Transgaz closed up 3.4% Thursday, after investment fund Fondul Proprietatea (FP.RO) announced it sold its entire 15% stake in the natural gas company, via a private offering, for a total 303.51 million lei (EUR68.2 million).
On Friday morning, Transgaz traded down at around 11:00 local time (GMT0900). The bourse’s BET index was down 0.17%, while composite index BET-C was losing 0.16%.
Investment fund tracker BET-FI inched 0.13% lower, despite Fondul Proprietatea’s small increase. Proprietatea traded up 0.2%, but SIF Transilvania (SIF3.RO) was down 1%, while SIF Banat-Crisana (SIF1.RO) was losing 0.6%. The other three regional investment funds (SIFs) were in green territory.
Bucharest benchmark index BET-BK was down 0.11%, while energy stocks tracker BET-NG was declining 0.36%.
The traded values were higher than in recent sessions, with share transfers reaching RON8.2 million (EUR1.8 million) after the first hour of trading. Transgaz was the most sought after stock, followed by Fondul Proprietatea and Romgaz (SNG.RO). (EUR1=RON4.4527)