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BSE consolidation begins: 6.3% of shares change hands for 4.6m euros

Autor: Andrei Chirileasa

28.09.2010, 00:10 8

Yesterday's special transactions, the biggest since the listingof the Bucharest Stock Exchange (BSE) have seen BSE shares climb toa new all-time high of 41 RON, valuing the company at 72 millioneuros.


Interest in the shares of the Bucharest Stock Exchange is on therise, with BSE share transfers hitting a high yesterday, when 6.3%of the market operator's capital changed owners on the 'deal'market, in the wake of three transactions.
The value of the transactions is nearly 20 million RON (4.6 millioneuros), valuing the company at 72 million euros, i.e. 36 times the2 million-euro net profit reported by the BSE last year.
Since its listing, on June 8th, the price of BSE shares rose over65%, and the company's capitalisation increased by 28 millioneuros. This amid a major slump in the value of Stock Exchangetransactions in July and August, to an average 3 million euros aday, while September failed to bring about a significant change tothe market liquidity, with the exception of a few 'deal'transactions negotiated outside the main market, as wereyesterday's deals with BSE shares.

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