/ world today news/ A collapse of 75% of turnover in February due to a series of political decisions was reported by the management of the Bulgarian Stock Exchange /BSE/.
A message from the Board of Directors states that investors were extremely cautious because of the unexpected political decisions affecting the capital market in our country, BNR reported.
Investors had the biggest concerns because of the changes in the Law on the ownership and use of agricultural lands. They impose sanctions on companies owning agricultural land in Bulgaria, but which have shareholders registered outside the European Union or in offshore areas. The management of the Stock Exchange recalls that the change from February also caused the sharp reaction of a number of professional investor organizations.
The main stock market index “Sofix” continued to lose its price, and on an annual basis the fall is 17 percent.
The market capitalization of the main market of the Exchange for February remained stable at the level of 3.69 billion euros, according to the board of directors. However, they note that this is down EU by 0.33 percent on a monthly basis. On an annual basis, the decline is 19 percent.
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