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Electrica leads blue-chip gainers on Bucharest bourse, stock indices rise

Electrica leads blue-chip gainers on Bucharest bourse, stock indices rise Bucharest Stock Exchange Author (BVB) License: all rights reserved.

BUCHAREST (Romania), July 17 (SeeNews) - Romanian power supplier and distributor Electrica [BSE:EL] led the gainers among the blue-chips on the Bucharest Stock Exchange (BVB) on Monday, bourse data showed.

The total equity turnover of the BVB rose to 22.7 million lei ($5.7 million/4.9 million euro) from 12 million lei on Friday.

Electrica was the top blue-chip gainer, climbing 3.06% to 14.16 lei in the day's largest turnover of 10.7 million lei.

Blue-chip investment fund Fondul Proprietatea [BSE: FP] rose 2.35% to 0.8520 lei the day's second largest turnover of 4.22 million lei.

On Monday, Electrica signed a 752 million lei memorandum of understanding for the buyout of minority stakes in four of its subsidiaries from Fondul Proprietatea. FP holds 22% stakes in each of these subsidiaries: SDEE Distributie Muntenia Nord, SDEE Distributie Transilvania Sud, SDEE Distributie Transilvania Nord and Electrica Furnizare.

Blue-chip lender Banca Transilvania [BSE:TLV] fell 1.04% to 2.85 lei in the day's third largest turnover of 3.23 million lei.

Details follow:

Index Closing Value Daily Change
BET 8,155.34 0.28%
BET-TR 10,750.60 0.27%
BET-FI 33,288.66 0.58%
BETPlus 1,211.71 0.29%
BET-NG 668.54 0.38%
BET-XT 739.93 0.20%
BET-XT-TR 991.56 0.19%
BET-BK 1,591.55 0.16%
ROTX 16,573.90 0.30%

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=4.5619 lei)

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