Romanian investor sale accounts drops below 10,000

According to BVB, 6,700 buy accounts and some 7,300 sale accounts were opened in November by Romanian individuals, compared to over 100,000 sale accounts existing in January. Analysts blame the sharp downfall of stock markets for this significant drop in the number of investors.

“The evolution of the Stock Exchange and major depreciations registered in 2008 determined more people not to sell at current very low prices. We are witnessing a state of resignation among Romanian investors, who accept the losses they registered throughout the year,” said Adrian Danciu, Head of Broker Cluj’s Analysis Department.

Romanian investors withdrew some €2 million from the Stock Exchange in November, after buying financial shares worth €60.6 mln and selling shares worth €62.63 mln.