* The Proprietatea Fund has accounted for 46% of the total turnover in 2012
* The last quarter of 2012, a loser for the BSE
* The annual profit half of what it was in 2011
* Brokers: "The results of the BSE reflect the evolution of the market in 2012"
The Bucharest Stock Exchange has concluded the last quarter of 2012 with a loss of 0.46 million lei, after posting a profit of 1.15 million lei in the similar period of 2011, according to the preliminary statement published yesterday, meaning that the annual profit only amounted to 8.98 million lei, half of what it was last year.
Both the brokers and the BSE, are blaming the earnings on the drop in turnover, in a year where the Proprietatea Fund continued to be the most liquid issuer, assuring almost half of the turnover.
The profit obtained last year will allow the distribution of dividends to shareholders, the report of the BSE states, and the net profit of the market operator per share was 1.17 lei/share.
Lucian Anghel, the president of the BSE, said in a press conference, last week, that we need to consider that the stock market has been heavily influenced by outside factors, as well by the domestic political context.
"There is the opinion that 2012 has been a disastrous year, but I think we should also take into account the domestic context", said Lucian Anghel, who went on to say: "This has been a special year: we have had three governments, the privatizations have been postponed, the sale of Oltchim has failed, Hidroelectrica entered insolvency. These are the elements which have influenced the market, on a local level. We should also take into consideration that the Eurozone has entered a recession, and it is impossible for Romania not to be affected. The FED and the Central Bank have taken the necessary steps to inject liquidity into the capital, and even so, li
