Some of the investors who had the inspiration to buy shares gained as much as four times the yearly interest paid by banks on deposits.
The significant rise of the Bucharest stock exchange came amid a positive evolution of European markets, but was supported and amplified by internal factors, such as raising the holding cap at the SIFs. Since mid-January, when the cap has been raised to 5%, the SIFs rose significantly amid increasingly high-value transactions. The significant dividends expected by investors in turn contributed to the 30% rises recorded by the stock of SIF Muntenia (SIF4.RO), SIF Banat-Crisana (SIF1.RO), and SIF Moldova (SIF2.RO).
The shares of investment fund Fondul Proprietatea (FP.RO) in turn saw an unexpectedly high growth, amid more significant acquisitions from foreign investors struggling to take control.
In the past week, though, the market showed signs of slowing down, and some investors could start to take their profits, which could lead to corrections of most shares.
(English version by Daniela Stoican)