BT shares had a significant influence over the trading session at BVB, close to suspension
Nine o'Clock - 8 Ianuarie 2009
The strong drop of the shares of Transilvania Bank (BT) continued to significantly influence BET index, which represent the ten most liquid shares, resulting in the decrease of the indicator by 12.22 per cent, but the board of Bucharest Stock Exchange (BVB) decided that the trading session would not be suspended.
"The influence of the shares of Banca Transilvania over the decrease of BET index was very high, considering the overall trading activity took place within the limits of an ordered market. Therefore, BVB decided that the trading session would take place without interruptions, based on the regular schedule," according to a press release issued by the market operator.
At 10: 40, BET index was posing a decrease by 11.33 per cent, following that five minutes before, it was below the level reached on Tuesday by 12.22 per cent. The general index of BVB, BET-C, was below the reference by 11.7 per cent, after the first 40 minutes of trading.
The shares of the bank account for 16.74 per cent within the general index of BVB, and they account for 17.92 per cent of BET index of the most ten liquid shares, at the same time.
The shares of Transilvania Bank were suspended from transfer over September 12, 2008 - January 6, 2009, for the consolidation of the nominal value, from RON 0.1 to RON 1. The shares of the lending institution had a significant influence also on the extended index of BVB, BET - XT, which posed a decrease by 9.38 per cent. In spite of opening the day at quotations over the reference value, after the first 40 trading minutes, SIF shares were transferred at prices by 2.3 per cent lower, and the shares of companies active in energy were also posing a slight decrease, by 0.75 per cent.
Sursa: http://www.nineoclock.ro
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