Romanian stocks nudge up 2% on rising bell in line with positive evolution on foreign markets

Romanian shares listed at the Bucharest Stock Exchange (BSE) added 2 percent after markets in the region grew underpinned by announcement of U.S. investment bank Lehman Brothers which pledged to gather 3 billion U.S. dollars to end uncertainty over financial stability.

Deals on BSE tripled from yesterday to 6.57 million lei (1.76 million euros).

The Dow Jones (DJIA) composite index rose 3.19 percent to 12,654.36 and the S&P 500 index tracking the best 500 companies listed in the U.S. climbed 3.59 percent to 1,370.18. Nasdaq grew 3.67 percent to 2,362.75.

The BET index of the ten top companies on BSE rose 2.22 percent to 7,160.90 and the BET-C composite index measuring all listed shares minus investment funds gained 1.81 percent to 5,115.03.

The BET-FI index of the five financial companies SIFs climbed 2.13 percent to 1,140.45 and the ROTX index for trading blue-chips in Vienna advanced 2.21 percent to 16,210.34.

SIF Oltenia (SIF5) generated most of the deals on the market of 1.36 million lei after a 2.06 percent increase to 2.97 lei, followed by the second lender by assets BRD SocGen (BRD) which rose 1.96 percent to 20.80 lei.

SIF Moldova (SIF2) nudged up 2.5 percent to 2.46 lei, SIF Banat-Crisana (SIF1) gained 2.37 percent to 2.59 lei, SIF Muntenia (SIF4) rose 1.83 percent to 1.67 lei and SIF Transilvania (SIF3) increased 1.96 percent to 1.56 lei.

Fifth lender by assets Banca Transilvania (TLV) rose 2.04 percent to 0.75 lei and brokerage company Broker Cluj (BRK) went up 1.92 percent to 1.59 lei.

Oil company Petrom (SNP), the largest company in Romania, added 2.15 percent reaching 0.427 lei.

Erste Bank (EBS), listed at the international tier on BSE and the majority owner of Romania’s largest lender by assets, BCR, increased 2.56 percent to 160 lei.

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