The cumulated stake of Romanian investors rose to 47.71% in July, from a total stake of 44.93% at the end of June.

The figures refer to both private and corporate investors.

Romanian Finance Ministry’s stake was 12.39% in July, down from 18.9% a month earlier.

Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism.

In May, the fund initiated a buyback process to keep its shares from falling too much. So far, the fund bought back a stake of 1.18%.

Fondul Proprietatea was floated on the Bucharest Stock Exchange on January 25.

Wednesday afternoon, Fondul Proprietatea traded down 0.25% at RON0.439 a share. (EUR1=RON4.262)