Bucharest Stocks Rise In Line With Foreign Markets

06.06.2014 By Bogdan Neagu

The Bucharest stock exchange closed up Friday, on a positive sentiment on international markets, which were buoyed by yesterday’s cut rate of the European Central Bank, which send interest rates in negative territory.

The Bucharest market’s BET index closed at 6,692.6 points, up 0.74% on the day, while composite index BET-C rose 0.39% to 3,323.37.

Banca Transilvania (TLV.RO) gained 2.3%, and BRD (BRD.RO) closed up 0.8%. OMV Petrom (SNP.RO) increased 0.6%, but Romgaz (SNG.RO) was down 0.1%.

BET-FI, which tracks Fondul Proprietatea (FP.RO) and the five regional investment funds (SIFs), was down 0.33% to 28,355.22 points, mainly due to a 1.7% decline of SIF Transilvania (SIF3.RO). SIF Muntenia (SIF4.

Bucharest benchmark index BET-BK closed up 0.3%, while energy stocks tracker BET-NG was up 0.22%. Extended blue-chip index BET-XT rose 0.52%.

The traded values were higher than Thursday, with share transfers reaching 34.8 million lei (EUR7.9 million), compared with RON18.9 million the day before. More than hal;f of the total amount came from special deals, while Fondul Proprietatea and Romgaz were the most traded issuers on the regular market.