Bucharest Stock Exchange reported trade rises as US bailout hopes were revived, together with sharp growths of European indices. Financial investment companies sector, gauged by BET-FI indice managed a major climb compared to the rest of the indices on possible FIC% shares buy-back announcement.
“Bucharest Stock Exchange had the same evolution as international stock markets, except FICs that climbed on shares buy-back hopes for FIC5,” Cristian Negoita, Asset Manager at Confident Invest stated for Wall-Street.
Liquidity of the regulated market of Bucharest Stock Exchange dropped slightly, down to 21.03 million lei, from previous 22.76 million lei flow.
BET indice that assesses the evolution of ten most liquid companies at BSE rose 0.59%, and composite BET-C climbed 0.43. BET-FI indice of five financial investment companies gained 3.89% in the context of major trade rises of FIC5 – Oltenia, of 6.62%.
Performance of the 25 most liquid companies listed at BSE gauged by BET-XT indice rose 1.66% while BET-NG of ten companies in energy field increased by 0.46%.
At the end of the trading session at BSE, indices of the biggest European stock markets registered mild growths. Thus, London trading indice FTSE rose 0.83%, up to 5,000 points, German DAX gained 0.25% up to 5,820 points, while French CAC40 went up 0.45% up to 4,072 points.
Possible FIC5 share redemption lifted financial sector
FIC5-Oltenia board proposes to its shareholders redemption of 10% of own stocks, in purpose of stabilizing trade quotations, at one-year price between 1.36 lei and 2.50 lei. Therefore, FIC5 drew the market’s biggest liquidity of 4.46 million, the price climbing 6.62% up to 1.45lei/unit.
FIC1 - Banat-Crisana shares went up by 1,57%, to 1,29 lei, on 1.46 million trades, while FIC2-Moldova slid 3.20% down to 1.29 lei, on 2.45 million wo
