Fondul Proprietatea closed at 0.777 lei (EUR0.174) a share, or 5% higher on the day.
The fund earlier today received regulatory approvals for a buyback program of up to 600 million of its own shares and set a purchase price of RON1 a share. Following the announcement, the fund’s shares rose to a record high of RON0.7995 a share in intraday trading.
The BET-C closed up 34.44 points, or 1.1%, at 3171.01, while the BET index rose 1.33% to 6038.62.
The BET-FI index, which tracks Fondul Proprietatea and the five regional investment funds SIFs, gained 434.3 points, or 1.64%, at 26883.17.
The BET-BK finished the session 0.87% higher at 1136.44 points, while the BET-NG was roughly flat at 643.66.
The wider BET-XT closed at 541.08, up 1.01% on the day.
Overall trading more than tripled to RON47.38 million (EUR10.61 million), from RON14.7 million a day earlier, with Fondul Proprietatea fueling the bulk of today’s liquidity. (EUR1=RON4.4623)