According to data presented on Sept. 4 by BVB representatives, the local bourse main index BET (that tracks the evolution of the top liquid 10 shares) fell 44% in 2008 from 2007, after 9 years of growth.
The BET-C composite index fell 38% in 2008 after 6 years of successive growth (by 127% in 2002 and 104% in 2004), and the BET-FI, which mirrors the evolution of the five financial investment societies SIFs plunged 56% after a seven-year growth streak (175% in 2005).
The 9.04% inflation peak (July 2008/July 2007) and BNR’s key interest rate of 10.25% have impacted the exchange, said Farmache.
He recommended investors to ‘take more seriously’ the analysis of BVB listed companies.
Listed financial companies also had a significant performance – 946 million lei in net profits (plus 16%) and total revenues of 9.373 bln lei (plus 71%).