The Bucharest bourse’s BET index rose 2.29% to 4,700.49, while the composite index BET-C closed at 2,658.57, up 2.16% on the day.
However, the market’s moves came on very few transactions, as the value of share trades amounted to just 9.1 million lei (EUR2 million), less than half of Monday’s turnover. The bourse’s overall traded value was RON14.5 million (EUR3.3 million).
BET-FI, which tracks Fondul Proprietatea (FP.RO) and the five regional investment funds (SIFs) was up 1.57% to 20,445.26, while the extended blue-chip index BET-XT gained 2.1% to 425.98.
Energy stocks tracker BET-NG rose 2.4% to 570.47, lifted by OMV Petrom’s (SNP.RO) 3.8% advance.
Fondul Proprietatea was the most traded issuer in Bucharest Tuesday. Its shares closed up 1.8% at RON0.499, after trades worth RON3.9 million.
SIF Muntenia (SIF4.RO) and SIF Transilvania (SIF3.RO) were the only other stocks that generated trades worth more than RON1 million each. SIF Muntenia closed up 1.3%, at RON0.79 a share, while SIF Transilvania shares traded up 0.5% to RON0.469. (EUR1=RON4.4452)