BUCHAREST (Romania), September 29 (SeeNews) – The share indices of the Bucharest Stock Exchange, BVB, ended mostly up on Tuesday, with oil and gas company Dafora surging by nearly 15%, brokers said.
Dafora soared 14.29% to 0.12 lei on deals worth 2.3 million lei, Tuesday’s second largest turnover. “Dafora seems to be holding the spotlight these days, probably a foreign investment fund is buying. As for the rest of the market, volumes were thin and there was no volatility in the main stock prices,” one broker told SeeNews.
The blue-chip BET index of the BVB edged down 0.15% to 4,387.85 points. The BET-FI index, which tracks the country’s five regional investment funds, the SIFs, shed 0.16% to 25,168.67 points.
The composite BET-C index added 0.55% to 2,646.50 and the ROTX index of Romania's 15 most liquid stocks, a joint index of the BVB and the Vienna Stock Exchange, ticked 0.41% higher to 9,291.84.
“The ongoing political turbulence is having no effect on the market at the moment,” the broker added.
Earlier on Tuesday, the centre-left Social Democratic Party, one of the country’s two ruling parties, threatened to leave the coalition with the Democratic Liberals, headed by prime minister Emil Boc, if President Traian Basescu endorses the dismissal of Interior Minister Dan Nica, who is affiliated to the social democrats.
BVB's turnover rose to 34.1 million lei ($11.8 million/8.1 million euro) from 20.5 million lei on Monday, including 6.5 million lei worth of bonds and 7.5 million lei worth of futures. The number of traded shares increased to 56.6 million from 40 million on Monday.
SIF 5 Oltenia closed unchanged at 1.29 lei in the day's largest turnover of 3.5 million lei. SIF 2 Moldova also ended unchanged at 1.18 lei in the session’s third largest turnover of 2.0 million lei. SIF 3 Transilvania depreciated 1.36% to 0.725 lei in a turnover of 1.2 million lei.
Blue-chip lender BRD closed unchanged at 12.6 lei in 1.5 million lei turnover, and its blue-chip peer Banca Transilvania lost 1.86% to 1.58 lei in 701,000 lei turnover.
Austria’s Erste Bank rose 1.95% to 125.4 lei in deals worth 771,000 lei, and Banca Carpatica gained 1.8% to 0.113 lei in 1.2 million lei turnover. Blue-chip power grid operator Transelectrica slid 1.55% to 12.7 lei in 701,000 lei turnover.
The BET-XT index, which tracks the 25 most liquid companies on the bourse, including the SIFs, was up 0.1% to 447.23 points. The BET-NG, which includes companies from the energy sector and utilities, rose 0.87% to 590.27 points.
Rasdaq-C, the composite index of the over-the-counter market RASDAQ, added 0.74% to 2,180.25. Turnover on the RASDAQ fell to 3.2 million lei from 3.95 million lei on Monday.
(1 euro = 4.1889 Romanian lei)
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