October 18 (SeeNews) - Romanian stock indices closed mostly lower on Tuesday as turnover fell sharply, bourse data indicated.
The total equity turnover of the Bucharest Stock Exchange (BVB) slumped to 78.1 million lei ($ 19 million /17 million euro) from 701.7 million lei on Monday when turnover soared due to four block deals worth a combined 682 million lei in shares of blue-chip oil and gas group OMV Petrom [BSE: SNP].
In the block deals, Romanian investment fund Fondul Proprietatea [BSE: FP] sold a 6.4% stake in OMV Petrom. Before the sale Fondul Proprietatea owned 19% of OMV Petrom. Also on Monday, OMV Petrom said it had reached an agreement with Mazarine Energy Romania on the transfer of 19 onshore oil fields plus three workover rigs and associated crews for an undisclosed price.
In regular trading on Tuesday, OMV Petrom [BSE:SNP] gained 1.78% to 0.2290 lei in the day's largest turnover of 35.3 million lei.
Blue-chip lender Banca Transilvania [BSE: TLV] fell 2.47% to 2.37 lei in the day's second-largest turnover of 12.1 million lei.
Blue-chip power distributor and supplier Electrica [BSE:EL] lost 0.15% to 13.45 lei in the day's third-largest turnover of 8.51 million lei.
Details follow:
Index |
Closing Value |
Daily Change |
BET |
6,844.47 |
-0.34% |
BET-TR |
8,454.79 |
-0.34% |
BET-FI |
28,877.31 |
0.32% |
BETPlus |
1,019.69 |
-0.37% |
BET-NG |
558.00 |
-0.03% |
BET-XT |
619.82 |
-0.14% |
BET-XT-TR |
784.14 |
-0.14% |
BET-BK |
1,305.81 |
0.03% |
ROTX |
13,795.73 |
-0.32% |
BET Total Return index (BET-TR) is a free float weighted index of the 10 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 40 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 = 4.5113 lei)
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