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Article: Romanian investors suffer heavy losses as stock markets dip
- Article from:
- Xinhua News Agency
- Article date:
- August 20, 2008
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Copyright informationCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Romanian investors suffer heavy losses as stock markets dip
BUCHAREST, Aug. 20 (Xinhua) -- The decline in the Romanian stock
market this year has dealt a serious blow to investors, 91.6 percent
of whom have suffered losses since early 2008, local daily
Cotidianul reported Wednesday.
About 13.4 percent investors have lost more than half the value
of their portfolios since early 2008 due to a market decline, a
recent survey showed.
Meanwhile, 22.5 percent of the investors registered losses
ranging between 40 and 50 percent of the initial value of their
investment.
Only 4.2 percent of the investors said they had earned money and
another 4.2 percent said they had broken even.
Despite the ...
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