A EUR100 billion reduction in the Greek debt, a EUR1 trillion fund supporting struggling states and Italy’s commitment to counter its looming debt problem sent a ripple of optimism throughout markets today.
At around 10:48 local time, the Bucharest Stock Exchange’s composite index BET-C and main index BET were rising some 2% on the day.
BET-FI, the index tracking the main investment funds, was gaining 3%.
The BET Extended index, or BET-XT was up 2.46% on the day, while the index tracking energy companies, BET-NG, was rising 1.94%.
Trades unfolded on the stock exchange by 10:54 local time amounted to 16.17 million lei (EUR3.73 million).
Popular stock early Thursday included Fondul Proprietatea (FP.RO), Banca Transilvania (TLV.RO), Erste Group Bank (EBS.RO), SIF Transilvania (SIF3.RO) and SIF Moldova (SIF2.RO). (EUR1=RON4.3274)