Transelectrica offers almost 11 million shares, or 15% of the company, to the public between March 14 and March 27. The SPO comes at a share price ranging between 14.9 and 19.2 lei (EUR3.41-4.4).
At around 10:37 local time (GMT0837), the company’s shares were down 3.6% on the day, to RON16.45.
Meanwhile, the stock exchange’s main index BET was gaining 1.62% on the day. The general index BET-C was up 1.3%.
The BET-FI index, which tracks the investment funds, was rising 1.33% as well. Fondul Proprietatea (FP.RO) was up 1.3%, while the five regional investment funds (SIFs) were gaining between 0.7% and 2.3%.
The BET Extended index, or BET-XT, was up 1.45% on the day, while the index tracking energy companies, BET-NG, was inching up 0.6%.
Trades unfolded on the stock exchange by 10:56 local time amounted to RON2.86 million (EUR0.6 million). (EUR1=RON4.3575)