Capital Market
Leu Loses Edge Over Euro, Exchange Rate At 4.3159
Romanian leu lost part of its early winnings versus the euro by midday Tuesday, but the central bank’s reference strengthened for the second consecutive day to 4.3159 units, from 4.3222 unit...
Bucharest Stocks Open Down, Proprietatea Fund Hits Record Low
Bucharest shares opened lower Tuesday, tracking foreign markets, while the stocks of investment fund Fondul Proprietatea (FP.RO) fell to their lowest level since listing in January.
Leu Opens Down Vs Euro, Recoups Later
Romanian leu opened down versus the euro Tuesday, amid a negative sentiment in the region as investors move away from risky assets, but orders for foreign currency in early trade helped push...
Pension Funds Witness First Losses Since Establishment In 2008
The privately managed mandatory pension funds (pillar II) experienced for the first time the anxiety of extensive stock market corrections, watching declines of over 20% in Bucharest, Warsaw...
Proprietatea Fund Nearly Depletes Buyback Budget
Romanian investment fund Fondul Proprietatea (FP.RO) last week bought back 0.1% of its shares on the Bucharest bourse for 6.34 million lei (EUR1.46 million), the fund said in a statement Mon...
Ieba Trust Cuts Petrom Target Price To RON0.45/Share, Keeps Buy Rating
Romanian brokerage house Ieba Trust Monday cut by 6.2% its 12-month target price on Romanian leading oil company OMV Petrom (SNP.RO) to 0.45 lei (EUR0.1041) a share, but left its recommendat...
Alumil Borrows RON4M To Finance Operations
Romanian aluminum processor Alumil Rom Industry (ALU.RO) Monday said it will take out a 4 million lei (EUR925,000) loan from Marfin Bank to finance its current operations.
Leu Gains 1% Vs Euro On Suspected Central Bank Intervention
Romania’s leu firmed against the euro Monday and closed almost 1% stronger on the day, with dealers suspecting the central bank might have stepped in to prop the national currency.
Bucharest Stocks Close Down, Amid Market Apathy
The Bucharest bourse closed down 2% Monday, influenced by decreases on international markets, but the local trading figures were extremely low.