Wood & Company becomes member of the Bucharest Stock Exchange
Wood & Company aims to better serve its clients by offering access to a growing number of emerging European stock exchanges. Adding to its exchange memberships in Prague, Budapest, Warsaw, and Ljubljana, as well as with the Wiener Börse and Deutsche Börse, Wood & Company is very pleased to announce to its clients that they may now invest in an important southeast European market through Wood & Company’s membership in the Bucharest Stock Exchange.
With a market capitalisation of $33 billion and benefiting from its recent entrance into the EU, Romania is the most promising stock market in Balkans. In dollar-terms, the main Bucharest index jumped 38% in the last 12 months and already reflects positive investor expectations for the market. However, with Romania offering very attractive domestic demand growth as well as strong corporate growth prospects, Wood & Company sees more upside for the index and hopes to bring new investors to Bucharest, thereby further increasing trading volumes.
"Our presence on the Bucharest Stock Exchange will expand the portfolio of Wood & Company’s services, providing our clients with fast and high-quality access to another east European market," says Andrea Ferancova, Wood & Company's Director of Equities and Partner. "We are the first Bucharest Stock Exchange member from abroad, expanding the services offered from our center in Prague."
Wood & Company is the largest equity broker on the Czech market. Since its foundation in 1991, the firm has focused on securities trading and corporate advisory. Wood & Company executed trades worth $24 billion in 2006 which gives it a market share of 6.6% in the region and 28.5% in Prague.
In Romania, Wood & Company has research coverage of eight blue chip companies and plans to initiate on a number of other stocks in the medium term. It also plans to offer corporate finance services in Bucharest at some point in the future.
If you have any questions, please contact:
Andrea Ferancova
Partner, Director of Equities
Wood & Company
andrea.ferancova
wood.cz
+420 222 096 111
www.wood.cz