A higher BSE variation band leaves room for excessive price movements

Increasing the variation band at the Bucharest Stock Exchange (BSE) to +/- 40 percent favors excessive price evolutions and market manipulation, declared Darius Cipariu, deputy general manager with Sibex, the derivatives market in the central city of Sibiu, directly affected by this decision, NewsIn informs.

The BSE will push the maximum variation limit from 15 percent to 40 percent starting with June 15 for shares whose performance is measured by BET index of the ten best companies on the market. Bucharest Stock Exchange shareholders agreed upon this measure in December, considering that the 15 percent margin is rather rigid.

Cipariu, however, disagrees. “On very weak markets like the Romanian one, there was no need to encourage such excesses. The current 15 percent limit was just fine. If we had a very liquid market there was no problem in fixing it, but now it is very possible to reach this variation through ten transactions, through rumors or manipulation,” he explained.

According to the project jotted down last year by the BSE management, the variation modification would be done gradually, without surprising investors.

Cipariu added that Sibex can either keep the current variation limits and run the risk of blocking the market or increase limits and diminish the liquidity.

Citeste si:

Calculator Salariu: Află câți bani primești în mână în funcție de salariul brut »

Despre autor

Wall-Street.ro este un cotidian de business fondat în 2005, parte a grupului InternetCorp, unul dintre cei mai mari jucători din industria românească de publishing online.Pe parcursul celor peste 15 ani de prezență pe piața media, ne-am propus să fim o sursă de inspirație pentru mediul de business, dar și un canal de educație pentru pentru celelalte categorii de public interesate de zona economico-financiară.În plus, Wall-Street.ro are o experiență de 10 ani în organizarea de evenimente B2B, timp în care a susținut peste 100 de conferințe pe domenii precum Ecommerce, banking, retail, pharma&sănătate sau imobiliare. Astfel, am reușit să avem o acoperire completă - online și offline - pentru tot ce înseamnă business-ul de calitate.

Redactia Wall-Street »

Te-ar putea interesa și: