BUCHAREST (Romania), December 8 (SeeNews) – Bucharest stock indices ended mixed on Tuesday in an attempt to at least slightly recover from the sharp drops in the previous day, brokers said.
The bourse stock indices tumbled on Monday, a day after a run-off vote for Romanian president failed to break a months-old political impasse that has put key reforms in jeopardy and made investors wary.
"The uncertainty in the political spectrum remains but it seems that investors kind of ignored this, especially in the context of some scenarios for the formation of a new government already coming up," Prime Transaction brokerage said in a daily stock market report published on its website.
The trading mood was one of cautiousness and anticipation, the brokerage added.
The blue-chip BET index of the Bucharest Stock Exchange, BVB, added 0.25% to 4,654.22 points. The BET-FI, which tracks the country’s five regional investment funds SIFs, fell 1.24% to 23,886.17 points.
The composite BET-C index ticked 0.17% higher to 2,723.27. The ROTX index of Romania's 15 most liquid stocks, a joint index of the BVB and the Vienna Stock Exchange, edged up 0.02% to 9,793.14.
BVB's turnover tumbled to 33.2 million lei ($11.6 million/7.8 million euro), including 13.5 million lei worth of bonds, from 151.9 million lei on Monday, when 42.52 million shares of blue-chip Banca Transilvania, corresponding to a 4.01%stake, changed hands for a combined 102 million lei in five transactions. The volume of traded shares halved to 53.1 million from 106.1 million on Monday.
SIF 5 Oltenia depreciated by 1.55% to 1.27 lei in the day's largest turnover of 4.6 million lei. SIF 2 Moldova lost 1.71% to 1.15 lei on deals worth a total of 3.9 million lei, Tuesday’s second highest turnover. Blue-chip bank BRD ended unchanged at 13.3 lei in the session’s third largest turnover of 1.7 million lei.
Banca Transilvania ended 1.4% down to 2.12 lei in deals worth 1.6 million lei. Austria’s Erste closed unchanged at 120 lei in deals worth a total of 607,000 lei.
Blue-chip oil refinery Rompetrol Rafinare jumped 2.91% to 0.0566 lei in deals worth 1.7 million lei. Blue-chip oil and gas group OMV Petrom gained 1.57% to 0.258 lei in 374,000 lei turnover.
SIF 1 Banat Crisana fell 1.71% to 1.15 lei in deals worth 1.2 million lei, while SIF 3 Transilvania ended unchanged at 0.68 lei in 875,000 lei turnover.
The BET-XT index, which tracks the 25 most liquid companies on the bourse, including the SIFs, ended down 0.3% at 462.44 points. The BET-NG, which includes companies from the energy sector and utilities, advanced 1.16% to 580.35 points.
Rasdaq-C, the composite index of the over-the-counter market RASDAQ, edged up 0.36% to 2,232.88. Turnover on the RASDAQ decreased to 1.9 million lei from 3.1 million lei on Monday.
(1 euro = 4.2339 Romanian lei)
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