Thus, Oltchim shares closed up 6.57%, at 0.8440 lei a share. Oltchim shares significantly gained ground late last week, to over 23%, after Premier Victor Ponta said the company will be sold “these months.” Economy Minister Daniel Chitoiu said Friday the government has approved a state guarantee for a EUR40 million loan for the company. Oltchim, which was placed under special administration late June with a view for privatization, will use the money to finance working capital and prevent further loss.
Also, a 0.83% stake in Romanian investment fund Fondul Proprietatea (FP.RO) was traded in the second part of Thursday session on the Bucharest Bourse, for 54.9 million lei (EUR11.9 million). The shares were traded at 4:17 p.m. (GMT1:17), at RON0.479/share, up 0.57% from Wednesday’s closing.
The Bucharest bourse’s composite index BET-C gained 0.64%, to 2,600.69, and blue chip index BET rose 0.96%, to 4,634.36.
The BET-FI index, which tracks the five regional investment funds (SIFs) and Fondul Proprietatea added 0.78%, with all issuers closing in green territory except for SIF Muntenia (SIF4.RO), which was down 0.15%. Proprietatea ended up 0.73%, to RON0.4765 (EUR0.10) a share.
The extended blue-chip index BET-XT closed 0.88% higher. The Bucharest bourse’s benchmark index BET-BK rose 0.86%. Erste Group Bank (EBS.RO) inched up 0.91%, to RON66 (EUR14.3) a share.
Energy stocks tracker BET-NG was up 0.58%. OMV Petrom (SNP.RO) added 0.80%, Dafora (DAFR.RO) was up 2.63%, Rompetrol Rafinare (RRC.RO) gained 1.27%, while Transelectrica (TEL.RO) and Transgaz (TGN.RO) decreased 1.04% and 0.27%, respectively.
The bourse’s overall traded value stood at RON74.47 million (EUR16.11 million), slightly down from RON80.4 million (EUR17.4 million) a day before. Share trades amounted to RON69.2 million (EUR14.97 million).
SIF Oltenia (SIF5.RO) was also top-traded issuer on the main market, with share transactions worth RON5.73 million. It was followed by Fondul Proprietatea and Erste Group Bank with RON2.68 million and RON1.60 million, respectively. (EUR1=RON4.6205)