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© Elana Trading |
market Highlights
Bulgarian market edged lower on Tuesday, whereas the overall activity improved as several positions attracted market’s attention. SOFIX was traded briefly in positive territory before falling back into the red. 217 218 shares of Chimimport (6C4: 8.11; -1.06%) changed hands during the session and set up the half of the total turnover. The holding stayed in the recent price range. First Investment Bank (5F4: 5.82; -1.35%) was the worst performer among banking sector but in insignificant volumes. The level of BGN 6.00 provided strong resistance. Compensation notes were the most traded positions, leaded by Registered Compensation Vouchers (BLKC: 0.50; +19.05%). Lead and Zinc Complex (5OTZ: 28.90; +4.98%) outperformed in moderate volumes but remained below BGN 30.00.
| SOFIX | 1017.03 | -0.37% | -3.78 |
| BG40 | 250.87 | -0.15% | -0.38 |
| BGTR30 | 658.43 | -0.35% | -2.34 |
| BGREIT | 86.09 | -1.81% | -1.59 |
| Number | Turnover | |
| Stocks | 395 157 | 3 423 520.11 |
| Bonds | 154 | 197 167.67 |
| Compensatory Notes | 1 771 224 | 804 285.67 |
| Primary market | - | - |
BG40 (LS)/ SOFIX (RS) (chart)
Stocks in focus
Toplivo
Investors boosted the shares of Toplivo (3TV: 16.50; +6.80%) up, following the 1H consolidated report of the company. The net profit almost doubled y-o-y to BGN 1 m. sales also improved to BGN 170 m or by 34% on yearly basis. The inventory stayed almost unchanged. End of period cash amounted BGN 4 m. Trailing P/E of 14.85 is above the market average, whereas P/B and P/S remained the lowest.
Toplivo (chart)
ENEMONA
Enemona (E4A: 17.15; +0.76%) also advanced as the consolidated financial results of the company improved on yearly basis. The net profit amounted BGN 5 m as compared to BGN 3.6 m for the same period last year. sales increased by almost 22% y-o-y to BGN 45.5 m. Trailing P/E of 13 is below the market average.
ENEMONA (chart)
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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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26 08 2008 Bulgaria Daily Report.pdf, 54 Kb
