The foreign markets went up and gold prices fell after the media reports of the end of the army exercises. However, there were no news about the Russian troops in Ukraine’s Crimea region.
Monday, the Romanian shares followed the international trend and posted deep losses, with the BET index falling 3.8%.
Tuesday morning, part of the loss was erased, as stocks jumped from the opening bell.
At around 10:30 local time (GMT0830), BET was up 1.67% from Monday closing level, while composite index BET-C was rising 1.38%.
BET-FI, which tracks Fondul Proprietatea (FP.RO) and the five regional investment funds (SIFs), also rebounded after yesterday’s 5% decline, and it traded up 2.43% at 10:30 am. Proprietatea was up 1.9%, and almost all five SIFs were gaining more than 3%.
Bucharest benchmark index BET-BK was up 1.82%, while extended blue-chip index BET-XT was up 1.79%. Energy sector index BET-NG was gaining 1.35%.
The traded values were slightly lower than yesterday, at 3.6 million lei (EUR0.8 million) after 30 minutes of the session, with OMV Petrom (SNP.RO) and Fondul Proprietatea covering avout two thirds of the total amount. (EUR1=RON4.5169)