The Bucharest Stock Exchange closed up 3% Thursday on improved sentiment in the region as EU leaders announced new measures to deal with the sovereign debt crisis. The five regional investment funds SIFs gained up to 9.6% on the day.
At around 10:30 Friday, the market’s composite index BET-C was up 0.39%, while the main index BET was gaining 0.12%.
BET-FI index, which tracks the SIFs and investment fund Fondul Proprietatea (FP.RO), nudged down 0.03%, but the wider BET-XT was up 0.19%.
The energy index BET-NG was gaining 0.57%.
Overall trading in Bucharest was RON6.57 million (EUR1.5 million), with RON1.8 million coming from Fondul Proprietatea deals. The fund’s shares inched down 0.33% to RON0.4525.
Chemical plant Oltchim (OLT.RO) gained 14.94% at RON1.616 a share on speculative trading. Investors pushed Oltchim’s price up from RON0.53 a share in the past eight sessions.