The stock market seems to have made some recovery on Tuesday, as investors were focusing on investment fund Fondul Proprietatea (FP.RO) and oil company OMV Petrom (SNP.RO).
Meanwhile, state-owned power-grid operator Transelectrica (TEL.RO) is suspended from trading as authorities decide the minimum and maximum price for a secondary public offering targeting a total 15% in the company.
At around 10:47 local time (GMT0847), the stock exchange’s main index BET and composite index BET-C were up 1.23% and 0.97% respectively.
BET-FI, the index tracking the regional investment funds (SIFs) and the Proprietatea fund, was up 1.35% on the day.
The BET Extended index, or BET-XT, was up 1.14%, while the index tracking energy companies, BET-NG, was up 1%.
Trades unfolded on the stock exchange by 10:52 local time (GMT0852) amounted to 4.87 million lei (EUR1.11 million).
Aside from Petrom and Proprietatea, popular stocks early Tuesday included Banca Transilvania (TLV.RO) and the five regional investment funds, or SIFs. (EUR1=RON4.3558)