How did PF shares perform in the first trading day at BSE?

The first deals with the Property Fund (PF) shares traded at the Bucharest Stock Exchange (BSE) were made at a price of RON 0.602 per share.

Asked by journalists what is his opinion about the market’s first price, Greg Konieczny, portfolio manager at PF, said that today’s quotation is not relevant today and would rather not comment.

“We are more interested by the liquidity to be created by the existing shareholders, and all interested investors,” he added.

Among the first transactions the maximum price at which shares were traded was RON 0.62 per share.

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In the middle of the trading session of the Property Fund’s share the price reached at 1 p.m. some RON 0.6625 / share.

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With a half hour of trading before the close PF shares are transferred to a price of RON 0.645, quotation down from the previous trading hour.

There were traded 316 million shares in over 5,300 exchanges. Total value is RON 202.5 million (EUR 47.5 million).

Dana Verdes