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BVB extends its trading sessions starting this Monday

The trading sessions of the Bucharest Stock Exchange (BVB) will be two hours longer, as of today, Monday, June 9, ending at 4:30 pm, instead of at 2:30 p.m. But brokers say the new measure will not necessarily lead to higher liquidity in the short-run.

Last week, the stock index lost up to 1.8 percent, recovering slightly on Friday. Brokers expect a good start to the week, amid smaller transactions, as investors are expecting confirmations of good economic results and half-year financial reports of listed companies. 'Unless bad news comes from the U.S., our market should consider good macro-economic information at home,' according to Vanguard brokerage company's Operations Manager, Bogdan Barbieru. In the past five days, financial investment companies (SIF) lost 1.67 percent, while the top 10 companies with the highest liquidity lost 1.8 percent. The company with the highest growth was Policolor paint producer, with an increase of 14.9 percent in quotation last week. Sursa: http://www.rompress.ro

Tags: bvb sif

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