March 10 (SeeNews) - Romanian stock indices ended mostly in the red on Tuesday but managed to cut losses following a sharp drop a day earlier, Bucharest Stock Exchange (BVB) data showed.
The total equity turnover of the BVB amounted to some 54.6 million lei ($13 million/11.4 million euro) on Monday, compared to 133.5 million lei on Monday, bourse data showed.
The Bucharest Stock Exchange blue-chip BET index plunged 7.53% to 8,733.96 points on Monday, mirroring sharp declines on international markets.
Lender Banca Transilvania [BSE:TLV] share price rose by 0.88% to 2.3 lei in the day's largest turnover of 15 million lei.
Natural gas producer Romgaz [BSE:SNG] price too fell 1.57% to 31.4 lei in the second largest trading turnover during the session, of 7.8 million lei.
Oil and gas group OMV Petrom [BSE:SNP] changed hands 1.23% lower to 0.3225 lei in the day's third largest turnover of 5.25 million lei.
On Tuesday, BVB's CEO Adrian Tanase said that the local bourse followed international markets in the downward trend after the first two months of the year amid increased volatility and growing uncertainties, but so far, it has shown resilience in such a context.
"I think that one of the fundamental things that Romanian investors should take into account when investing in the financial instruments issued by the Romanian companies listed on the Bucharest Stock Exchange is to have the perspective not of occasional buyers of shares or bonds, but of long-term investors in the Romanian economy. This perspective in their investment approach, coupled with a reasonable expectation horizon, may return increased positive results than emotionally conducted transactions", Adrian Tanase said.
Details follow:
BET |
8,722.11 |
-0.14% |
BET-TR |
13,960.13 |
-0.14% |
BET-BK |
1,641.67 |
0.57% |
BETPlus |
1,305.20 |
-0.11% |
BET-FI |
43,656.30 |
0.81% |
BET-NG |
630.02 |
-0.37% |
BET-XT |
795.66 |
0.18% |
BET-XT-TR |
1,282.15 |
0.18% |
ROTX |
18,137.97 |
-0.26% |
BET is the first index developed by BVB and represents the reference index for the local capital market. BET reflects the performance of the most traded companies on BVB’s regulated market, excluding financial investment companies (SIFs). It now includes 16 companies.
BET-TR is the first total return index launched by BVB. It is based on the structure of market reference index BET. BET-TR tracks the price changes of its component shares and is adjusted to also reflect the dividends paid by constituent companies.
BET Plus tracks the price changes of Romanian companies listed on BVB’s Regulated Market that meet minimum selection criteria of liquidity and free float. Financial investment companies are excluded from the index.
BET-FI is the first sector index launched by BVB and reflects the price changes of SIFs and of other assimilated entities.
BET-BK was designed to be used as a benchmark by asset managers and other institutional investors.
BET-NG is a sector index which reflects the evolution of all the companies listed on BVB’s regulated market included in the energy and related utilities sector. The maximum index weight a company can hold is 30%.
BET-XT tracks the price changes of the 25 most traded companies listed on BVB’s Regulated Market, including SIFs.
BET-XT-TR is the total return version of BET-XT index, which includes the 25 most traded Romanian companies listed at BVB.
ROTX is an index developed by BVB together with Vienna Stock Exchange. It tracks, in real-time, the price changes of the blue chip shares traded on the Bucharest Stock Exchange.
(1 euro=4.8170 lei)
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