BRD leaves ING behind in April

Foreign investors continued to reduce their positions on some of the shares on the Stock Exchange over the course of last month, after sales made by foreigners had exceeded their acquisitions for the first time since the beginning of the year. According to results from April Stock Exchange brokers” ranking, two brokerage companies that work mainly with foreign investors, BRD Securities and ING Securities, fill the top two positions. The brokers at BRD Securities last month climbed to first position of the ranking of Stock Exchange brokers, with transactions worth 15.8 million euros, lower than in March, but lower trading volumes against the previous month have been symptomatic of the market as a whole. BRD Securities had an 8.45% share in the market. Brokers at ING also witnessed lower volumes than those seen in March, handling transactions worth 14.9 million euros last month, 60% less than in March. According to sources on the market, the brokers at BRD were net sellers in April, while things were relatively balanced for ING Securities. The management of neither of the two companies wished to comment on this subject. ZF