Bucharest’s BET index rose 3.5%, while composite index BET-C was up 3.3%.

Transelectrica was up 6.6%, extending the gains in the last session of 2012, when the shares rose 10.3% after the country’s energy regulator approved an increase in tariffs perceived by the power grid operator.

Fondul Proprietatea closed 3.8% higher and BRD-Groupe Societe Generale (BRD.RO) gained 4.2%.

BET-FI, which tracks the main investment funds, was up 2.9%, as the five SIFs were mostly underperforming. SIF Transilvania (SIF3.RO) and SIF Oltenia (SIF5.RO) both rose 2.1%, while SIF Moldova (SIF2.RO) was up 2.7%.

Both BET-XT and benchmark index BET-BK closed 3.1% higher on the day, while energy stocks tracker BET-NG rose 3.4%.

OMV Petrom (SNP.RO) closed up 2.8%, while Banca Transilvania (TLV.RO) increased 3.1%.

The bourse’s total traded value was 35 million lei (EUR8 million), of which share trades amounted to 31 million lei (EUR7 million). Transactions with Fondul Proprietatea, Transelectrica and Banca Transilvania covered more than half of the bourse’s turnover (EUR1=RON4.4153)