The BET-C composite index was up 29.5 points on the day, or 1.05%, to finish Thursday’s session at 2831.88, while the main index BET advanced 59.25 points at 5282.61.
The BET-FI index, which tracks investment fund Fondul Proprietatea (FP.RO) and the five regional investment funds (SIFs), rose 172.64 points, or 0.71% at 24502.08.
Fondul Proprietatea shares increased 2.4% shortly after a Bucharest court rule paved the way for power producer Hidroelectrica to exit an insolvency procedure, but the advance slowed to around 1% in the second half of the session. The fund holds 20% of Hidroelectrica’s shares.
“The shortage of active investors in the market has become even more visible in the last days and not even announcements that affect companies directly are enough to revitalize the market,” Bogdan Niculae, a trader with Piraeus Bank’s capital markets department, told Mediafax.
The BET-BK closed up 2.48 points at 1030.75, while the BET-NG rose 5.66 points, or 0.92%, to 618.05.
The wider BET-XT increased 4.25 points, or 0.89% to close at 483.89.
Overall trading was RON24.66 million (EUR5.54 million).
Almost half of the liquidity was covered by a deal with BRD-Groupe Societe (BRD.RO). A stake of 0.21% in BRD was traded for RON11.3 million earlier Thursday, at a price of RON7.5 a share, about 1% above Wednesday closing price.