BUCHAREST (Romania), September 3 (SeeNews) – Three out of the four indices of the Romanian stock market fell on Monday in thin trading volumes, brokers said.
The Bucharest Stock exchange (BVB) blue-chip BET index fell 0.87% to 10,173.68 points, while the composite BET-C index lost 0.61% to 6,974.66 points. The ROTX index of Romania's nine most liquid stocks, a joint index of the BVB and the Vienna Stock exchange, lost 1.05% to 22,467.90 points.
The BET-FI index, which only tracks Romania's five regionally-defined investment funds, the SIFs, was the only index to close higher. It added 0.66% to 85,066.48 points.
BVB’s turnover fell to 22 million lei ($9.2 million/6.7 million euro) from 32.3 million lei on Friday.
"The market looks so lifeless. We can definitely feel the absence of Rompetrol Rafinare, which stirred the trading last week. There’s some apathy which seems to be prevailing on the foreign markets, too," one broker told SeeNews.
“It could be the start of an accumulation period, characterized by small price changes and a relatively low liquidity, but if this is the case, the period should last at least a month,” the broker said.
The BVB suspended trading in Rompetrol Rafinare's shares on Monday morning for an ordinary and extraordinary general meeting of its shareholders. The company did not specify when it will hold the meetings.
Rompetrol Rafinare began rising a week ago when Kazakhstan's state-owned company KazMunayGas said it has signed a deal to buy 75% of The Rompetrol Group N.V. from Swiss-registered Rompetrol Holding for an undisclosed sum. Rompetrol Rafinare is the biggest asset of Dutch-registered Rompetrol Group (www.rompetrol.com). Its shares rose by more than 40% in the first three days of the last week, reaching to 0.141 lei, and then some profit taking took place, bringing the price down to 0.124 lei.
Blue-chip brokerage SSIF broker was the most traded stock in regular trading, closing up 3.1% at 2.99 lei in turnover of 4.4 million lei. The company plans to raise its capital by issuing maximum 24 million new shares with a face value of 0.5 lei and a selling price of 0.75 lei. Some 20.8% of the shares will be offered to the brokerage’s employees at a price of 0.76 lei. company shareholders are to vote on the proposed capital hike on October 25.
Currently SSIF broker is carrying out a capital hike, which will result into a new share capital of 95 million lei.
SIF 5 Oltenia came second in terms of turnover, ending unchanged at 4.58 lei in turnover of 2.4 million lei.
Shares in blue-chip bank BRD dropped 2.08% to a close of 28.30 lei in the third largest turnover of 2.2 million lei, plus three block deals worth a combined 3.1 million lei. The other blue-chip bank, Banca Transilvania, closed unchanged at 0.91 lei in 1.4 million lei turnover.
The Rasdaq-C, the composite index of the RASDAQ over-the-counter market, added 0.82% to 5,445.28 points. Turnover on the RASDAQ rose to 17.8 million lei from 15.5 million on Friday.
Romanian construction firm Cominco was the most traded stock on the RASDAQ. It jumped 20.21% to 110.00 lei in a turnover of 3.65 million lei.
Some five million shares of oil and gas drilling and construction company Dafora, changed hands in a block deal at 0.595 lei per share, putting the total value of the deal at 2.97 million lei, data from RASDAQ showed. Dafora shares ended the trading at 0.595 lei, down 2.46%.
(1 euro = 3.2626 Romanian lei)
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