SIFs Ease Gains By Closing Bell, Keep Bucharest Bourse In Green

The SIFs, skyrocketed as soon as they were back to trading on the Bucharest bourse, at around 11:50 local time (GMT0950) after the Parliament raised the maximum ownership limit in the funds to 5%, from 1%.

As such, at the closing bell, the SIFs had gained 13.55% on average. Immediately after the suspension, the SIFs were up 15%, forcing the stock exchange to raise the priceup limit to 25%, but they later eased gains as the number of sale orders increased.

Concomitantly, the number of trades rose and the SIFs finished among the top traded issuers, surpassed only by investment fund Fondul Proprietatea (FP.RO).