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Friday, December 03, 2004
A Romanian stock index will be listed on Vienna Stock Exchange as of next year as part of a collaboration programme between the Bucharest Stock Exchange (BSE) and the Austrian capital market, according to market sources. The Vienna Stock Exchange and the BSE are currently discussing a collaboration memorandum which will most likely be signed by the middle of this month.
The Vienna Stock Exchange could have computed and traded an index of Romanian stock without the agreement of the Bucharest market, but BSE representatives preferred that the new index be traded on the basis of a collaboration agreement, sources say.
Stock indices take into account the values of several shares on one or several markets, providing investors with a market overview. The possibility of trading in an index offers investors a simple way of diversifying their portfolio and thereby reducing risk.
The new index will be the only option for foreign investors speculating on Romanian companies without bringing money to Romania. In the last ten years, several Romanian companies, like Banca Turco-Romana (The Turkish-Romanian Bank) and furniture producer Elvila, have had their stock listed on a foreign capital market, but currently there are no Romanian shares or indices listed on foreign markets.
Posted by Mihai Botea : 12/03/2004 11:54:00 am
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