At around 11:00 local time, Petrom’s shares were up 1.73% at 0.412 lei (EUR0.097) a share.
The Economy Ministry Thursday published the prospectus for a 9.84% secondary offering in Petrom, setting the maximum price cap at RON0.46 a share.
Still on Thursday, Petrom announced a potential significant gas discovery at one of its wells in Oltenia, southwest country, saying it could be the most important onshore gas find in the last six years.
The Bucharest bourse’s composite index BET-C was up 0.42% on the day Friday, while the main index BET was gaining 0.4%. The energy stock index BET-NG was advancing 0.95%.
BET-FI, the index tracking Fondul Proprietatea and the regional investment funds SIFs, inched up 0.33%, while the wider BET-XT increased 0.34%.
Overall trading value stood at RON5.48 million (EUR1.3 million).
Popular stocks Friday morning included investment funds Fondul Proprietatea (FP.RO) and SIF Oltenia (SIF5.RO), and chemical company Oltchim (OLT.RO).