SIFs are fighting October lows at the end of January 2009 on BVB

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SIFs are fighting October lows at the end of January 2009 on BVB

 

The BET main index, which monitors the top ten most liquid shares, totaled losses worth 20 percent in January. The BET-FI index of the 5 financial investment companies (SIF), yesterday tested the lows registered in October 2008, dropping below the 10,000 point threshold, but succeeding in finishing the day above this level.
 
Brokers say that the bounce-back above this threshold was a psychological reaction, and in normal circumstances this should indicate the start of a consolidation.
 
The BET index is presently nine times lower than the all-time highs registered in 2007. Brokers believe that recovering from such a difference could take even more than seven years.