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Economic

Bucharest Stocks Continue Upward Trend, SIFs Push Higher

The Bucharest-listed shares continued Wednesday their upward trend from the previous session, following the international markets' evolution, and the five regional investment funds (SIFs) were accelerating in early trade.

Bogdan Neagu · 1 februarie 2012 · 1 min de citit

At around 10:29 local time (GMT0829), the Bucharest bourse’s BET index was up 0.9% from Tuesday’s closing level, while the composite index BET-C was up 1.4%.

BET-FI, which tracks Fondul Proprietatea (FP.RO) and the SIFs, was up 1.9%, lifted mainly by SIF Moldova (SIF2.RO), whose shares were up 3%, while SIF Transilvania (SIF3.RO) and SIF Banat-Crisana (SIF1.RO) traded up 2.3% and 2.5%, respectively.

The extended blue-chip index BET-XT was up 1.2%, but the main performer was energy stocks tracker BET-NG, which was gaining 3.2%. Rompetrol Rafinare’s (RRC.RO) 9% surge was the main driver of BET-NG’s increase.

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