February 12 (SeeNews) - Romanian medical services provider MedLife [BSE:M] has signed a market making agreement with local intermediary BRK Financial Group [BSE:BRK], the Bucharest Stock Exchange announced.
"We are pleased to see that two entities active in the Romanian capital market are working together to enhance liquidity and increase the degree of representativeness among investors," Adrian Tanase, CEO of the Bucharest bourse, said in a statement earlier this week.
Under the agreement, BRK Financial Group will be displaying at all times a minimum volume of 7,000 shares for the buy and sell-side, within a spread of 1%.
"We constantly aim to thrive and, because liquidity is an extremely important indicator for attracting investment funds, we have decided to implement this Market Making program," Mihai Marcu, president and CEO of MedLife, said in a statement.
As at 14:40 CET on Wednesday, MedLife shares traded 1.28% lower at 38.5 lei ($8.81/8.08 euro), while BRK Financial Group shares were 2% up at 0.0918 lei.
(1 euro = 4.77 lei)