The turnover of the Bucharest Stock Exchange (BVB), the operator of the local stock market, dropped by 50% in the second quarter of the year to EUR 952,000.

The operating result went down by 84% to EUR 158,000, as the value of share trading decreased by 60% compared to last year.

The share market’s liquidity dropped to EUR 448 million in the second quarter of the year, from over EUR 1.1 billion in the same period last year.

The value of transactions with shares in the second quarter of the year, excluding public offers, was almost EUR 453 million, down 30% compared to the same period in 2014, according to BVB. On average, the daily trading value on the regulated market amounted to EUR 7 million (excluding offers).

“With more efforts and initiatives launched in the second quarter, the Bucharest Stock Exchange focused on stimulating the local demand and growing the retail investors base, thus answering to the unfavorable international context and a slowdown in conducting the privatization projects in Romania,” said Ludwik Sobolewski, BVB CEO.

In the first half of the year, BVB’s sales went down by 37%, to EUR 1.86 million. The net profit declined by 30%, to EUR 0.89 million.

BVB’s shares have lost 15% of their value in the past 6 months but are still up 14% compared to one year ago, as of August 7, 2015. The operator’s market capitalization stands at EUR 57 million.

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editor@romania-insider.com