Bucharest Stocks End Flat, Not Linked To International Upward Trend

08.25.2014 By Bogdan Neagu

The Bucharest stocks were barely moved Monday, while foreign markets tested new highs, but the traded values were higher than the average in the past seven weeks.

Standard and Poor's 500, one of the main indicators of US markets' trend, reached an all-time high at 2,000 points in intraday trading Monday, coming after strong increases of European stocks.

In Bucharest however, the BET index barely gained 0.04% to 7,042.4 points, while BETPlus closed at 1,043.94 points, up just 0.01% from Friday.

Investment fund tracker BET-FI rose 0.46%, despite Fondul Proprietatea’s (FP.RO) 0.3% fall. SIF Moldova (SIF2.RO) closed up 1.7%, while both SIF Oltenia (SIF5.

Bucharest benchmark index BET-BK was up 0.38%, while BET-NG, which tracks energy stocks, was the only index in negative territory, recording a 0.11% decline. OMV Petrom (SNP.RO) fell 0.8%, but Electrica (EL.RO) was up 0.3% and Transgaz (TGN.RO) closed 0.5% higher, while the shares of Romgaz (SNG.RO) were almost unmoved.

The bourse’s total traded value reached 117.3 million lei (EUR26.7 million), but almost 90% of the amount came from special deals with Fondul Proprietatea, Petrom, Banca Transilvania (TLV.RO), BRD (BRD.RO) and Romgaz.

The trades on the regular market were barely above RON12 million, With Electrica and Proprietatea as the most traded issuers. (EUR1=RON4.3947)