The Bucharest bourse’s BET index closed up 1.5% on the day at 5,385.67, fueled by OMV Petrom’s 2% rise and Banca Transilvania’s (TLV.RO) 2.9% increase. The two are the heaviest issuers of Bucharest’s blue-chip index.
Other two major constituents posted solid gains as well. Fondul Proprietatea (FP.RO) closed up 1.3%, while BRD (BRD.RO) rose 1%.
The general market index BET-C closed at 3,024.81, up 1.1% on the day, while BET-XT, which tracks the 25 most traded stocks in Bucharest, rose 0.95% to 495.35.
Despite Proprietatea’s rise, BET-FI fell 0.06% to 24,320.16, as four of the five SIFs ended in red, while SIF Banat-Crisana (SIF1.RO) was flat on the day. SIF Oltenia (SIF5.RO) dropped 0.9%, and SIF Transilvania (SIF3.RO) decreased 0.8%, while SIF Muntenia (SIF4.RO) and SIF Moldova (SIF2.RO) were down 0.7% and 0.5%, respectively.
Petrom’s evolution kept energy stocks tracker BET-NG up 0.66%, despite Transgaz’s (TGN.RO) 0.1% fall. Transelectrica (TEL.RO) was up 0.3%, and Rompetrol Rafinare (RRC.RO) gained 0.3% as well.
The bourse’s overall traded value was 67.6 million lei (EUR15.3 million), but the turnover on the regular market was rather small. The total was boosted by several deals with BRD stock, worth RON40.2 million and structured product transactions of RON11 million. On the main market, SIF Transilvania was the most traded issuer, with trades worth RON2.5 million, followed by Petrom, with RON2.3 million. (EUR1=RON4.4078)