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© Elana Trading |
market Highlights
The week begun in the red but the level of 1 000 points provided strong support of SOFIX and the main index closed above it for consecutive session. Speculators continued to define the direction but the market retained its pattern – early weakness that had been gradually overcome during the last hour of the trading. Central Cooperative Bank (4CF: 3.61; +3.14%) outperformed the banking sector. The serial large package transaction improved 4CF’s turnover. After the market close Corporate Commercial Bank (6C9: 90.26; -1.26%) announced that will lead a GMS on September 18, 2008 with main item in the agenda 2008 profit allocation decision. The shareholders will vote not to pay dividends and the 2008 profit to be set as a capital. Odessos (5ODE: 244.00; +9.80%) made the consecutive good session and supported BG40. Kaolin (6K1: 7.50; 0.00%) closed unchanged after a volatile trading. The company was subject of market buy order and hit BGN 8.00 whereupon was pushed down to BGN 6.90.
BG40 (LS)/SOFIX (RS) (chart)
| SOFIX | 1000.57 | -1.19% | -12.00 |
| BG40 | 251.65 | 0.78% | 1.96 |
| BGTR30 | 657.94 | -0.80% | -5.31 |
| BGREIT | 88.54 | -1.06% | -0.95 |
| Number | Turnover | |
| Stocks | 509 403 | 476 627.11 |
| Bonds | 4 | 7 858.04 |
| Compensatory Notes | 78 469 | 31 159.08 |
| Primary market | - | - |
Stocks in focus
Sopharma (chart)
The July’s sales of Sopharma (3JR: 4.40; -11.11%) increased by 35.43% y-o-y. The revenues from the domestic market improved by 34.47% as well as the export increased by 36.28% on yearly basis. The revenues for the firs seven months of the year added 6.34%. The modernization of ampoules facility during the 1Q is also weighting negatively on revenues.
The company was under pressure during Monday’s session but in light volumes. 4 933 shares changed hands.
BILLBOARD (chart)
Billboard (5BP: 4.82; -3.56%) will invest EUR 11.6 m till the end of the year, mainly for new equipment. Most of the money will be directed to Varna for establishment of new printing facility and for purchasing of new machines. The non-consolidated 1H financial results solidly improved on yearly basis.
The news didn’t influence the trading with company’s shares and the volumes remained insignificant.
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http://reports.aiidatapro.com/BBB/Elana/04_08_2008_Bulgaria_Daily_Report.pdf
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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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01 08 2008 Bulgaria Daily Report.pdf, 55 Kb
