Around mid-day in the previous session, the SIFs started soaring, on news that the Chamber of Deputies would hold talks on November 22 to raise the stake cap for SIFs to 5% from 1%.
At around 10:25 local time today, the SIFs were the top traded issuer and their index, BET-FI, which also includes Fondul Proprietatea (FP.RO), was up 0.96% on the day.
Meanwhile the stock exchange’s main index BET was dipping 0.03%, while composite index BET-C was down 0.17%.
The BET Extended index, or BET-XT, was rising 0.3%, while the index tracking energy companies, BET-NG, was up 0.26%.
Trades unfolded on the stock exchange by 10:30 local time amounted to 6.49 million lei (EUR1.49 million).
Aside from the SIFs, popular stock early Wednesday included Erste Group Bank (EBS.RO) and the Proprietatea fund. (EUR1=RON4.3487)