The five SIFs were gaining between 1.5% and 2.7% on the Bucharest stock exchange, after Mircea ursache, vice-president of the Financial Supervisory Authority, told ZF the regulator will discuss this week the potential rule change.
The BET-FI index, which tracks the SIFs and Fondul Proprietatea (FP.RO), was up 1.27% at around 11:40 local time (GMT0940), despite a minor decrease of the latter. Fondul Proprietatea inched 0.1% lower.
The whole market was on a slight declining trend Monday morning, with the BET index falling 0.23%. Composite index BET-C was losing 0.11%, but the extended blue-chip index BET-XT was up 0.17%.
Bucharest benchmark index BET-BK was rising 0.56%, fueled by the SIF’s rise, while energy stocks tracker BET-NG inched 0.06% higher.
The bourse’s turnover was also lifted by the news about the SIFs, as three of them were the most traded issuers in early session. The value of share transfers reached 6.1 million lei (EUR1.3 million) at 11:40, with SIF Banat-Crisana (SIF1.RO), SIF Transilvania (SIF3.RO) and SIF Moldova (SIF2.RO) covering more than half of the total amount. (EUR1=RON4.5447)