Under the contract, the market maker will provide buy and sell quotes for at least 300,000 shares, at a bid-ask spread of maximum 3% and a market presence of at least 85% during the trading session.
“Due to the fact that BRK shares will benefit from the quotations offered by the market maker, we consider that this fact will contribute to the increase of liquidity and the reduction of volatility”, BRK said in its report.
BRK Financial Group ended the first half of 2021 with a net profit of RON14.8 million, compared with a loss of RON6.4 million in the same period in 2020.
BRK reported revenue from its brokerage activity of nearly RON9 million, for the first six months of 2021, compared with RON4.08 million in the same period in 2020. The corporate subsegment, which generated revenue of RON4.65 million, decisively contributed to the increase.
BRK has a stock market capitalization of RON124.6 million. SIF Muntenia (SIF4.RO) is one of its biggest shareholders, holding 18.5% of BRK’s share capital.
BRK shares have been trading up 341.5% since the beginning of 2021, amid deals worth RON83.2 million, per stock market data.
The IMM is the participant in the Bucharest Stock Exchange (BVB) trading system that has taken on the role of sustaining the liquidity of a financial instrument, based on a contract concluded with the issuer of the financial instruments, as well as with BVB.