Bulgarian Stock Exchange - Sofia Weekly market snapshot 25 – 29 August 2008 г. Friday marked the last trading week for August that led to different directions for the four stock indices. Two of the benchmarks ended on the upside while the other two closed on negative territory. The ‘blue-chip’ Sofix witnessed the biggest gain among all indices closing 0.24 percent up on a weekly basis followed by BG TR30 that ended Friday’s session at 664.45 points, or 0.05% up. On the other hand, BG REIT, which comprises real-estate investment trusts, was the biggest loser among the four benchmarks and closed at 86.51 points (-1.23%). The broader BG40 also witnessed a moderate drop falling 0.44% on a weekly basis.   Total market cap on the Bulgarian Stock Exchange stood almost unchanged for the week and reached BGN 20.260 billion at the end of Friday’s trading session which represented a modest increase by almost BGN 50 million WoW. However, weekly turnover for the five sessions was BGN 75.446 million but a little over BGN 46 million (61%) were due to trading with shares of the biggest public company on the BSE Chimimport. CORPORATE NEWS Last week’s focus was primarily on some of the heavily-traded public companies that announced their first-half consolidated reports. However, most companies disappointed investors as slowing global economy impacted their performance unfavorably, but some good news were also available for others. Company Friday’s closing price, BGN Total weekly volume, number of shares Weekly percentage change 2008 first-half consolidated profit 2007 first-half consolidated profit Synergon Holding 6.29 8’029 -8.74 44K 2.17M Enemona 17.50 6’611 2.34 5.16M 3.46M Albena Invest Holding 9.40 2’923 2.84 1.11M 1.47M Holding Patishta 17.90 4’554 3.77 1.42M 2.43M Trace Groups Hold 107.49 1’002 -4.03 -3.12M 5.6M Industrial Holding Bulgaria 6.15 65’818 3.01 7.51M 6.02M Sopharma 4.38 84’756 -2.51 11.46M 16.73M Eurohold Bulgaria 4.87 17’188 1.46 41M N/A Shares of three public companies no longer meet the criteria for short selling and margin trading. Due to inability to meet the liquidity requirements for such trading, securities of Industrial Holding Bulgaria, Sopharma  and Zarneni Hrani were taken out from the original list of companies as long as the regulatory bodies reconsider the case and put them back in the shortlist of eligible companies. FORTHCOMING EVENTS Following the end of the traditionally week month of August we expect traders to re-enter the market and cause higher liquidity on the Stock exchange. However, the first corporate week of September is relatively poor in events with the first notable day being Monday which is the deadline for underwriting shares of Corporate Commercial Bank that give their owners the right to vote on the General Shareholders’ Meeting. Shareholders in wine-cellar Todoroff  will meet on their extraordinary meeting on Wednesday with the main issue being the sale of a hotel owned by the company. The deal is expected to generate an income of over BGN 3 million. The General Shareholders’ meeting of Bulgartabac Holding will take place on Thursday. The week ends with the auction for the unused rights of Advance Terafund REIT on Friday.     Financial Analysts analysts@deltastock.bg * RISK DISCLAIMER: These analyses are for information purposes only. They DO NOT post a BUY or SELL recommendation for any of the financial instruments herein analyzed. The information is obtained from generally accessible data sources. Deltastock Inc. assumes no responsibility for errors, inaccuracies or omissions in these materials, nor shall it be liable for damages arising out of any person's reliance upon the information on this page. Deltastock Inc. shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation, losses or unrealized gains that may result.