Bucharest Stock Exchange ended yesterday the first nine months of a very weak year. Evolution of the Bucharest trading beating the worst case scenario, prices of the issuers regressing to 3-4 years ago. Together with specialists in the Romanian equity market, Wall-Street.ro framed a balance of BSE evolution in first three quarters of the year.
Bucharest Stock Exchange ended yesterday the first nine months of a very weak year. Evolution of the Bucharest trading beating the worst case scenario, prices of the issuers regressing to 3-4 years ago. Together with specialists in the Romanian equity market, Wall-Street.ro framed a balance of BSE evolution in first three quarters of the year.
After the first nine months of this year, it is easy to notice that Bucharest stock market had the biggest slumps of all regional markets and even lower compared to emerging countries. Financial crisis swept off Romanian equity market, triggering major plummets of shares, investors’ exits and selling sprees.
“In 2007, shares floated at BSE were traded at fundamental indicators higher than countries in the region and investors’ fears allowed them to pay this kind of premiums in the account of future growth forecasted for many companies’ revenues. Today, the same investors acknowledged that Romania will certainly not be protected by any shield from financial and economic evolutions that shook up European markets, and cutting economic growth forecasts,” stated for Wall-Street, Antonela Badea, financial analyst with Vanguard.
2008 was one of the weakest years of share market in Romania. BSE evolution beat darkest forecasts and projections. Nobody thought we would go back 3-4 years, in terms of prices. The declines were sharper, but we must take into account also the past growths that exceeded by far the international ones. These are the main characteristics of an immat
