Romania's stock market slips on closing, liquidity is supported by bond trading

Publish date: 14-07-2009
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The Bucharest Stock Exchange (BSE) ended the first session of the week with a drop of up to 0.90 percent, while liquidity remained low as brokers deem the cash shortage on the market is normal.

Deals today totaled 11.42 million lei (2.7 million euros) and half of them was represented by transactions with bonds issued by the International Bank for Reconstruction and Development (IBRD).

"Today's evolution is in line with the past sessions, with low liquidities on most stocks," declared for NewsIn Darie Moldovan, deputy general director of Broker Cluj, adding that there is a shortage of sellers on the market, as those who acquired stocks at historic prices are not willing to give them up.

The BET index of the ten best companies on the market slipped 0.78 percent to 3,315.59 and the BET-C composite index assessing all listed shares without financial companies lowered 0.91 percent to 2,035.51.

The BET-FI index of the five SIFs eased 0.09 percent to 15,635.21 and the ROTX index for trading blue-chips in Vienna went down 0.22 percent to 6,580.18.

The BET-XT index of the 25 most liquid stocks lost 0.62 percent to 315.38 and the BET-NG index reflecting the evolution of the power market slipped 0.04 percent to 485.12.

Financial company SIF Oltenia (SIF5) was the most liquid stock today, generating deals of 976,500 lei, and cheapened 0.63 percent to 0.79 lei. SIF Moldova (SIF2) advanced 0.74 percent to 0.68 lei.

Lender Banca Transilvania (TLV) lost 1.85 percent to 1.06 lei and BRD SocGen (BRD) declined 0.62 percent to 8.05 lei.

Gas operator Transgaz Medias (TGN) gained 0.69 percent to 145 lei and Petrom (SNP) depreciated 1.3 percent to 0.227 lei.

NewsIn

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