The shares of the Bucharest stock exchange operator (BSE) haveregistered a spectacular increase this week, climbing by 15% in thepast two sessions alone, amid the highest trading volumes of thepast month and a half.
"The only event that could raise the appeal of BSE shares is thelisting of Fondul Proprietatea (Property Fund), which is shaping upbut is still not certain, and which could spur liquidity on themarket," says Adrian Mănăilă, general manager of Eldainvest, one ofthe main shareholders in BSE.
The steady advance of BSE shares has made the Stock Exchangeshareholders, generally represented by brokerages, around 8m eurosricher. Whereas two days ago the stock exchange operator's marketcapitalisation stood at 53.7m euros, its market value topped 61meuros yesterday.
Brokers say that the possible causes behind the high interest forBSE stock includes the future listing of FP, the most highlyexpected event in the history of the Bucharest Stock Exchange, andshareholders' battle for votes during the BSE's futureshareholders' meeting, having as its stake the selection of CentralDepositary managers.
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