{"id":77322,"date":"2013-01-25T11:42:53","date_gmt":"2013-01-25T11:42:53","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=77322"},"modified":"2026-04-03T10:23:34","modified_gmt":"2026-04-03T10:23:34","slug":"entuziasmul-de-pe-bursa-s-a-temperat-iar-lichiditatea-sufera-din-nou-2","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=77322","title":{"rendered":"Entuziasmul de pe burs\u0103 s-a temperat, iar lichiditatea sufer\u0103 din nou"},"content":{"rendered":"<p>\nBursa de la Bucure\u015fti a sc\u0103zut cu 0,46%, \u00eentr-o pia\u0163\u0103 \u00een care majoritatea investitorilor au continuat s\u0103 adopte pozi\u0163ii de a\u015fteptare, astfel c\u0103 tranzac\u0163iile abia au cumulat 12,1 milioane de lei. Bursa a urmat \u00eendeaproape \u00een acest an evolu\u0163ia pie\u0163elor externe, av\u00e2nd o cre\u015ftere de 8,5% de la \u00eenceputul anului. Mihai Iulian C\u0103runtu, \u015feful departamentului de cercetare pie\u0163e de capital al BCR, spune c\u0103 evolu\u0163ia pie\u0163elor externe a fost determinat\u0103 de estim\u0103rile optimiste ale unor investitori care \u015fi-au crescut expunerea pe ac\u0163iuni miz\u00e2nd pe o \u00eembun\u0103t\u0103\u0163ire gradual\u0103 a mediului economic global. &#8220;Pe de alt\u0103 parte, nu trebuie s\u0103 uit\u0103m c\u0103 \u015fi pie\u0163ele dezvoltate au urmat un trend \u00eendelungat de cre\u015ftere \u015fi din aceast\u0103 perspectiv\u0103 nu se poate spune c\u0103 ac\u0163iunile sunt ieftine sau c\u0103 o corec\u0163ie cu o amplitudine semnificativ\u0103 ar fi nerezonabil\u0103. Totu\u015fi, ac\u0163iunile de la BVB au fost sus\u0163inute de randamente ale dividendelor foarte ridicate a\u015fteptate pe 2012 (peste 6% pentru Fondul Proprietatea \u015fi OMV Petrom, peste 10% pentru Transgaz \u015fi SIF-uri), ceea ce reprezint\u0103 un argument puternic pentru expunerea pe ac\u0163iunile rom\u00e2ne\u015fti, cel pu\u0163in p\u00e2n\u0103 la trecerea datelor de referin\u0163\u0103 pentru dividende. Cu alte cuvinte, nu vedem nici posibilitatea unei sc\u0103deri semnificative a cota\u0163iilor principalelor ac\u0163iuni sub nivelurile actuale&#8221;, a declarat C\u0103runtu.<\/p>\n<p>\n<a href=\"http:\/\/zf.ro\" target=\"_blank\">Toate stirile sunt pe zf.ro<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bursa de la Bucure\u015fti a sc\u0103zut cu 0,46%, \u00eentr-o pia\u0163\u0103 \u00een care majoritatea investitorilor au continuat s\u0103 adopte pozi\u0163ii de a\u015fteptare, astfel c\u0103 tranzac\u0163iile abia au cumulat 12,1 milioane de lei.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[427,7216,7747,31348],"class_list":["post-77322","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-bet","tag-bursa","tag-indici-bursieri","tag-investitorii-straini"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/77322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77322"}],"version-history":[{"count":1,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/77322\/revisions"}],"predecessor-version":[{"id":90657,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/77322\/revisions\/90657"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}