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Stock market investors recovered 1 billion euro in one month

The Bucharest Stock Exchange (BVB) is today closing the month with the highest increase in indexes of the entire year, Business Standard daily reports on Friday.

After historic losses registered in October, shares of stock market investors are worth an extra 1 billion euro month-on-month. A record low in quotations was registered on BVB on October 27. Since then, financial investment companies (SIF) have recovered 50 percent of their value, while the largest listed companies, Petrom oil group and BRD-Groupe Societe Generale lender, gained 40 and 20 percent, respectively.

Although the total value of companies listed on BVB rose 1 billion euro in one month, the growth registered in November only makes up a small portion of losses posted throughout this year by stock market investors. It did not even cover for losses registered in October. When the stock market hit a historic low, on October 27, the listed companies' loss in capitalization totaled 12 billion euro, compared to the end of September.

'These recoveries are welcome, but we must view the evolution of stock market evolution from top to bottom, from the values registered since the beginning of the year, and not the other way around,' said Broker Cluj company's Deputy General Manager, Adrian Ceuca. 'When you realize how little this 50 percent revival means in a client portfolio, it is amazing,' he added.

Brokers have indicated that the stock market could still grow in December, but that BVB is far from rebounding to the sound upward trend of the past years.

 

Sursa: http://www.rompress.ro

Tags: stock month market registered euro billion investors bvb brd sif

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