At around 10:40 local time, Oltchim’s shares were gaining about 14% on the day at 1.507 lei (EUR0.3645). Speculators started to buy stock after German PCC raised its stake in Oltchim to 16.5%, from around 12% previously.
Total trading with Oltchim stock stood at RON743,125 (EUR180,000)
The Bucharest Stock Exchange’s composite BET-C advanced 0.11% on the day, while 10-share blue-chip index BET was up 0.43%.
BET-FI, the index tracking the Proprietatea fund and the SIFs, inched up 0.14%, while the wider BET-XT index rose 0.19%. The energy stock index BET-NG was gaining 0.41%.
Overall trading value stood at RON4.9 million (EUR1.1 million).
Apart from Oltchim, other top-traded issuers Friday morning included investment fund Fondul Proprietatea (FP.RO), chemical fertilizer maker Azomures (AZO.RO) and regional fund SIF Transilvania (SIF3.RO).