At around 11:00 a.m., the bourse’s composite index BET-C was losing a mere 0.03% from Friday close, and the main index BET was 0.18% lower, with Fondul Proprietatea (FP.RO), BRD (BRD.RO) and Banca Transilvania (TLV.RO) losing 0.14%, 0.34% and 0.9%, respectively.
Benchmark index BET-BK was down 0.15%, and the BET-FI index, which tracks the five regional investment funds SIFs and Proprietatea, fell 0.02%, weighed down by three issuers: Proprietatea, SIF Crisana-Banat (SIF1.RO) (-0.37%) and SIF Moldova (SIF2.RO) (-1.27%).
SIF Moldova said Friday it wants to share control of SIF Muntenia (SIF4.RO) with SIF Crisana-Banat by acquiring about 50% of Muntenia Invest, the manager of SIF Muntenia. SIF Moldova will buy the shares from SIF Crisana-Banat, a statement issued by the latter reveals, and will pay 8.2 million lei (EUR1.8 million) for the 49.96% stake.
SIF Muntenia was trading up 0.07% Monday morning.
Energy tracker BET-NG inched up 0.25%, supported mainly by Transelectrica (TEL.RO), which added 0.29%, and OMV Petrom (SNP.RO), with a 0.6% increase.
Wider BET-XT was down 0.13%.
Overall trading in Bucharest amounted to RON2.6 million (EUR0.58 million). Fondul Proprietatea was top-traded issuer Monday morning, with total deals worth about RON2 million. (EUR1=RON4.4303)