Romanian Shrs Open Up In Line With Intl Bourses

Romanian shares opened higher Tuesday, after two consecutive days on a downward trend, following the trend of international bourses, amid lower traded values, 55% supported by trades with shares of lender BRD and oil company Petrom.

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At around GMT 0728, the bourse's composite index BET-C was up 1.41% from Friday’ closing value and the Bucharest bourse's 10-share blue-chip index BET was up 0.68%.

The BET-FI index, which tracks the five regional investment funds, or SIFs, was up 1.56%.

BET-NG, including the companies operating in energy sector and related utilities, was down 0.06% while BET-XT, which tracks the most liquid 25 listed companies, including the SIFs, was up 1.18%.

The market’s total traded value was 3.04 million lei (EUR1= RON4.2392) at around GMT 0729.

Romania’s state-owned pharmaceutical company Antibiotice Iasi SA (ATB.RO) was the top traded issuer so far Tuesday, with its shares down 0.25%.

Other top traded issuers on the bourse early Tuesday were Romanian lender Banca Romana pentru Dezvoltare – Groupe Societe Generale (BRD.RO), oil company Petrom (SNP.RO), Banca Transilvania bank (TLV.RO), Austria's Erste Bank AG (EBS.RO).

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