Bucharest Share Indices Bounce Back in Lower Volumes

The blue-chip BET index of the Bucharest Stock Exchange, BVB, gained 2.56% to 4,229.49 points. The BET-FI index, which tracks the country’s five regional investment funds, the SIFs, added 1.36% to 23,163.72 points.

The composite BET-C index rose 1.54% to 2,551.65 and the ROTX index of Romania's 15 most liquid stocks, a joint index of the BVB and the Vienna Stock Exchange, rose 1.76% to 8,906.22.

BVB's turnover fell to 34.2 million lei ($11.7 million/8.0 million euro), including 17.5 million lei worth of bonds, from 41.7 million lei on Friday. The number of traded shares decreased to 43.6 million from 84.8 million on Friday.

SIF 5 Oltenia gained 2.63% to 1.17 lei in the day's largest turnover of 4.3 million lei. SIF 2 Moldova was up 2.88% to 1.07 lei on deals worth 2.1 million lei, Monday’s second largest turnover. SIF 3 Transilvania added 0.74% to 0.68 lei in the session’s third largest turnover of 1.9 million lei.

SIF 1 Banat Crisana ended unchanged at 1.1 lei in 1.7 million lei turnover, while SIF 4 Muntenia edged up 0.69% to 0.725 lei in 364,000 lei turnover.

Blue-chip lender BRD closed 1.74% higher at 11.7 lei in 1.0 million lei turnover, and its blue-chip peer Banca Transilvania advanced by 0.64% to 1.57 lei in 701,000 lei turnover. Austria’s Erste Bank added 0.25% to 118.8 lei in a turnover of 1.1 million lei.

Oil and gas company Dafora soared 8.91% to 0.11 lei in 1.1 million lei turnover.

Blue-chip oil refinery Rompetrol Rafinare surged 8.77% to 0.0583 lei in deals worth 347,000 lei, and Rompetrol Well Services stock jumped 7.41% to 0.377 lei. “Investors are expecting later this week the launch of the buyout bids for Rompetrol Rafinare and Rompetrol Well Services and that has influnced their shares,” one broker told SeeNews.

Dutch-based Rompetrol Group owns 50.59% of Rompetrol Rafinare and 51% of Rompetrol Well Services.

The BET-XT index, which tracks the 25 most liquid companies on the bourse, including the SIFs, was up 1.74% to 424.51 points. The BET-NG, which includes companies from the energy sector and utilities, jumped 3.54% to 574.54 points.

Rasdaq-C, the composite index of the over-the-counter market RASDAQ, edged up 0.07% to 2,179.47. Turnover on the RASDAQ dropped to 675,000 lei from 3.05 million lei on Friday.

(1 euro = 4.2661 Romanian lei)