Bucharest Shares Open Slightly Up In Calm Trading

05.19.2011 ZF English

The Bucharest bourse was on an slightly upward trend in early trade Thursday, with VES Sighisoara (VESY.RO) leading gainers in back-to-back sessions, after significant changes in ownership structure, while Fondul Proprietatea (FP.RO) was again on a losing path.

At 10:33 local time (GMT0733), the Bucharest Stock Exchange's composite index BET-C was up 0.33% from Wednesday's closing value, while the main index BET was up a mere 0.08%.

BET-FI, the index that tracks Proprietatea fund and the five regional investment funds SIFs, was flat as the SIFs were offsetting Proprietatea's 2% decline.

The extended blue-chip index BET-XT was gaining 0.14%, while the energy stocks tracker BET-NG was up almost 0.5%.

The bourse's overall traded value was at 3.5 million lei (EUR0.85 million) at around 10:40.

Proprietatea and VES were the most-traded issuers in early session, followed by SSIF Broker (BRK.RO), Alro Slatina (ALR.RO) and the SIFs. (EUR1=RON4.1184)