Uncertainty about the status of RASDAQ market and the fact that only a small number of companies have so far decided to transfer their stock to the Stock Exchange have made investors wary of trading stock listed on this market, with a negative impact over traded value. Lately, only a few companies that announced they would move to the Bucharest Stock Exchange have managed to stir investors' interest.
The turnover registered on RASDAQ last month, of 6.5m euros, is the lowest in the past six years, according to BSE statistical data, after stakes whose value at a certain moment topped even 200m euros were traded during the boom period of 2007.
Bucharest Stock Exchange management says it has already started procedures by which RASDAQ firms are informed about the possibilities they have to get listed on other markets, since RASDAQ market status is still unclear.
CNVM (National Securities Commission) is shying away from giving a clear answer to the question whether RASDAQ is a regulated or unregulated market, contemplating the idea of solving this problem by transferring a part of issuers wanting and meeting floatation conditions onto the regulated market and keeping the rest of companies on an alternative trading system, which is an unregulated market.
Uncertainty about the status of RASDAQ market and the fact that only a small number of companies have so far decided to transfer their stock to the Stock Exchange have made investors wary of trading stock listed on this market, with a negative impact over traded value. Lately, only a few companies that announced they would move to the Bucharest Stock Exchange have managed to stir investors' interest.
The turnover registered on RASDAQ last month, of 6.5m euros, is the lowest in the past six years, according to BSE statistical data, after stakes whose value at a certain moment topped ev
