Bucharest Stocks Open Up On Revived Interest

01.08.2014 By Bogdan Neagu

The Bucharest stock exchange traded higher in the first hour of the Wednesday session, amid revived interest from investors.

At 11:00 local time (GMT0900), the Bucharest bourse’s BET index was up 0.35% from Tuesday closing level, while composite index gained 0.57%.

The advance was supported by bank stocks, with Banca Transilvania (TLV.RO) gaining 0.6% and BRD-Groupe Societe Generale (BRD.RO) up 0.4%.

Fondul Proprietatea (FP.RO) was up 0.3%, while Romgaz (SNG.RO) added 0.4%.

BET-FI, which tracks Fondul Proprietatea and the five regional investment funds (SIFs), was up 0.54%, while extended blue-chip index BET-XT was increasing 0.41%.

Bucharest benchmark index BET-BK traded 0.97% higher, while energy stocks tracker BET-NG was up 0.45%.

Among the highest risers, Erste Group Bank (EBS.RO) was up 6.7%, while Rompetrol Rafinare (RRC.RO) traded 5.4% higher.

The traded values were higher than in recent sessions, with share transfers reaching 15.4 million lei (EUR3.4 million) at 11:00, also supported by special deals with Proprietatea and BRD stock worth RON4.6 million. Fondul Proprietatea was the most traded issuer on the regular market, as well, with a turnover of RON6.1 million. (EUR1=RON4.501)