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April 14, 2021

Foreign investors brought RON 351.2 M to BVB last year

The net foreign investments at the Bucharest Stock Market (BVB) amounted, last year, to RON 351.2 M (EUR 83.4 M), and local players pulled RON 306.7 M (EUR 72.8 M) out of the market, according to the Stock Market’s figures, quoted by Mediafax.

Thus, the balance of net investments at BVB was a positive one, of RON 44.4 M, close to the 2009 figures of RON 41 M. This year’s withdrawals by local players were twice higher than the 2009 total, of RON 147.6 M, while non-residents’ net acquisitions rose by 1.8 per cent, from RON 188.7 M, reported in 2009. The biggest transactions were made by companies and investment funds registered outside Romania. Thus, the net value of transfers operated by foreign legal entities in December accounted for 99.9 per cent of the total, that is, RON 35.4 M. BVB closed 2010 with positive figures, for the second year consecutively, as the general index, BET-C, rose by 14 per cent, but the investors’ interest in transactions remained at an ebb.

As far as 2011 is concerned, some brokers argue listing the Proprietatea Fund will not be enough to restore the stock market to the peak level reported in the summer of 2007, an evolution which depends on macro-economic factors, such as the recovery of the economy.

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