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Economic

Bucharest Stocks Climb To 5-Month High On Positive Sentiment

Bucharest shares advanced 2.58% Tuesday, the highest increase in the past five months, tracking international markets amid hopes that Greece is heading toward a deal with private creditors to avoid a default.

Florentina Dragu · 31 ianuarie 2012 · 1 min de citit

The Bucharest bourse’s BET index closed up 3%, while the BET-FI, which tracks the five regional investment funds SIFs and Fondul Proprietatea (FP.RO) gained 2.78% on the day.

Fondul Proprietatea continued a 13-day rally and closed up 3.56% at RON0.5095 a share, the highest price in the last six months.

The wider BET-XT index closed 2.72% higher on the day, while the energy tracker BET-NG advanced 2.92%.

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