Brokers serving foreigners engage in major transactions, but these matter less on the market

August brought growth of over 8 percent for the BET index, while the financial investment companies (SIF) gained even more, at an average of some 16 percent. Both indices dropped some 16 percent in February.

The brokers of KBC, which dominated the market last year, meeting with sharp competition from other brokerage firms since the beginning of this year, carried out share transactions in August worth over €19 million, almost double those in February, while the company’s market share almost halved to some 7 percent from 13 percent.

“Foreign speculative investment funds are missing on our market. Similarly, we cannot speak of a powerful presence of funds that engage in medium and long-term investments until we see signs of an improvement at the macroeconomic level,” said the director of one of the major brokerage firms on the market.