February 9 (SeeNews) - Bucharest stock indices ended in the red on Friday as daily turnover skyrocketed due to the initial public offering (IPO) of a 49% stake in Purcari Wineries, data from the Bucharest Stock Exchange, BVB, showed.
The total equity turnover of the BVB rose to 208.3 million lei ($55 million/45 million euro) from 40 million lei on Thursday, as the IPO generated some 186.2 million lei turnover.
Purcari launched the IPO on January 29, hoping to raise up to 274 million lei through the sale of 9.8 million shares. The final price in the IPO was 19 lei per share. Some 90% of the shares were bought by institutional investors, while the rest were acquired by retail investors.
Purcari Wineries is a public company incorporated under the laws of Cyprus, which owns wineries in Romania and Moldova.
In regular trading, lender Banca Transilvania [BSE: TLV] lost 1.11% to 2.2350 lei in the day’s largest turnover of 4.86 million lei.
Natural gas producer Romgaz [BSE: SNG] fell 0.30% to 32.9 lei in the day's second largest turnover of 3.8 million lei.
Lender BRD Societe Generale [BSE: BRD] stood to 13.34 lei in the day's third largest turnover of 3.73 million lei.
Details follow:
Index |
Closing Value |
Daily Change |
BET |
8,002.55 |
-0.81% |
BET-TR |
10,761.48 |
-0.80% |
BET-FI |
40,733.74 |
-0.20% |
BETPlus |
1,200.13 |
-0.76% |
BET-NG |
676.67 |
-0.82% |
BET-XT |
758.38 |
-0.69% |
BET-XT-TR |
1,037.94 |
-0.69% |
BET-BK |
1,700.81 |
-0.83% |
ROTX |
16,437.46 |
-0.81% |
BET Total Return index (BET-TR) is a free float weighted index of the 13 most traded companies listed on the regulated market and is adjusted to also reflect the dividends paid by constituent companies.
BET-BK is a free float weighted capitalization index of the most liquid 25 companies listed on the regulated market.
BET Plus is a free float market capitalization weighted index tracking 34 companies listed on BVB’s regulated market except the financial investment companies, that meet the minimum eligibility criteria, which refer to liquidity and the value of shares in free float.
BET-FI tracks the SIFs and property restitution fund Fondul Proprietatea.
BET-NG includes companies from the energy sector and utilities.
BET-XT is a blue chip index and reflects the price evolution of the most liquid 25 shares traded on the regulated market, including the SIFs.
BET-XT-TR reflects the price performance of the top 25 most traded Romanian companies, as well as their gross dividends and cash distributions.
ROTX tracks Romania's nine most liquid stocks. It is a joint index of the Bucharest bourse and the Vienna Stock Exchange.
(1 euro = 4.6561 lei)
BRD - Groupe Societe Generale SA is among the biggest banks in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here