The shares of chemical company Azomures (AZO.RO), which was cleared for takeover by Ameropa Holding, closed up 2.5% on the day, to 1.8 lei (EUR0.41), on a traded value of RON1.53 million.
However, the strong rise seen by Azomures was overshadowed as the heaviest issuers in the Bucharest market’s BET index closed in the red. Fondul Proprietatea (FP.RO) dropped 0.94% on the day, to RON0.59, while OMV Petrom (SNP.RO) fell 1.1% to RON0.4, and BRD-Groupe Societe Generale (BRD.RO) saw its shares drop 2.1% to RON10.75.
Thus, BET dropped 0.9% on the day, to 5,217.37.
The Bucharest bourse’s composite index BET-C fell 1% to 2,998.71, while BET-FI, the index tracking Fondul Proprietatea and the five regional investment funds, or SIFs, closed down 0.74% to 24,510.85.
The SIFs dropped 0.7% on average, with SIF Muntenia (SIF4.RO) posting the strongest decline, of 1.4% to RON0.72.
The BET Extended index, or BET-XT, dropped 0.93% on the day, to 485.29, while energy tracker BET-NG dipped 0.74%.
Trades unfolded on the stock exchange Monday amounted to RON50.28 million (EUR11.5 million), but RON24.66 million came from bond trades.
The Proprietatea fund was today’s most sought-after issuer. Its stocks were involved in trades worth a total RON10.6 million.
A distant second place went to SIF Transilvania (SIF3.RO), whose shares closed roughly flat, at RON0.67, on a traded value of RON3.13 million.
Among the gainers, Erste Group Bank (EBS.RO) rose 2.2% to RON82.5 a share. (EUR1=RON4.3794)