Alro Slatina, the largest aluminum smelter in southeast Europe, Thursday reported a loss of 170 million lei (EUR38.9 million) in 2012, the first negative result since its privatization in 2012, as higher electricity costs and declining demand hurt bottom-line.
Friday, the bourse’s BET index closed down 0.52% and composite index BET-C lost 0.94%.
The Bucharest bourse’s total turnover amounted to RON17.2 million (EUR4 million), significantly lower from RON36 million a day before. Share trades contributed only some RON12.6 million.
Fondul Proprietatea (FP.RO) was the top-traded issuer on the regular market, with share trades worth RON4.04 million, followed by OMV Petrom (SNP.RO), with RON2.47 million, and SIF Transilvania (SIF3.RO), with RON2.1 million.
BET-FI, which tracks Proprietatea and the five regional investment funds (SIFs), inched down 0.19%, dragged down by all issuers except SIF Transilvania and SIF Muntenia (SIF4.RO), which closed up 0.75% and 0.06%, respectively. Proprietatea closed down 0.42%.
Bucharest benchmark index BET-BK was 0.65% lower, and extended blue-chip index BET-XT lost 0.41%.
Energy stocks tracker BET-NG inched down 0.22%. (EUR1=RON4.3573)