The program will be temporary extended in the period March 23 – June 20 if most brokers agree.
This decision was made after the bourse in Sibiu realized that 43 percent of the volume traded is completed between 9:45 – 11:00 a.m. and 4:00 – 5:15 p.m., but also because most local investors keep an eye on the American bourses.
The bourse is snappier after 3:30 p.m. when data about the core economic indicators from the U.S. are published and especially after 4:30 p.m. when the stock exchange in New York rings the opening bell.
The U.S. stock exchanges have a significant influence over the local capital market so Sibex deems investors should be able to make transactions during the time of session in New York.
The Romanian bourse suggests a trading program in two stages: from 6 to 11 p.m. with a preopening session at 5:30 p.m. and from 9:45 a.m. to 5 p.m.
Sibex lines up trading program to NYSE
The board of the stock exchange in the central city of Sibiu (Sibex) aims to extend the trading timetable until 11 p.m. in a bid to hike liquidity and asks for agreement from at least half of the brokers that operate on the market, the head of Sibex, Teodor Ancuta (photo), told NewsIn.
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