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.
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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