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Bucharest Bourse Indices End Mostly Up amid Lower Liquidity, Tentative Sentiment

Sep 18, 2009, 7:46:13 PMArticle by Sabina Kotova
share
September 18 (SeeNews) - The share indices of the Bucharest Stock Exchange, BVB, closed mostly up on Friday in lower trading volumes with investors in a hesitant mood, brokers said.

Bucharest Bourse Indices End Mostly Up amid Lower Liquidity, Tentative Sentiment

The blue-chip BET index of the BVB fell 0.53% to 4,343.39 points, while the BET-FI, which tracks the country's five regional investment funds, the SIFs, gained 1.75% to 24,867.60 points.

The composite BET-C index added 0.06% to 2,568.47 and the ROTX index of Romania's 15 most liquid stocks, a joint index of the BVB and the Vienna Stock Exchange, shed 0.67% to 9,218.54.

BVB's turnover fell to 37 million lei ($12.7 million/8.7 million euro), including 21.4 million lei worth of government bonds, from 46 million lei on Thursday. The number of traded shares decreased to 55.8 million from 63.1 million on Thursday.

Blue-chip lender BRD closed down 1.56% at 12.6 lei in the day's largest turnover of 2.4 million lei. SIF 5 Oltenia rose 1.63% to 1.25 lei on deals worth 2.1 million lei, Friday’s second largest turnover. SIF 2 Moldova gained 2.7% to 1.14 lei in a 1.7 million lei turnover, the session’s third largest.

Lender Banca Carpatica appreciated by 2.88% to 0.107 lei in a turnover of 782,000 lei, while blue chip Banca Transilvania slid 1.86% to 1.58 lei in 1.4 million lei turnover. Austria's Erste Bank edged down 0.23%% to 127.7 lei in deals worth 776,000 lei.

Blue-chip oil and gas group Petrom closed unchanged at 0.262 lei in 623,000 lei turnover, and power grid operator Transelectrica lost 0.78% to 12.8 lei in 576,000 lei turnover. Electronics retailer Flamingo International corrected downwards by 9.95% to 0.0389 lei in deals worth 848,000 lei, after gaining 68% over the past six trading sessions.

The BET-XT index, which tracks the 25 most liquid companies on the bourse, including the SIFs, was up 0.13% to 440.07 points. The BET-NG, which includes companies from the energy sector and utilities, advanced 0.54% to 565.89 points.

Rasdaq-C, the composite index of the over-the-counter market RASDAQ, edged up 0.18% to 2,143.96. Turnover on the RASDAQ fell slightly to 1.8 million lei from 1.9 million lei on Thursday.

(1 euro = 4.2632 Romanian lei)

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