At around 11:17 local time (GMT0817), the Bucharest bourse’s composite index BET-C was up 2.6% from Thursday’s closing value, while the main index BET was up 1.9%.
US markets gained up to 4.6% on Thursday, but the European stocks were mostly down in early trading. However, investors in Bucharest didn’t seem to fear the volatility in European markets and the local shares stayed on course.
BET-FI, the index tracking Fondul Proprietatea (FP.RO) and the regional investment funds SIFs, was gaining 2.7%.
The extended blue-chip index BET-XT was up 2.8%, while energy stocks tracker BET-NG was up 2.7%.
The bourse’s overall traded value was lower than in the previous sessions, at around 12.1 million lei (EUR2.8 million) at around 11:27.
Proprietatea and the SIFs were again the most traded issuers, followed by Banca Transilvania (TLV.RO) and Oltchim (OLT.RO). (EUR1=RON4.2885)