BET index at the Bucharest Stock Exchange traded up 1.7% Monday, led by Banca Transilvania shares (TLV) and helped by the optimism in the foreign stock markets after Abu Dhabi provided $10 billion bailout package to Dubai to avoid default.
BET index that gauges the performance of the ten most liquid stocks at the BSE finished up 0.78% to 4,737.37points, while the composite BET-C climbed 0.50% to 2,722.85.
BET-FI index of the five financial investment companies (BSE:SIF) closed .33% higher to 23,784.67points. BET-XT index that measures the performance of the 25 most liquid shares closed 0.54% higher to 464.62 points and BET-NG of the energy companies listed at BSE gained 0.54% to 592.59 points.
European stock markets were showing significant growth at BSE’s closing as fears over Dubai’s debt default were dispelled, following Abu Dhabi’s $10 billion aid package to Dubai World.
At the London Stock Exchange, FTSE index of leading 100 shares was inching up 1.06% to 5,318 points, while Germany’s DAX was advancing at 1.06% rate to 5,819. Paris’ CAC40 gained 0.82% to 3,835points.
Abu Dhabi emirate said it provided $10 billion support package to help Dubai World avoid defaulting on an outstanding $4.1 billion debt in Islamic bonds (sukuk).
FIC Oltenia (BSE:SIF5) has led the most traded stock chart today, with shares worth 602,310 lei changing hands, pushing prices up 2.44% to 1.26lei. FIC Moldova (BSE:FIC2) moved 2.70% higher to 1.14 lei/share, in a liquidity of only 291,110lei.
In the financial sector, Banca Transilvania (BSE: TLV) closed up 1.38% to 2.21 lei, while transactions totaled 156,825 lei.
Altur Slatina (BSE:ALT) drummed up investors’ interest today with shares worth 338,925lei changing hands, while quotes moved 0.26% lower to 0.0378lei.
Article comments "Banca Transilvania leads BSE stocks higher"
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