The overall traded value increased slightly on the day, and investors showed no visible reaction to the Constitutional Court’s ruling regarding the July 29 referendum to impeach suspended President Traian Basescu. According to the Court, the referendum was correctly organized but failed to meet the required turnout of more than 50% of eligible voters. While Basescu may return to office, political tensions are likely to continue and take a greater toll on the Romanian economy.
However, the Bucharest bourse’s composite index BET-C gained 0.35% to 2,721.69, and blue chip index BET rose 0.38%, to 4,864.05.
The BET-FI index, which tracks the five regional investment funds (SIFs) and Fondul Proprietatea, closed 1.4% higher, supported by all issuers. Proprietatea ended up 0.75%, to 0.535 lei (EUR0.11) a share. The five regional investment funds registered increases ranging between 1.08% and 2.45%.
The extended blue-chip index BET-XT added 0.61%, and benchmark index BET-BK rose 0.53%.
Energy stocks tracker BET-NG ended up 1.11%, lifted by Rompetrol Rafinare (RRC.RO), with a 3.28% increase. Transgaz (TGN.RO) gained 1.26%, and OMV Petrom (SNP.RO) rose 0.78%.
The bourse’s overall traded value stood at RON22.8 million (EUR5.08 million). Share trades amounted to RON20.7 million (EUR4.6 million), of which RON1.74 million were covered by two special deals with shares of BRD-Groupe Societe Generale (BRD.RO) and Fondul Proprietatea.
Proprietatea was the top-traded issuer on the main market with share trades worth RON10.1 million.
Earlier Tuesday, securities commission CNVM decided Swiss grain trader Ameropa Holding AG may delist Romanian fertilizer producer Azomures (AZO.RO) from the Bucharest bourse. Following the CNVM decision, Azomures shares have been suspended from trading on the bourse. The last trading price for Azomures shares was RON2.13 a share. (EUR1=RON4.4987)