Is there still life on RASDAQ? Companies' uncertain situation is keeping investors away
Uncertainty about the status of RASDAQ market and the fact that
only a small number of companies have so far decided to transfer
their stock to the Stock Exchange have made investors wary of
trading stock listed on this market, with a negative impact over
traded value. Lately, only a few companies that announced they
would move to the Bucharest Stock Exchange have managed to stir
investors' interest.
The turnover registered on RASDAQ last month, of 6.5m euros, is the
lowest in the past six years, according to BSE statistical data,
after stakes whose value at a certain moment topped even 200m euros
were traded during the boom period of 2007.
Bucharest Stock Exchange management says it has already started
procedures by which RASDAQ firms are informed about the
possibilities they have to get listed on other markets, since
RASDAQ market status is still unclear.
CNVM (National Securities Commission) is shying away from giving a
clear answer to the question whether RASDAQ is a regulated or
unregulated market, contemplating the idea of solving this problem
by transferring a part of issuers wanting and meeting floatation
conditions onto the regulated market and keeping the rest of
companies on an alternative trading system, which is an unregulated
market.