The Bucharest bourse’s BET index closed down 0.27% from Tuesday closing level, while composite index BET-C was flat on the day.
BET-FI, which tracks the regional investment funds (SIFs) and Fondul Proprietatea, was down 0.58%. Proprietatea inched 0.1% higher, but all the five SIFs were lower on the day.
Investors were unmoved by the news of the country’s financial supervisory authority giving the green light to SIF Banat-Crisana’s (SIF1.RO) indirect purchase of SIF Muntenia (SIF4.RO). Wednesday, the authority approved a transaction through which SIF Banat-Crisana (which closed down 1.7%) acquires Muntenia Invest, the administrator of SIF Muntenia, which fell 1.5% in today’s trading session.
Bucharest benchmark index BET-BK fell 0.46%, while BET-XT decreased 0.44%.
Stock energy tracker BET-NG, however, ended up 0.4%, as Transelectrica (TEL.RO) rose 0.4%, Transgaz (TGN.RO) added 0.6%, and Rompetrol Rafinare (RRC.RO) grew 2.8%. on the other hand, OMV Petrom (SNP.RO) lost 0.6%.
The bourse’s traded value was very reduced although it was partially saved by several late trades with Fondul Proprietatea stock. Share transfers amounted to 15.5 million lei (EUR3.5 million), with more than 70% coming from Proprietatea transactions, which totaled RON11.1 million. (EUR1=RON4.4467)