Investors underwrote 133% of shares in the secondary public offering of Transelectrica by the end of Tuesday session, bourse data showed. As such, the SPO was considered a success, since underwriting widely overshot the 70% threshold included in the SPO prospectus.
The stake was divided into two parts, one for large investors (90% of the stake) and one for small investors (10% of the stake).
Large investors underwrote 120% of their offered stock, while small investors underwrote 257%.
On the main market, Transelectrica shares closed up 0.31% to 16.15 lei (EUR3.69), on a traded value of RON0.94 million.
Meanwhile, the stock exchange’s main index BET closed up 0.74% on the day, to 5,267, while composite index BET-C gained 0.92% to 3,028.42.
Investment fund tracker BET-FI closed up 0.56% to 25,038.69. Fondul Proprietatea (FP.RO) closed flat at RON0.59, while the five regional investment funds, or SIFs, gained 0.8% on average.
SIF Muntenia (SIF4.RO) was the top gainer among the SIFs. Its shares rose 1.4% to RON0.72.
The BET Extended index, or BET-XT, gained 0.78% on the day, to 491.55, while energy tracker BET-NG rose 2.05% to 682.51.
Trades unfolded on the stock exchange Tuesday amounted to RON27.66 million (EUR6.33 million), with RON9.56 million coming from deal and main market trades in the Proprietatea fund.
Lender BRD-Groupe Societe Generale (BRD.RO) was the second-top traded issuer. Its shares dipped 0.65% to RON10.7, on a traded value of RON4.32 million.
Other popular stocks included Ropharma (RPH.RO), which rose 0.42% on the day, and OMV Petrom (SNP.RO), which gained 3.18%. (EUR1=RON4.3688)