Bucharest Stocks Close Up, But SIFs Plunge
The Bucharest bourse closed Tuesday with a modest increase, on low traded values, but the five regional investment funds, or SIFs, dropped 3.5% on average after the Chmaber of Deputies postponed once again debates on the minimum ownership limit.
The stock exchange’s composite index BET-C gained 0.35% on the day, to 2,558.59, while the main index BET rose 0.47% to 4,191.86.
BET-FI, the index tracking the SIFs and investment fund Fondul Proprietatea (FP.RO), dove 2.06% on the day, to 18,029.53. The evolution of the index was somewhat helped by the Proprietatea shares, which rose 1.9% on the day.
The BET Extended index, or BET-XT, dropped 0.64% on the day, to 388.27, while the index tracking energy companies, BET-NG, declined 0.61%.
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