News » May, 2011 » 12 May 2011
Government and Stock Exchange investors fight over FP price
12.05.2011, 23:38 | Capital Markets | 1302 views
Fondul Proprietatea (Property Fund - FP.RO) shares lost 6.5% in the beginning of yesterday's session, after the ex dividend day, but gained back 4% towards the end, amid unofficial information that the Government would not start to make compensation payments yet. Who will hold out more in this war of nerves? The fund's shares suffered the biggest decline since floatation at the beginning of yesterday's session, losing 6.5%, and falling below the 0.5-lei threshold for the first time, after the last day when shares bore dividends passed. The fund therefore lost nearly RON500 million (EUR120 million) of its value in just a few minutes. Read more on ZF.ro
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