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October 23, 2021

Bucharest Bourse trading down for fourth day in a row

The Bucharest Stock Exchange (BVB) trading kept going down, for the fourth session in a row, suffering a correction of 0.46 per cent, getting out of sync with foreign markets, Mediafax reports. Trading of Proprietatea Fund shares made up one-third of the traded shares. “Yesterday’s trading session continued being marked by the negative perspective of the US rating. Even if the foreign markets showed invigorating signs, domestic investors opted to score the likely profit and stay in cash until other positive news emerge.

This is also confirmed by the large volumes registered by the main BVB traders,” Marcel Murgoci, Operations Manager Estinvest, said. Murgoci also maintains that once foreign markets bounce back, amid positive news including good results announced by issuers in the US, our market too will do so and seek a trend also taking into account data related to general meetings of shareholders. With a volume of RON 14.8 M, the FP shares have been the most actively traded, with the session closing down 1.65 per cent, to RON 0.575 apiece. The FP shares accounted for 36 per cent of the share market liquidity of RON 40.6 M (EUR 9.9 M).

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