The government pulled its secondary offering on Petrom’s shares earlier today, saying subscriptions didn’t reach the targeted 80%.
The leu closed at 4.24/4.243 per euro, slightly higher from 4.247/4.25 per euro Thursday.
Elsewhere in the region, the leu’s peers were gaining modestly versus the euro, as concern over huge debts in Italy and Spain dampened investor optimism that Greece was on its way up from the crisis after eurozone leaders agreed on a second bailout package for the troubled nation.
The leu opened up at 4.235/4.24 per euro and further gained ground, hitting an early high of 4.218 per euro. It afterward changed trend and traded near 4.24 per euro in the second half of the session.
The central bank set the leu’s reference at 4.2233 to the euro, 0.5% stronger on the day.
On the money market, overnight rates rose to 3.8%-4.3% a year, from 2.1%-2.6% in the previous session.