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© Elana Trading |
market Highlights
Bulgarian stocks resumed their decline on Thursday. Blue chips underperformed the broad market for consecutive session. Sopharma (3JR: 3.70; -7.48%) and Bulgarian American credit Bank fell the most but only the pharmaceutical company traded in elevated volumes and under serious selling pressure. Sopharma penetrated the support level of BNG 4.00. BACB weighted on SOFIX as shares traded in the current broad spread between bid and ask prices. The trading remained moderate and most shares are falling without visible support from the market. We expected a stabilization of indices during the second half of the week, which seams pretty optimistic stance as Thursday’s losses of US and European markets will have negative implication on Bulgarian stocks on Friday.
| SOFIX | 989.22 | -0.69% | -6.87 |
| BG40 | 239.31 | -1.56% | -3.80 |
| BGTR30 | 646.24 | -0.39% | -2.55 |
| BGREIT | 85.80 | -0.19% | -0.16 |
| Number | Turnover | |
| Stocks | 709 153 | 2 768 030.83 |
| Bonds | 91 | 184 371.60 |
| Compensatory Notes | 28 680 | 11 128.11 |
| Primary market | - | - |
BG40 (LS)/ SOFIX (RS) (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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04 09 2008 Bulgaria Daily Report.pdf, 43 Kb
