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Brokers expect decline on BVB this week

Publicat la 07.09.2008, 21:00:00

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Brokers expect decline on BVB this week

 “According to our data, we will face increased volatility and risk on the share markets. Furthermore, it is possible to re-test the minimum quotations of this year,” said brokerage company IFB Finwest’s Trading Manager, Sorin Carstea.

Deals made last week on BVB amounted to €38.6 million, some 70 percent higher week-on-week.

During Friday’s session, quotations declined swiftly. The index of financial investment companies (SIF), BET-FI, declined as much as 6.1 percent. In the first two days of the week, the index had gained a staggering 13 percent.

Brokers expect further shares depreciation, following the trend of foreign markets.

 

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