Bucharest Stock Indices End in the Red, Purcari Wineries Leads Prime Declinations
BUCHAREST (Romania), March 31 (SeeNews) – Bucharest Stock Exchange (BVB) indices ended in the red on Thursday as Purcari Wineries [BSE:WINE] led the declines among blue chips with a drop of 3.48% to 11.1 lei.
The total turnover of BVB shares amounted to some 39.8 million lei (8.9 million dollars/8 million euros) on Thursday, compared to 45 million lei on Wednesday, according to data from the exchange. .
Banca Transilvania prime lender [BSE:TLV] share price fell 2.40% to 2.44 lei in the day’s highest turnover of 24 million lei.
First class investment fund Fondul Proprietatea [BSE:FP] traded 2.18% higher at 2.11 lei in the second highest trading turnover during the session, of 5.8 million lei.
On Thursday, state-owned hydroelectric producer Hidroelectrica said the government had approved a proposed initial public offering (IPO) of up to 19.94% stake in the Fondul Proprietatea-owned company.
Financial group Erste Bank AG [BSE:EBS] fell 2.12% to 166.4 lei in the third highest turnover of the day 1.11 million lei.
The details follow:
BET is the first index developed by BVB and represents the benchmark index for the local capital market. BET reflects the performance of the most traded companies on the BVB regulated market, excluding financial investment companies (FIS). It now includes 20 companies.
BET-TR is the first total return index launched by BVB. It is based on the structure of the BET market benchmark. BET-TR tracks changes in the price of its component stocks and is adjusted to also reflect dividends paid by constituent companies.
BET-FI is the first sector index launched by BVB and reflects the evolution of the prices of FIS and other similar entities.
BET-BK was designed to be used as a benchmark by asset managers and other institutional investors.
BET-NG is a sector index that reflects the evolution of all companies listed on the BVB regulated market included in the energy and related utilities sector. The maximum index weighting a company can hold is 30%.
BET-XT tracks the price changes of the 25 most quoted companies on the BVB regulated market, including FIS.
BET-XT-TR is the total return version of the BET-XT index, which includes the top 25 Romanian companies listed on the BVB.
ROTX is an index developed by BVB in collaboration with the Vienna Stock Exchange. It tracks, in real time, the price changes of top-notch shares traded on the Bucharest Stock Exchange.
BET AeRO is the first index for the AeRO market developed by BVB that reflects the price development of representative companies listed on the AeRO market that meet the criteria of liquidity and free-float market capitalization. It is a free-float, market capitalization-weighted index with a maximum weighting of 15% for an index constituent.
(1 euro = 4.9466 lei)
Banca Transilvania SA is one of the largest banks in SEE, for more reference take a look at the top 100 banks