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Bucharest Stock Exchange has lost its glamour

Autor: Andrei Chirileasa

05.11.2010, 00:06 6

The Bucharest Stock Exchange (BSE) has missed out on the recentrevival of international markets, coming to struggle at the middleof the ranking in terms of the trend of its main index since thestart of the year, according to the data provided by Britain'sBespoke Investment Group consultancy.
In recent years, the BSE has become visible internationally owingto the very fact that it constantly ranked among the world's topmarkets in terms of development, either growth (between 2007 and2009), or declines (in 2008), with the broad fluctuations making itan interesting target for speculators. After the first quarter ofthis year, the BSE ranked third in the world, with a 30%increase.
Over the past months, though, it has grown out of synch withWestern markets and has almost completely lost investors' interestbecause of the uncertain domestic economic and politicalsituation.
The BSE has gone down another nine positions against the previousranking drawn up in early September (from 25 to 34), as the BETindex has hardly added 2% over this period, registering an 11.4%increase since the beginning of the year.

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