SSIF Broker said in a statement Wednesday the merger is aimed to increase its market share and profitability.
At the end of September, SSIF Broker said it took over about 380 clients, with assets worth 54 million lei (EUR12 million), from brokerage firm Avantgarde Finance, which would cease operations.
SSIF Broker traded at RON0.1415 a share Wednesday, up 5.05% on the day.
BET index closed down 0.4% at 5959.54, while composite index BET-C slid 0.47% on the day, to 3136.57.
The BET-FI index, which tracks Fondul Proprietatea and the five regional investment funds SIFs, fell 0.6% at 26448.87. The BET-BK index finished the session 0.32% lower at 1126.65 points, while the BET-NG dipped 0.45% to 643.76.
The wider BET-XT closed down 0.44% on the day, to 535.68.
Overall trading amounted to RON14.7 million (EUR3.3 million), with RON5.6 million secured by Fondul Proprietatea and RON4.8 million by BRD – Group Societe General.