The Bucharest Stock Exchange saw a fast rebound afterapproaching the year's lows early last week, with SIFs (FinancialInvestment Companies) seeing five sessions of consecutive rises andgaining an average 21%. Even so, SIFs are trading below thebeginning-of-the-year level.
In the last three sessions, the SIF index BET-FI rose by anaverage 4%, with trading volumes on a rise, a sign that investorshave started to believe in a rebound. The BET index of the top tencompanies on the stock exchange also gained 8.5% over the last sixsessions, finding its way out of the lows territory.
"External influence continues to dictate the progression of theBucharest Stock Exchange. On short term I expect the positive trendto continue, because there are no major macroeconomic eventsoccurring, and the summit of EU leaders in Brussels could bringgood news to investors," believes Dragoş Dărăbuţ, analyst atTradeville brokerage.
Leaders of European Union countries are meeting today inBrussels at a summit that will discuss the EU strategy over thenext 10 years.
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