Murgoci, Estinvest: Investors think Boc-led government will survive the no-confidence vote

Stocks at the Bucharest Stock Exchange posted strong gains today, which indicates investors expect the Boc-led government to survive the no-confidence motion.
“The strongly optimistic performance of the stocks reflect investors’ expectations that the Government will survive the motion coupled with the solid gains recorded yesterday on the U.S markets”, said Marcel Murgoci, trading director Estinvest.

The total trade value at the equity market increased today to 16.55 million lei (€3.91 million).

BET index of the ten most actively traded stocks at BSE rose 4.08% to 4,963.76 points, while composite BET-C closed up 3.57% to 2,949.07 points.

BET-FI index of the five financial investment companies traded 5.86% higher to 21,191.69 points, while Vienna’s ROTX jumped 3.63% to 10,159.81 points.

“Positive news could push BET-FI above the 24,000-points level. The market could turn lower at any moment, if the reading of macroeconomic indicators will be below estimates”, said Murgoci.

BET-XT index of the 25 most traded stocks increased 4.74% to 457.34 points, while BET-NG benchmark of ten energy companies gained 2.92% to 700.53 points.

SIF Oltenia (BSE:SIF5) have reported the biggest trade value, of 5.48 million lei, while stock prices soared 6.03% to 1.23 lei. SIF Moldova (BSE:SIF2) grew 5.91% to 0.985 lei, and posted a total trade value of 1.7 million lei.

BRD SocGen
(BSE:BRD) moved up 4.55% to 11.5 lei, while Banca Transilvania (BSE:TLV) increased by 4.79% to 1.53 lei.

In the energy sector, OMV Petrom (BSE:SNP) rose 5.34% to 0.296 lei, while Transgaz (BSE:TGN) finished up 2.16% to 220.5 lei.

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