Investors were not influenced Thursday by news of a higher-than-expected economic growth in the third quarter of 2013. Romania’s economic growth accelerated to 4.1% in the July-September period, from an annual increase of 1.5% in the second quarter, a flash estimate of the country’s statistics institute showed Thursday.
At around 11:25 local time (GMT0925), the Bucharest bourse’s BET index was up 0.27% from Wednesday closing level, while general index BET-C advanced 0.26%.
BET-FI, which tracks the five regional investment funds (SIFs) and Fondul Proprietatea (FP.RO), rose 0.28%, while extended blue-chip index BET-XT gained 0.26% on the day.
Bucharest benchmark index BET-BK was up a mere 0.09%, while energy stocks tracker BET-NG traded 0.02% higher.
The bourse’s turnover amounted to RON14.4 million (EUR3.2 million), boosted by trades with Romgaz shares.
State-run natural gas producer Romgaz Thursday reported a 55% decrease in its nine-month profit, mainly due to a decrease in delivered gas volumes. Romgaz posted a net profit of RON410.6 million (EUR93.1 million) in the January-September period, from RON917.6 million in year-earlier interval. Its sales fell 10% on the year to RON2.59 billion, due to declines of quantities delivered both from local sources and from import, the company said in a statement. (EUR1=RON4.4619)