The Bucharest bourse’s composite index BET-C gained 5.85 points, or 0.23%, to 2,567.62. The blue chip index BET added 0.11%, or 5.13 points, to 4,540.81.
The BET-FI index, which tracks the five regional investment funds (SIFs) and Fondul Proprietatea (FP.RO), was up 0.42%, at 20,090.88.
Fondul Proprietatea closed down 0.43%, at 0.461 lei (EUR0.1) a share, weighed down by recent developments at Hidroelectrica, where the fund owns 20%. The Bucharest Court on Wednesday approved the start of insolvency proceedings for the power producer, which means Proprietatea’s net asset value will fall by 21%.
SIF Muntenia was the only regional investment fund that closed in red. It lost 0.94% to RON0.738 a share. SIF Oltenia (SIF5.RO) added 1.12%, SIF Moldova (SIF2.RO) gained 1.2% and SIF Crisana-Banat (SIF1.RO) was up 2.5% on the day.
The extended blue-chip index BET-XT closed in green territory, climbing 0.24%.
Energy stocks tracker BET-NG was up 0.81%, backed by OMV Petrom (SNP.RO), which grew 0.91%, to RON0.3784 a share. Transelectrica (TEL.RO) closed flat at RON12.35 a share.
The bourse’s overall traded value stood at RON45.4 million (EUR10.1 million). Share transactions amounted to RON36.9 million (EUR8.2 million), of which more than half came from two deals, one with SIF Muntenia shares, worth RON11.5 million, and another with BRD shares, of RON10.8 million.
Fondul Proprietatea remained top-traded issuer on the main market, with transactions worth RON5.8 million, almost four times lower on the day. It was followed by Erste Group Bank (EBS.RO), with share trades worth RON4.1 million. (EUR1=RON4.463)