BUCHAREST (Romania), November 30 (SeeNews) – Romanian stock indices continue closed mostly higher in calm trading and falling turnover, bourse data showed.
The blue-chip BET index of the Bucharest Stock Exchange, BVB, rose 0.49% to 4,841.58 points. The BET-FI, which tracks the country's five regional investment funds, the SIFs, gained 1.45% to 23,700.17 points.
The composite BET-C index edged down 0.02% to 2,781.45. The ROTX index of Romania's 15 most liquid stocks, a joint index of the BVB and the Vienna Stock Exchange, closed unchanged at 10,026.26.
"Today's session, the last one for November, had modest liquidity and a bit higher buyers' confidence. The SIFs were better sustained as sellers held back as the general opinion of the world financial press was that the Dubai situation was overestimated," Prime Transaction brokerage said in a daily stock report on its website.
Last week Dubai, part of the United Arab Emirates, said two of its investment companies planned to delay repayment on billions of dollars of debt as a first step towards restructuring. The news hit all global markets as possible Dubai debt default could spell trouble for banks and markets outside the emirate.
"In the absence of any significant stock price variations on the foreign markets, probably the Romanian bourse will stay calm this week as it's a bit shorter and precedes the second round of the country's presidential elections due on Sunday," the brokerage said.
It's public and market holiday in Romania on Tuesday as the country celebrates its National Day.
BVB's turnover halved to 14.4 million lei ($5.0 million/3.4 million euro), from 27 million lei on Friday. The number of traded shares decreased to 19 million from 44.3 million on Friday.
SIF 5 Oltenia closed 1.6% higher at 1.27 lei in the day's largest turnover of 3.8 million lei. Austria’s Erste dropped 2.67% to 116.7 lei on deals worth a total of 3.5 million lei, Monday’s second highest turnover. SIF 2 Moldova advanced 2.75% to 1.12 lei on the regular market in the session’s third largest turnover of 2.3 million lei.
Blue-chip lender Banca Transilvania climbed 2.26% to 2.26 lei in deals worth 515,000 lei. The other blue-chip bank, BRD, ended flat at 13.5 lei in 1.5 million lei turnover.
SIF 3 Transilvania added 0.74% to 0.68 lei in deals worth 520,000 lei, and SIF 1 Banat Crisana appreciated by 0.91% to 1.11 lei in 441,000 lei turnover.
Blue-chip gas transmission company Transgaz closed unchanged at 159 lei in deals worth 333,000 lei, as well as blue-chip oil and gas prospecting company Dafora, which ended at Friday’s close of 0.1 lei in 194,000 lei turnover.
The BET-XT index, which tracks the 25 most liquid companies on the bourse, including the SIFs, ended up 0.72% at 472.25 points. The BET-NG, which includes companies from the energy sector and utilities, edged up 0.09% to 604.81 points.
Rasdaq-C, the composite index of the over-the-counter market RASDAQ, rose 0.81% to 2,203.24. Turnover on the RASDAQ increased to 970,000 lei from 775,000 lei on Friday.
(1 euro = 4.2759 Romanian lei)
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