Foreign investors most active in March

ING Securities and Raiffeisen Capital & Investment, known particularly for working mainly with foreign investors, last month occupied the top two positions in the rankings of top Bucharest Stock Exchange (BSE) brokers. In first place was ING Securities, which in March rolled over 23.9 million euros, the equivalent of a 7.1% market share. ING Securities held this position for the first three months of the year, with trades worth 106.3 million euros and a share of 8.3%. ING last month consolidated its position by increasing its market share, despite a lower trading volume compared with the previous month. Transactions were generally lower for the Romanian capital market, with March being a “black” month for the market, witnessing a dramatic fall after the accelerated growth of the first two months of the year. Although the shrinking of the stock market was caused by the exit of a number of foreign investment funds, it was Romanian investors who dragged the market much lower due to lack of experience. Raiffeisen Capital & Investment brokered 22.7 million euro worth of transactions in March, accounting for 6.8% market share. ZF