Capital Market
Shares Close Down, Blue-Chips Rise
The Bucharest bourse closed Thursday slightly in the red, on low traded volumes, while the blue-chips managed to stay above par, towed by lender Banca Transilvania (TLV.RO).
Vimetco To Hold On Alro Stock Until Fall - Sources
Netherlands-based Vimetco is likely to delay until fall the sale of a 21% stake in aluminum smelter Alro (ALR.RO), due to unfavorable conditions on international markets, people familiar wit...
Leu Loses Gains Vs Euro, Exch Rate At 4.2341
The leu lost early gains versus the euro in mid trade Thursday and the central bank’s reference weakened 0.4% at 4.2341 units, from 4.1257 units a day earlier.
Bucharest Stocks Open Up, Proprietatea Fund Leads
Bucharest shares were modestly up in early trade Thursday, with investment fund Fondul Proprietatea (FP.RO) fueling large part of the stock exchange’s liquidity.
Leu Modestly Higher Vs Euro In Early Trade
The leu edged higher against the euro amid low volumes Thursday morning, in line with the currencies in the region as investors wait for a second vote in Greece’s parliament regarding more a...
SSIF Broker Boss: Traditional Brokerage Will Disappear
Grigore Chis, general manager of SSIF Broker Cluj (BRK.RO), says that traditional brokerage, where brokers advise clients, is about to disappear. Professional investors will trade directly t...
Leu Dips Vs Euro, Players Move On Greece News
The leu weakened slightly versus the euro at closing Wednesday, while players in the market marked their profit after news that the Greek parliament approved a set of austerity measures.
Shares Close Up, Rompetrol Stumbles
The Bucharest bourse closed Wednesday with a slight increase, while the index tracking energy companies closed below par.
Leu Dips Vs Euro, Reference At 4.2157
The leu weakened slightly against the euro mid-trade Wednesday, while other currencies in the region were losing some of their early gains.