SIFs end up 4.77 pct against modest stock market advance

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Shares listed on the Bucharest Stock Exchange (BVB) ended Monday’s session up 2.87 pct in average, in an evolution tracked by the BET-C composite index.

The shares of the five financial investment companies (SIFs, the evolution of which is reflected by the BET-FI index) increased 4.77 pct in average, continuing the upward trend that set in on Friday, after the Regulatory Board approved the rise of the stake cap with these companies.

Shares of 52 issuers changed hands on the main BVB market, the ‘Regular’, 38 of which scored an appreciation in quotations, four kept flat and 10 declined.

BVB trades amounted to 4.54 million euros (RON 19.12 million), whilst trades carried out on the RASDAQ over-the-counter market stood at 347,264 euros.

The BET index that reflects the evolution of the most liquid ten listed issuers climbed 3.02 percentage points, whereas the ROTX index gained 3.63 pct.

The extended blue-chip index of the top liquid 25 companies – the BET-XT – went up 3.4 pct and the sectoral energy and related utilities index BET-NG advanced 2.58 pct.

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