Bucharest Stock Indices Lose Ground in Lower Liquidity

The blue-chip BET index fell 0.88% to 4,394.73 points. The BET-FI index, which tracks the country’s five regional investment funds, the SIFs, lost 1.75% to 25,436.16 points.

The composite BET-C index fell 0.20% to 2,625.99 and the ROTX index of Romania's 15 most liquid stocks, a joint index of the BVB and the Vienna Stock Exchange, closed 0.65% down at 9,253.41.

BVB's turnover fell to 25.9 million lei ($9.0 million/6.2 million euro) from 35 million lei on Thursday. The number of traded shares dropped to 66.55 million from 107.3 million on Thursday.

"The bourse’s potential for big gains has weakened somewhat now. However, some small companies started to grow very agressively in the past days after investors marked their profits on SIFs and switched their interest towards smaller companies such as Dafora, Impact and Condmag," one broker told SeeNews.

SIF 2 Moldova closed 1.65% down to 1.19 lei in the day's largest turnover of 4.3 million lei. SIF 5 Oltenia lost 3.01% to 1.29 lei on deals worth 3.2 million lei, Friday’s second largest turnover. Oil and gas company Dafora was down 0.90% to 0.0991 lei in the session’s third largest turnover of 2.7 million lei.

SIF 3 Transilvania depreciated 1.97% to 0.745 lei in a turnover of 1.2 million lei. Blue-chip lender Banca Transilvania closed 0.63% up at 1.59 lei in 1.08 million lei turnover, while its blue-chip peer BRD lost 2.34% to 12.5 lei in deals worth 840,237 lei.

SIF 4 Muntenia closed 1.91% down to 0.77 lei in 928,065 million lei turnover. Blue-chip real estate company Impact Developer & Contractor closed unchanged at 0.61 lei worth 844,785 lei turnover.

The BET-XT index, which tracks the 25 most liquid companies on the bourse, including the SIFs, edged down 1.02% to 447.46 points. The BET-NG, which includes companies from the energy sector and utilities, lost 0.89% to 586.49 points.

Rasdaq-C, the composite index of the over-the-counter market RASDAQ, added 0.08% to 2,156.10. Turnover on the RASDAQ rose 4.2 million lei from 3.4 million lei on Thursday.

(1 euro=4.2015 Romanian lei)