Capital Market
Bucharest Stocks Open Down Amid Low Volumes
Bucharest shares opened lower Monday, tracking European markets, with investment fund Fondul Proprietatea (FP.RO) covering over one third of the bourse’s liquidity in early trade.
Leu Flat Vs Euro In Early Trade
Romania’s leu opened flat against the euro Monday and barely moved in early action, amid low volumes.
Money-Market Funds Get Most Investments, But Equity Funds Are More Profitable
Investments in mutual funds rose to 170 million lei (about EUR39 million) in February, which shows a rebound of the market after the decline in the last quarter of 2011.
Bucharest Stocks Close Roughly Flat, SIFs Drop
The Bucharest bourse closed Friday roughly flat on the day, but the five regional investment funds, or SIFs, dropped by more than 1.7% on average.
Leu Ends Lackluster Week Flat Vs Euro
Romania’s leu continued to trade in a tight range against the euro in early session Friday, ending an uneventful week during which it barely moved outside 4.35/4.36 per euro, amid low volume...
Oltchim Trades Up 5% After EU Clears State Aid
The shares of Oltchim (OLT.RO) were up 4.9% in late trade Friday in Bucharest, after being suspended for six hours pending an announcement regarding the clearance of a state aid for the trou...
STK Trading Gives Up Brokerage Operations
Romania’s securities commission CNVM has withdrawn the operating license of brokerage firm STK Trading Cluj-Napoca, at the firm’s request.
Leu Exchange Rate Moves Slightly To 4.3545 Vs Euro
Romania’s leu traded in narrow ranges against the euro by midday Friday and the central bank’s reference barely moved to 4.3545 units, from 4.3553 units a day earlier.
Transelectrica Public Offering To Be Launched Next Week - Sources
The secondary public offering whereby Romanian authorities are planning to sell a 15% stake in power grid operator Transelectrica (TEL.RO) will have a minimum price and a maximum one, and it...