BRD sheds 1.7%

Banca Romana pentru Dezvoltare (Romanian Development Bank – BRD) shares fell 1.7% yesterday, against the upward trend of the Stock Exchange. The decline could have gone unnoticed had it not occurred one day after the announcement of the bank’s chairman, Bogdan Baltazar, about selling half of his BRD stake. The bank’s shares went down to 16,900 ROL at the opening of the trading session yesterday, that is 400 ROL less than on Monday. They kept fluctuating between 17,000 ROL and 17,100 ROL for most of the day, though. BRD’s were the most traded shares on the market, as the operations involving them were worth about 6bn ROL. ZF