US President Barack Obama Sunday said the Congressional leaders agreed to lift the debt ceiling, thus avoiding a US credit default.
At around 10:52 am (GMT0752), the Bucharest Stock Exchange’s composite index BET-C was up 1.55% from Friday’s closing level, while the main index BET was gaining 1.22%.
BET-FI, the index tracking the five regional investment funds SIFs and Fondul Proprietatea (FP.RO), was up 1.64%.
The extended blue-chip index BET-XT was gaining 1.4%, while energy stocks tracker BET-NG was up 1.7%.
The overall bourse traded value was around 4.6 million lei (EUR1.1 million), an average value for the recent period.
Proprietatea fund and the SIFs were the most traded issuers in the first hour of the session, posting growths in line with the market trend, while interest for Amonil (AMO.RO) and Socep (SOCP.RO) lifted their share prices by almost 13% and 11%, respectively. (EUR1=RON4.2403)