder, Chimimport Invest will be secured for the benefit of the Bondholders pursuant to a share pledge and will be blocked from any dealings. The Bonds are issued at 100% and will be redeemed on August, 22 2015 at 118.9% of the principal amount thereof plus accrued interest. The Bonds carry a fixed 7% annual coupon. The bonds will be offered for trading on August, 22.
Chimimport (chart)
BGTR30
At its meeting on August 15, 2008 the Board of Directors of BSE-Sofia decided to took out from the calculations of BGTR30 Holding Varna (5V2: 22.10; - 7.53%) , M+S Hydraulic (5MH: 7.14; 0.00%), Petrol (5PET: 9.35; -1.58%), Plovdiv-Yuri Gagarin BT (4PX: 60.45; +0.75%), Polimeri (51P), Central Cooperative Bank (4CF: 3.75; -2.50%), Bulgarian Real Estate Fund REIT (5BU: 1.49; -0.67%) and will replace them with Holding Roads (6H2: 17.90; +3.77%), Enemona (E4A: 17.50; -0.45%), Zarneni Hrani Bulgaria (T43: 2.18; -2.15%), Moststroy (5MY: 22.00; -3.92%), Lead & Zinc Complex (5OTZ: 29.70; +3.84%), Sparky Eltos (SL9: 8.25; +0.49%), Trace group Hold (T57: 113.25; -1.53%).
The changes will take place on September 23, 2008.
BGTR30 (chart)
*****
To view the original document, please click on the link below:
http://reports.aiidatapro.com/BBB/Elana/18_08_2008_Bulgaria_Daily_Report.pdf
*****
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
*****
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: news |
Search for: deal |
Search for: market |
Search for: share |
Search for: company |
Search for: report |
Search for: chart |
Search for: credit |
Search for: sales |
Search for: Bulgaria |
18 08 2008 Bulgaria Daily Report.pdf, 62 Kb
