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Brokers predict small shares' profit will increase

Investment funds are most interested in buying bonds on the Romanian market, as they are looking for fixed-income instruments and continue to bet on the reduction of the key interest rate implemented by the National Bank of Romania (BNR), the Ziarul Financiar daily cites Darie Moldovan, trading director with Broker brokerage firm in Cluj, as saying.

Stock exchange transfers on the bond market stood at over 21.5 million euros on Thursday, with the total money circulation of the Bucharest Stock Exchange (BVB) amounting to some 25.7 million euros on that day.

According to the source, small shares that lagged behind and were significantly traded on the stock exchange this week started to report profit and are predicted to be subject to future corrections, but no steep decreases are projected.

'In other words, I do not expect rising volatility on the market, as the Stock Exchange seems to have reached a dead end that can be overcome only through the widening of external variations,' Moldovan said.

In fact, the main foreign markets had on Thursday an extremely low volatility as well, with indices reporting variations below 1 percent. 'The evolution of the local market was perfectly correlated with that of the foreign markets and I believe we will see the same stillness on the Bucharest Stock Exchange over the next days as well. This is rather a waiting moment, as investors have the necessary money, but they prefer not to buy at present,' Moldovan pointed out, quoted by the daily.

Sursa: http://www.agerpres.ro

Tags: exchange stock bvb bnr bet

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