Romanian leu’s exchange rate fell to new historic lows versus the euro and the US dollar Monday, in the first local session after the legislature suspended President Traian Basescu. A referendum on whether or not to remove the president will be held on July 29.
The Bucharest bourse’s composite index BET-C climbed 0.81%, to 2,576.46. Blue chip index BET gained 1.07%, to 4,554.76.
The BET-FI index, which tracks the five regional investment funds (SIFs) and Fondul Proprietatea (FP.RO), closed up 2.86%, as all issuers, except SIF Muntenia (SIF4.RO), which was absent from trading, closed in green territory.
Fondul Proprietatea closed up 1.09%, to 0.465 lei (EUR0.10) a share. The four other issuers registered increases which ranged between 2.76% and 5.88%.
The extended blue-chip index BET-XT ended up 1.65%. The Bucharest bourse’s benchmark index BET-BK gained 1.24%. Erste Group Bank (EBS.RO) closed flat.
Energy stocks tracker BET-NG rose 0.82%, lifted by OMV Petrom (SNP.RO) (+1.35%), Transgaz (TGN.RO) (+0.73%) and Rompetrol Rafinare (RRC.RO) (+3.52).
Transelectrica (TEL.RO) dropped 1.45%.
The bourse’s overall traded value stood at RON148.19 million (EUR32.7 million), with bond deals contributing RON112.09 million (EUR24.7 million).
Share trades amounted to RON34.9 million (EUR7.7 million), of which RON5.38 million came from four special deals with Fondul Proprietatea, SIF Moldova (SIF2.RO), BRD – Groupe Societe Generale (BRD.RO) and SIF Crisana-Banat (SIF1.RO) shares.
Proprietatea was top-traded issuer on the main market, with share transactions worth RON18.01 million. It was followed by SIF Oltenia (SIF5.RO), with share trades of RON3.5 million, and SIF Transilvania (SIF3.RO), with share transactions amounting to RON2.49 million. (EUR1=RON4.5275)