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Investors on Stock Exchange more optimistic with year starting on high note

First trading session on the Bucharest Stock Exchange (BVB) this week confirmed the good start at the beginning of the year, with the price of the shares having seen growth by 3 percent on Monday.

The value of the trades on the two markets stood at 17.9 million lei (approx. 4.2 million euro) thus taking the turnover average in January to 12.8 million lei per day (3 million euro), that is an increase by 66 percent on December 2008.

There were transferred 0.92 percent of the bonds IBRD (International Bank for Reconstruction and Development) issued on the BVB on Monday, with trades having reached a total value of more than 1 million euro. Brokers say they detected a sense of optimism among the investors, braked nevertheless by the low liquidity level, which makes some investors postpone the decision to enter the market in a more hearted manner, Business Standard daily reads on Monday.

'Customers also appear more optimistic, with a significant part of them even showing they are prepared to return to the Stock Exchange again, but we have to find for them where to invest, in which issuers. Turnovers still quite low limit the possibility to sell and, implicitly, to exit the shareholding of certain companies, in case of need,' general manager of Estinvest Lucian Isac said, quoted by the abovesaid daily.

Other brokers too confirm the higher interest in the Stock Exchange and stimulate responsible investors. 'I have noticed a higher interest among the investors, who began to ask themselves whether to return to resume activity on the Stock Exchange or not. My advice for them is to enter by 10-15 percent of the funds now and, as things evolve, to invest higher amounts later or, on the contrary, more-tempered,' said Rodica Albu, brokerage manager of Romcapital quoted by Business Standard.

BET and BET-FI climbed on Monday by 4.2 and 3 percent respectively, ignoring thus, at least for the moment, slumps of 1 percent on European Stock Exchanges were recorded at BVB closure. 'I expect higher yields on dividends too. And I say this because investing in companies such as the state-owned ones, which are forced to share half of their profit, might represent a better way to attract investors,' Isac also said.

 

Sursa: http://www.rompress.ro

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