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Sibex – the euro estimated at 4.5234 lei for June 2011

Although the BNR officials tried to calm down the last statements, the Sibex future market the euro was rated with a strong increase against the national currency at 4.4153 lei/euro for derivates with maturity for September 2010, 4.4732 lei/euro with maturity December 2010, 4.4939 lei/euro for March 2011 and 4.5234 lei/euro for June 2011, a press release of the Sibiu Stock Exchange says.

The sellers were very few and those who looked to block their foreign currency exchange rate by buying future contracts forced the prices EUR/RON very quickly to the maximum of the day.

All the four maturities reached the maximum limit of variation around 4 :00 p.m. when the sellers disappeared from the market. In order to buy a futures contract of 1,000 euro you have to deposit to the Romanian House of Compensation a guarantee of 95 lei and a gain of 750 points means a profit of 75 lei, so those who bet on the euro won extremely well.For the next maturity, September 2010, the sellers went back onto the market and the euro was rated at 4.4 lei around 4 :30 pm.

The shares on the market continued to drop and those who bet short and try to get profit from the decrease of the market went for sale and on Sibex where the market dropped suddenly from 1,2385 for SIF Oltenia with maturity September 2010 to 1,1801 under one hour of trading, meaning over 580 points decrease.

Sursa: http://www.actmedia.eu

Tags: euro market sibex bet sif bnr

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