Mihai-Razvan Ungureanu’s three-month old cabinet is facing its first motion of no-confidence in the Romanian Parliament Friday.
Most market indices were flat or very close to zero at around 11:00 local time (GMT0800), with only BET-NG, which tracks the energy stocks, gaining a mere 0.15%.
The traded values were higher than the past weeks’ average, at some 5.3 million lei (EUR1.2 million) after an hour of trading.
SIF Transilvania (SIF3.RO) was the most traded issuer within the first hour, with its shares up 1.5%. Fondul Proprietatea (FP.RO) saw its shares fall 0.3% in early trade, while SIF Muntenia (SIF4.RO) fell 1.2%. Transgaz (TGN.RO) was up 0.6%, while Impact (IMP.RO) stocks gained 8.6%, a day after it announced a top management change. Impact’s founder Dan Ioan Popp was replaced from the chairman position by a former Romtelecom executive.