Industrial companies suffer massive drops on the stock exchange

Industrial companies quoted on the Bucharest Stock Exchange (BVB) registered massive drops in the first three months of the year, due to the effects of the U.S. subprime crisis on international markets. Steel maker ArcelorMittal Iasi faced the sharpest decline, of 53 percent of the value of its shares, to 2.1 lei by 2:00 p.m. on Monday, from 4.5 lei at the close of the 21 December 2007 session. Energy equipment producer Vulcan Bucuresti, part of the Tender group portfolio, suffered ...

Developed by Codecraftsman