Details on Romania's deal with the International Monetary Fund (IMF) brought back confidence on the Bucharest Stock Exchange (BSE), where the index of the ten most liquid companies hiked 3.6 percent and the financial sector advanced 3.15 percent, despite a weak evolution on external markets.
Liquidity surged 74.1 percent to 29.64 million lei (6.92 million euros) from 17.03 million lei in the previous session.
“The
deal with the IMF raised investors' trust, especially following the
statement of the central lender governor on the loan,” declared for
NewsIn Marcel Murgoci, trading director at brokerage house Estinvest.
Romania
will receive about 11.8 billion euros this year following the accord
with the IMF and other lenders, and is mulling a gradual slight cut of
the minimum mandatory reserves, the highest in the European Union,
central bank's (BNR) governor Mugur Isarescu said.
He
explained the loans granted by the European Investment Bank (EIB) were
not included in the external financing package as the lender did not
set the amounts according to the agreement with IMF. The country will
secure a 19.95 billion euro loan from the IMF, European Commission,
World Bank and EBRD.
The
BET index of the ten best companies on the market grew 3.58 percent to
2,516.73 and the BET-C composite index assessing all listed shares
without financial companies hiked 3.83 percent to 1,616.64.
The
BET-FI index of the five financial companies or SIFs added 3.15 percent
to 11,471.71 and the ROTX index for trading blue chips in Vienna gained
5.12 percent to 5,176.70.
The
BET-XT index of the 25 most liquid stocks climbed 3.68 percent to
238.49 and the BET-NG index of the ten power companies on the capital
market inched 0.90 percent to 364.75.
Stock
markets in Europe were mixed at closing hour in Bucharest, as the
utilities and oil sector dropped and offset the positive evolution on
the mining sector.
The
FTSE index in London decreased 0.29 percent to 3.889.01 while the DAX
index in Frankfurt climbed 0.11 percent to 4,228.04. The CAC40 index in
Paris lost 1.07 percent to 2,863.06.
Second
Romanian lender by assets BRD SocGen (BRD) was the most liquid stock
today and generated deals of 8.29 million lei, soaring 9.68 percent to
6.80 lei.
Oil
company Petrom (SNP) appreciated 0.65 percent to 0.154 lei and lender
Banca Transilvania (TLV) rose 4.68 percent to 0.895 lei.
Financial
company SIF Moldova (SIF2) gained 3.86 percent to 0.457 lei, SIF
Oltenia (SIF5) added 6 percent to 0.53 lei, SIF Banat-Crisana (SIF1)
nudged up 3.03 percent to 0.51 lei, SIF Transilvania (SIF3) climbed
3.32 percent to 0.311 lei and SIF Muntenia (SIF4) went up 0.6 percent
to 0.50 lei.
Fertilizer maker Azomures (AZO) jumped 14.84 percent to 0.209 lei and Erste Bank (EBS) surged 7.45 percent to 64.90 lei.
