Non-residents spend $5m a month on BSE

The net foreign investments on the Bucharest Stock Exchange (BSE) amounted to about $5 million for the third month in a row. The non-residents in January bought $10.1 million’s worth in shares and sold $4.9 million’s worth. These statistics that have just been released by the BSE verify the brokers’ explanations on the rise in quotes: the buy orders from foreign investors. On the other hand, the value of the purchases and sales did not change significantly from the previous months. The foreign investment value in BSE’s statistics is even higher if adding the purchase of a stake in Terapia Cluj by a company registered in Romania yet held by a foreign investment fund, as part of the tender put out in view of delisting. Brokers say non-residents were after bank shares last month, which induced a significant rise in their respective prices besides the high traded value. ZF