Stock Exchange shareholders gain 8m euros in two days

The shares of the Bucharest stock exchange operator (BSE) have registered a spectacular increase this week, climbing by 15% in the past two sessions alone, amid the highest trading volumes of the past month and a half.

“The only event that could raise the appeal of BSE shares is the listing of Fondul Proprietatea (Property Fund), which is shaping up but is still not certain, and which could spur liquidity on the market,” says Adrian Mănăilă, general manager of Eldainvest, one of the main shareholders in BSE.
The steady advance of BSE shares has made the Stock Exchange shareholders, generally represented by brokerages, around 8m euros richer. Whereas two days ago the stock exchange operator’s market capitalisation stood at 53.7m euros, its market value topped 61m euros yesterday.
Brokers say that the possible causes behind the high interest for BSE stock includes the future listing of FP, the most highly expected event in the history of the Bucharest Stock Exchange, and shareholders’ battle for votes during the BSE’s future shareholders’ meeting, having as its stake the selection of Central Depositary managers.