RASDAQ market shrinking day after day

Since December 2005, when RASDAQ was absorbed by the Bucharest Stock Exchange, over 2,000 companies have been delisted from this market. The string of delistings continues with tens of companies every month, and if the Stock Exchange and the CNVM (National Securities Commission – which oversees the capital market) do not reach an agreement on the status of this market soon, before long they may not have anything left to regulate.

Established in 1996 and modelled after the American NASDAQ exchange, the RASDAQ market is far behind its American counterpart, considering the dizzying pace at which it is losing issuers, and the lack of transparency characteristic to a large part of listed companies.

Since its establishment, the RASDAQ market has lost around 4,000 companies, and currently has 1,482 issuers with a 3.3 billion-euro market capitalisation. Since the start of the crisis, 500 companies chose to delist, with the market’s capitalisation down by around 4 billion euros.