SIFs Suspended From Trading In Bucharest, Interest Stays Low
The Bucharest bourse opened Thursday with a minor increase, on very low traded volumes, as the backbone of local trading, the five regional investment funds, or SIFs, are suspended from trading.
The SIFs were suspended Thursday from trading as Romanian lawmakers are expected to debate the maximum ownership limit.
At the moment, investors are not allowed to hold stakes higher than 1% in any of the SIFs, but dragged-out Parliament debates and an eagerly anticipated decision should raise the cap to 5%.
At around 10:31 local time (GMT0831), the stock exchange’s indexes were seeing a mainly upward evolution, except for composite index BET-C, which was dipping 0.13% and energy companies tracker BET-NG, which was down 0.67% on the day.
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