Romania's financial sector closes up 1%, on general market downturn

The Bucharest Stock Exchange (BSE) ended yesterday's trading session in the red, with slight decreases on most market indexes, while the financial companies and power stocks were the only ones to end the day with climbs.

Liquidity stood at 23.17 million lei (5.5 million euros), hiked by the initial public offering of the OTP WiseRO fund.

The BET index reflecting the evolution of the ten best companies on the market slipped 0.63 percent to 3,783.04 and the BET-C composite index assessing all listed shares without financial companies lowered 0.26 percent to 2,260.69.

The BET-FI index of the five SIFs gained 1.03 percent to 17,299.09 while the ROTX index for trading blue-chips in Vienna went down 0.39 percent to 7,607.77.

The BET-XT index of the 25 most liquid companies decreased 0.26 percent to 357.05 while the BET-NG index showing the evolution of the power inched 0.11 percent to 515.60.

Lender Banca Transilvania (TLV) was the most liquid stock today, generating deals of 3.86 million lei, and cheapened 3.6 percent to 1.34 lei, after the financial director of the National Bank of Greece (NBG) Anthimos Thomopoulos denied today that institution is interested in acquiring the Romanian lender, according to the website reporter.gr.

According to the Greek press last week, NBG would be interested in taking over Banca Transilvania. The information generated intense speculations on the stock market in Bucharest and the Banca Transilvania shares surged during the sessions on July 24 and 27.

BRD SocGen (BRD) advanced 0.51 percent to 9.90 lei.

Financial company SIF Oltenia (SIF5) jumped 2.29 percent to 0.895 lei and SIF Moldova (SIF2) idled at 0.755 lei.

Drug maker Zentiva (SCD) rose 0.76 percent to 0.66 lei and oil company Petrom lost 1.61 percent to 0.245 lei.

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