Fondul Proprietatea (FP) will have no problems in maintaining the daily liquidity at the Bucharest Stock Exchange of 2.5 – 3 million Euro, after the announced listing on the London Stock Exchange, considers Cristina Boicu, Head of Equity Sales Raiffeisen Bank Romania, who considers that turnovers of the Bucharest Stock Exchange should not suffer because of this event.
“For FP shares after listing on the London market liquidity in Bucharest should be at least as far as in the present. To maintain a daily average of 2.5-3 million Euro in the local market does not seem a very difficult task for the Fund, “says Boicu in an interview for Bursa.
“The first reason for this is that investors will want to trade on the main market, where they are specialists who know the best trading details of that issuer, because they maintain contact with both local investors and with the international ones and I know the behavior of their actions regarding Romanian shares. In addition, a third of the shareholders are Romanian residents (individuals and institutional investors), and for them the first option will be the local market, “said Boicu.
“With the FP listing on the London market, the first aspect that we will observe is the slight increase in demand for these titles, as they will be available to other players that are not present in our market. From the Romgaz and Electrica experience, most of the liquidities, 60-80% of these, are in the main market, in Romania to be exact,”said the Raiffeisen expert.