Proprietatea was trading up almost 3% at 10:30 local time (GMT0730) and hit a new record of RON0.8 per unit.
The fund closed at RON0.777 a share Thursday, 5% higher on the day, after it received regulatory approvals for a buyback program of up to 600 million of its own shares and set a purchase price of RON1 a share. Following the announcement, the fund’s shares rose to a record high of RON0.7995 a share in intraday trading.
The bourse’s overall traded value was 35.2 million lei (EUR7.9 million) at about 10:30 and RON34 million was secured by Proprietatea alone.
BET index was gaining 0.26%, supported only by Fondul Proprietatea.
Composite index BET-C was up 0.44%, and extended blue-chip index BET-XT was 0.15% higher.
BET-FI, which tracks Proprietatea and the five regional investment funds (SIFs), was climbing 0.82%.
Bucharest benchmark index BET-BK was dropping a mere 0.04% and energy stocks tracker BET-NG was down 0.07%, with OMV Petrom (SNP.RO), Transgaz (TGN.RO) and Transelectrica (TEL.RO) in red territory. (EUR1=RON4.4623)