At around 10:47 local time, the index tracking the SIFs and investment fund Fondul Proprietatea (FP.RO), BET-FI, was up 3.25% on the day.
Composite index BET-C was up 0.6%, while the main index, BET, was gaining 0.73%.
Wider blue-chip tracker BET-XT was up 1.59%, while the index tracking energy companies, BET-NG, was rising 0.87%.
Trades unfolded on the Bucharest Stock Exchange by 10:52 amounted to 14.4 million lei (EUR3.35 million). The usual traded value around this time of day is not higher than RON2 million.
Today’s activity spike is based on trades in the SIFs. Investors moved on an announcement that Austrian Erste wants to buy 24.12% of its Romanian unit BCR for about EUR435 million in cash and stock, after reaching an agreement with four of the SIFs.
Other popular stock early Thursday included the Proprietatea fund, BRD-Groupe Societe Generale (BRD.RO) and Banca Transilvania (TLV.RO). (EUR1=RON4.2886)