Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

Best performing Rasdaq companies might be floated on BVB

The Bucharest Stock Exchange (BVB) is intending to open a separate tier for floating the best performing stocks currently traded on the Rasdaq over-the-counter market according to the rules of the BVB, Rasdaq Director Anca Dumitru told a capital market forum on Thursday.

'The best performing Rasdaq stocks would be listed on a special tier and traded as the stocks are on the main, regulated market. The new tier should be called Rasdaq Star,' said Dumitru. The emergence of the new tier would entail expanding the regulated market of BVB, increasing transparency, boosting investors' interest and improving liquidity. 'The companies to be listed on the new tier should have a minimum capitalisation of 1 million euro, they should have worked on a profit for three years and own 25 percent of the free float. There are currently many companies meeting these requirements, companies that have recorded exceptional yields of 100 and even 200 percent per year,' Dumitru explained. The project will be submitted to the National Securities Commission for approval, and in three months' time a list of the companies qualifying for trade on the new tier, according to the Q3 2008 results, will be out. The companies will be monitored for six months, after which time BVB will decide what companies have reached a level allowing them to be traded on a regulated market. 'There are currently 400 companies on the list, but we have spotted 25 companies with exceptional results as of July 1,' said Dumitru. BVB Chairman Stere Farmache says the companies traded on Rasdaq are an important potential for BVB, as they provided 30 percent of the BVB business turnover in 2007. According to Dumitru, the Rasdaq is a regulated market in some aspects, but its status of a regulated market is inconsequential. Sursa: http://www.rompress.ro

Tags: companies bvb rasdaq regulated dumitru market performing euro

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