Strong rebound on Stock Exchange: SIFs gain 21% in six days

The Bucharest Stock Exchange saw a fast rebound after approaching the year’s lows early last week, with SIFs (Financial Investment Companies) seeing five sessions of consecutive rises and gaining an average 21%. Even so, SIFs are trading below the beginning-of-the-year level.

In the last three sessions, the SIF index BET-FI rose by an average 4%, with trading volumes on a rise, a sign that investors have started to believe in a rebound. The BET index of the top ten companies on the stock exchange also gained 8.5% over the last six sessions, finding its way out of the lows territory.

“External influence continues to dictate the progression of the Bucharest Stock Exchange. On short term I expect the positive trend to continue, because there are no major macroeconomic events occurring, and the summit of EU leaders in Brussels could bring good news to investors,” believes Dragoș Dărăbuț, analyst at Tradeville brokerage.

Leaders of European Union countries are meeting today in Brussels at a summit that will discuss the EU strategy over the next 10 years.