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Failed boycott by stock investors

de     HotNews.ro
Vineri, 26 mai 2006, 0:00


The Romanian Stocks recorded a rising trend on Friday despite a strike by a group of investors protesting against the way Romanian authorities deal with the capital market.

One of the protesters Daniel Iancu said for Hotnews that the strike was a success though, as authorities proposed a draft law containing some amendments to the delisting law the second day after the protest had been announced to take place.

Therefore, many of the investors quit the strike following the draft law. On the other hand, the National Securities Commission contends that the draft law proposed for public debate two days ago has no connection to the Stocks investors’ strike.

A group of at least 200 investors announced on Tuesday, May 23, that on Friday they would suspend all trades as a protest against the delisting companies measure by NSC, and against some amendments to the Fiscal Code, and against the maximum limit of 1 percent holding of Financial Investment Societies stocks.




















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