The total value of transactions on the Bucharest Stock Exchange (BVB) went down by approximately 11 percent in the first nine months of the year compared with the same period of 2015, according to an analysis of Financial Supervision Authority (ASF).

The depreciation was influenced by the diminishing of the investors’ interest in bonds transactions (the transactioned value went down by approximately 78 percent) and in units fund (transactioned value went down by approximately 58 percent). The most significant growth of the traded value was in state bonds transactions, whose value went up by approximately 167 percent in the first nine months of 2016 compared with the same period of 2015, determined by state bonds issuing to individuals. The Public Finance Ministry attracted EUR 735.2 million through this auction.

The general stock indexes of BVB had mixed evolutions overall in the first nine months of the year. The BET and BETPlus indexes had the loewst depreciations, while BET-NG and BET-FI had the highest depreciations, according to Agerpres newswire.

As a result of the analysis, shares are still the preffered instrument for investors, with their value amounting to EUR 6.5 million.

The highest capital shares transactions value was in September, of approximately RON 1.2 billion, while in July the BVB recorded the lowest trading value of RON 409 million.

In the first nine months of the year, the BVB capitalization registered the lowest level in June of RON 114.9 billion, while the highest value was in January, worth RON 143.8 billion.

Georgiana Bendre