Friday, March 23, 2007

Romania: Foreigners' net acquisitions on stock market grew up 2.7

23 March 2007

Foreigners' net acquisitions at the Bucharest Stock Exchange (BVB) and RASDAQ market grew by some 2.7 times in Februarycompared to the same period one year ago, ACT Media news agency reports.

Foreigners' net acquisitions at the BVB totalled 113.1 million euros (382.7 million lei), according to figures carried on March 21, by the National Securities Commission. (CNVM).

The level of acquisitions made by non-residents in February is almost double as against the first month of this year, when they stood at 57.8 million euros (196 million lei). Foreign investors bought in February shares worth 193.5 million euros (654.6 million lei) and sold shares that cumulated 80.4 million euros (179.7 million lei), up 21 percent as against the same period one year ago.

The most important buyers were investors from UK, Austria, the United States and Cyprus. According to Rompres, the most active foreign buyers in February were from Cyprus, Luxembourg, Austria and Cayman Islands, who together recorded sales of almost 75 percent.

Source: ACT Media News Agency

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