The Bucharest Stock Exchange had a strong start to the year,posting increases of 12.5% of the BET index tracking the top tenlisted companies and of 22% of the BET-FI index monitoring thetrend of financial investment companies, including FP shares in thefirst quarter.
Out of the 76 stocks listed on the Bourse, four registeredgrowth of above 50%, 25 posted increases of between 10% and 50%,and another 14 gained 0.1% to 10%. The rest of 34 companies endedthe first quarter down. Among liquid stocks, the biggest gains wereoffered by SIF Oltenia (SIF5), with a 33% increase, followed by SIFMuntenia (SIF4), with 32%.
FP shares, the most liquid on the Bourse, however, lost 5.7%against the closing price of the first trading day. Still, FP stocktransactions reached 1.4bn lei, driving the traded value in thefirst quarter to 3.15bn lei, 3.8 times above the fourth quarter,2010 level, 821m lei. In the first quarter of 2010, Boursetransactions had come to 1.75bn lei.
The capitalisation of BSE companies climbed by almost 5bn eurosin the first quarter, to 28.7bn euros, with 2bn euros as FPcontribution.
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