Romanian Shrs Soar In Early Trade, SIFs Strenghten

At around GMT 0730, the bourse’s composite index BET-C rose 7.58% from Friday’s closing value and the Bucharest bourse’s 10-share blue-chip index BET gained 8.01%.

The BET-FI index, which tracks the five SIFs, was up 12.94%.

BET-NG, including the companies operating in energy sector and related utilities, roe 10.07% while BET-XT, which tracks the most liquid 25 listed companies, including the SIFs, was up 8.79%.

The market’s total traded value was 3.57 million lei (EUR1= 3.7690) at around GMT 0731.

Investment fund SIF Moldova (SIF2.RO) was the top traded issuer so far Monday, with its shares up 14.71%.

Other top traded issuers on the bourse early Monday were investment funds SIF Oltenia (SIF5.RO), SIF Muntenia (SIF4.RO) SIF Transilvania (SIF3.RO), and Banca Romana pentru Dezvoltare – Groupe Societe Generale (BRD.RO).