The U.S. Federal Reserve, the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank announced coordinated actions to ease the strains in financial markets, by making US dollar funding cheaper for European banks.
Following the announcement, exchanges all over the world soared, with European markets rising around 4%, while the main Wall Street indexes were up more than 3%.
The Bucharest Stock Exchange’s composite index BET-C closed up 1.06% to 2,585.64, after struggling around par throughout most of the session, while the main index BET gained 1.28% on the day to 4,245.33.
BET-FI, the index tracking the main investment funds, rose 2.29% on the day, to 18,442.65.
The BET Extended index, or BET-XT, gained 1.76% on the day, while the index tracking energy companies, BET-NG, rose 1.45%.
Trades unfolded on the stock exchange Wednesday amounted to 49.14 million lei (EUR11.28 million), but RON20.58 million came from an early deal market trade in investment fund Fondul Proprietatea (FP.RO).
The Proprietatea fund was today’s top-traded issuer on the regular market as well. Its shares inched up 0.02% to RON0.4231, on trades worth RON7.19 million.
OMV Petrom (SNP.RO) was the second-top traded issuer. Its shares jumped 4.69% to RON0.29, on a traded value of RON2 million.
Other popular stock included Banca Transilvania (TLV.RO), which inched up 0.06%, and Erste Group Bank (EBS.RO), which soared 9.2% on the day. (EUR1=RON4.3539)