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Nov 13, 2007 17:08 EEST
November 13 (SeeNews) - Romanian stock indices edged up on Tuesday in a slight upward correction, brokers said.
“We could say it was a correction from the recent falls. The volumes were pretty low but still higher than the average in the past days and the situation remains uncertain,” one broker told SeeNews.
The Bucharest Stock Exchange's (BVB) blue-chip BET index added 0.19% to 9,081.87 points. The composite BET-C index rose 0.21% to 6,363.06 points and the BET-FI, which tracks the country's regionally-defined investment funds, the SIFs, advanced 0.38% at 71,360.23 points. The ROTX index of Romania's nine most liquid stocks, a joint index of the Bucharest Stock Exchange (BVB) and the Vienna Stock Exchange, gained 0.3% to 20,121.24 points.
Stock turnover on the BVB rose slightly to 46.6 million lei ($19.8 million/13.5 million euro) from 45.6 million lei on Monday. The BVB's overall volume doubled to 72.4 million shares from 33.2 million on Monday.
“I think the market will be dominated by sellers as there are not many buyers. The period of falls has not ended yet. We will follow what’s going on on the foreign markets as lately they have been influencing the attitude of Romanian investors on a psychological level.”
SIF 2 Moldova was the most heavily traded stock in regular trading on the BVB on Tuesday, gaining 0.31% to 3.19 lei in turnover of 8.3 million lei. SIF 5 Oltenia added 0.76% to 3.97 lei in the second highest turnover of the day of 6.9 million lei.
SIF 4 Muntenia was the only SIF to close down on the day, losing 1.4% to 2.12 lei in 3.6 million lei turnover."I don’t think there was a special reason. Anyway, since the beginning of the year SIF 4 has been at a higher level compared to the other funds. It’s just that there were more sellers on this stock,” the broker said.
Blue-chip bank BRD advanced by 2.13% to 24 lei in the day's third largest turnover of 4.8 million lei. BRD reported on Monday a 43% rise of its nine-month net profit to 682 million lei. The other blue-chip bank, Banca Transilvania, closed unchanged at 0.83 lei in 3.1 lei of turnover.
Port operator Socep jumped 8.77% to 0.31 lei, generating 3.1 million lei turnover. “Socep had a volume higher than its usual average. There was a bigger transaction probably,” the broker added.
Rasdaq-C, the composite index of the over-the-counter market RASDAQ, went down 0.26% to 4,518.60. Turnover on the RASDAQ market halved to 11.4 million lei.
Hotel operator Capitol was the most traded stock on the RASDAQ on Tuesday, closing 9.91% lower at five lei in turnover of 4.3 million lei.
(1 euro = 3.4391 Romanian lei)
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