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Romanian Stocks Extend Gains in Slim Volumes

Nov 10, 2009, 6:28:31 PMArticle by Sabina Kotova
share
BUCHAREST (Romania), November 10 (SeeNews) – Romanian share indices stayed positive on Tuesday amid low volumes and hesitant trading, brokers said.

Romanian Stocks Extend Gains in Slim Volumes

The blue-chip BET index of the Bucharest Stock Exchange, BVB, rose 1.22% to 4,643.89 points. The BET-FI, which tracks the country's five regional investment funds, the SIFs, edged up 0.11% to 20,577.43 points.

The composite BET-C index added 0.88% to 2,684.88. The ROTX index of Romania's 15 most liquid stocks, a joint index of the BVB and the Vienna Stock Exchange, gained 1.0% to 9,874.14.

BVB's turnover decreased to 16.2 million lei ($5.6 million/3.8 million euro) from 17.9 million lei on Monday. The number of traded shares increased to 35.55 million from 22 million on Monday. 

Blue-chip oil and gas group OMV Petrom climbed 2.8% to 0.257 lei in the day's largest turnover of 3.4 million lei. Earlier on Tuesday, the group reported an annual 2.0% fall in its third-quarter net profit to 615 million lei. Its nine-month net profit dropped by 33% on the year to 1.54 billion lei.

Blue-chip lender Banca Transilvania added 2.0% to 2.04 lei on deals worth a total of 3.0 million lei, Tuesday’s second largest turnover. SIF 5 Oltenia closed unchanged at 1.08 lei on the regular market in the session’s third largest turnover of 1.7 million lei.

The other blue-chip lender, BRD, also ended unchanged at 13 lei in 1.3 million lei turnover. Austria’s Erste Bank shed 0.23% to 131.1 lei in deals worth a total of 1.6 million lei.

SIF 3 Transilvania rose 0.85% to 0.595 lei in turnover of 808,000 lei. SIF 2 Moldova fell 1.06% to 0.935 lei in deals worth 633,000 lei.

Blue-chip oil refinery Rompetrol Rafinare gained 1.57% to 0.0648 lei in 791,000 lei turnover. Fertiliser maker Azomures tumbled 9.09% to 0.3 lei in deals worth 375,000 lei after reporting a 97% slump in its nine-month net profit to 6.2 million lei.
 
The BET-XT index, which tracks the 25 most liquid companies on the bourse, including the SIFs, gained 0.96% to 439.57 points. The BET-NG, which includes companies from the energy sector and utilities, was up 1.54% at 591.21 points.

Rasdaq-C, the composite index of the over-the-counter market RASDAQ, fell 1.74% to 2,225.38. Turnover on the RASDAQ increased slightly to 373,000 lei from 266,500 lei on Monday.

(1 euro = 4.2983 Romanian lei)

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