SIFs shares on free fall at BVB
Nine o'Clock - 23 Octombrie 2008
The main shares listed with Bucharest Stock Exchange (BVB) dropped strongly yesterday, immediately after the opening of the Stock Exchange, influenced by the fall of the foreign stock exchanges, in USA by 2.5-4 per cent, in Japan by 6.8 per cent, and also by the expectations connected with the reporting of some bad financial results in the third quarter, Agerpres informs.
SIF3 Transylvania shares attracted the biggest liquidity in the first 15 minutes of the stock exchange session of Wednesday, of over RON 390,000, but their price dropped 14.68 per cent, on the background of a possible canceling of the share capital increase. SIF4 Muntenia titles dropped 4.96 per cent, to RON 0.575/share, while SIF5 Oltenia shares depreciated by 5.96 per cent. BRD SocGen (BRD) shares became 4.62 per cent cheaper, to RON 8.25/title, with a liquidity of RON 73,000. Broker Cluj shares also depreciated by 11.65 per cent, to RON 0.235/share, the transactions totaling with these titles RON 55,000.
Significant depreciations registered also the following shares: Petrom - 3.5 per cent, Azomures - 3.89 per cent, Transgaz - 2.52 per cent.
Wiener Boerse agrees to buy Prague stock exchange
Vienna stock market operator Wiener Boerse agreed on Wednesday to buy a majority stake in the Prague Stock Exchange to boost its position in the emerging markets of central and Eastern Europe, Reuters reports The Vienna operator, which is battling the Warsaw stock exchange for supremacy in the region, will buy the stake from a group of financial shareholders of the Prague exchange, which has failed to match the growth of its larger rivals. Terms of the deal were not disclosed.
Analysts had estimated the Czech stock market operator to be worth up to 5 billion Czech crowns. An Austrian paper reported in September that Wiener Boerse was set to bid at least 200 million euros. Prague's main SPAD trading segment lists 14 stocks and has a market capitalisation of more than USD 100 billion, including two secondary listings of Austrian financial stocks worth USD 30 billion.
The Warsaw bourse had wanted to buy its Czech rival, but was excluded from the process because it is state-owned. The Vienna bourse already controls its Budapest and Ljubljana peers.
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