Total liquidity on the two BVB markets was close to RON 10 million (€2.3 million), with brokers convinced that the high that can be expected in the coming sessions will not exceed €4 million. “At this time, prices on the stock exchange no longer reflect the financial reality of companies. The disinterest of investors is reflected in the recent evolution and prices, and I do not believe we will see very much growth in liquidity in the sessions in which financial data will be announced. In the best case, we will see turnover of €3-4 million, excepting special transactions,” said Rares Nilas, General Manager of the BT Securities brokerage company.
The BET-FI indices returned yesterday to over 10,000 points, up 4.7 percent compared to reference, after five consecutive sessions in which the financial investment company (SIF) segment registered growth. Erste Bank (EBS) shares dropped 10.5 percent for a turnover of RON 1.1 million (€0.2 mln), after the bank announced it estimates a drop of some 27 percent in net profit in 2008.
