BVB’s Sobolewski: The biggest challenge for Romania’s capital market is liquidity

Ludwik Sobolewski, the CEO of the Bucharest Stock Exchange, claims that the biggest challenge for the local capital market is liquidity, especially in the case of shares.

The BVB head cited statistics which show that the average trading value on the shares segment stood at EUR 1.39 billion in the first semester, up 49.8 percent compared to the same period of last year.

“These values show an improvement of liquidity, which we are constantly tracking through adequate indicators, and which is also followed by FTSE Russell and MSCI, the two agencies that are carefully monitoring the Romanian capital market,” said Sobolewski in a comment published on investingromania.com.

Sobolewski went on to say that the July trading figures have improved despite the fact that the activity is reduced in major markets. Looking at the total trading figures – including shares, bonds and other products – the amount that was traded stood at EUR 279.9 million compared to EUR 99.5 million in July 2016.

In the second quarter, the BVB was one of the two stock exchange markets in Central and Eastern Europe that recorded two successful IPOs (Digi Communications and AAGES), according to a report published by PwC, the professional services firm.

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