BUCHAREST (Romania), November 4 (SeeNews) – Romanian share indices bounced back on Wednesday amid slim volumes, dampened by the ongoing political tension in the country, brokers said.
The blue-chip BET index of the Bucharest Stock Exchange, BVB, rose 1.63% to 4,456.46 points. The BET-FI, which tracks the country's five regional investment funds, the SIFs, added 1.06% to 20,282.06 points.
The composite BET-C index gained 1.2% to 2,610.10. The ROTX index of Romania's 15 most liquid stocks, a joint index of the BVB and the Vienna Stock Exchange, climbed 1.9% to 9,409.38.
Sluggish investor interest could well be attributed to the uncertain political situation in Romania after parliament rejected earlier on Wednesday the cabinet proposed by prime minister-designate Lucian Croitoru, one broker told SeeNews. The stock price gains were helped by positive trends on global markets.
BVB's turnover slipped to 12.4 million lei ($4.2 million/2.9 million euro) from 19 million lei on Tuesday. The number of traded shares was down to 26 million from 32.7 million on Tuesday.
Blue-chip oil and gas group OMV Petrom added 1.2% to 0.253 lei in the day's largest turnover of 2.1 million lei. SIF 5 Oltenia advanced 1.96% to 1.04 lei on deals worth 1.9 million lei, Wednesday’s second largest turnover. Blue-chip bank Banca Transilvania closed 2.23% higher at 1.83 lei on the regular market in the session’s third largest turnover of 1.4 million lei.
The other blue-chip lender, BRD, was up 1.61% to 12.6 lei in 1.1 million lei turnover, and Austria’s Erste Bank jumped 3.24% to 124.4 lei in turnover of 585,500 lei. Drug wholesaler Farmaceutica Remedia surged 4.94% to 0.17 lei in deals worth 979,000 lei.
SIF 2 Moldova picked up 1.67% to 0.915 lei in 976,000 lei turnover. SIF 3 Transilvania ended up 1.71% at 0.595 lei in deals worth 476,000 lei, and SIF 4 Muntenia backed off 0.8% to 0.62 lei in 220,000 lei turnover.
Blue-chip brokerage SSIF Broker climbed 2.9% to 0.213 lei in deals worth 264,000 lei.
The BET-XT index, which tracks the 25 most liquid companies on the bourse, including the SIFs, rose 1.4% to 423.92 points. The BET-NG, which includes companies from the energy sector and utilities, was up 1.21% to 579.87 points.
Rasdaq-C, the composite index of the over-the-counter market RASDAQ, gained 2.87% to 2,254.28. Turnover on the RASDAQ jumped to 7.2 million lei from 643,000 lei on Tuesday, as property restitution fund Proprietatea sold its 17.36% stake in drug distributor Centrofarm for 6.8 million lei.
(1 euro = 4.3029 Romanian 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