Romania looks to EU membership
Romania’s stock market is flying, but it remains narrow and shallow. The BET-C composite index was139% up in December year on year and rose another third over the first three months of this year. But with a total of 61 companies listed, most of the action takes place in a handful of stocks with limited shares in circulation.
“The market is demand driven, but it remains small, with only half a dozen blue chips, and even these have a low free float of about 15%,” says Sergiu Oprescu, chairman of the BSE.
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