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One third of companies on the Stock Exchange dropped below their nominal value

Publicat la 21.01.2009, 22:00:00

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One third of companies on the Stock Exchange dropped below their nominal value

 

Companies on the over-the-counter RASDAQ market have also been seriously affected by recent corrections on this segment, with hundreds of enterprises falling below their nominal value.

 “The drop below the nominal value is important because legislation does not allow capital increases for companies which have declined below this level,” said Adrian Danciu, analyst of Broker Cluj.

According to Danciu, companies which fell below the nominal value can finance themselves in the near future through bond issue, financing within the group, or will choose to contract their activities.

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