Electrica shares under listing price of RON 11


Electrica shares went down under the listing price of RON 11 on Thursday for the first time since their debut on the stock exchange which occurred on July 4, on a downwards market, with transactions covered more than 50 per cent by trading the titles of the power supplier, reports Mediafax. At 13:56, the first transaction under this threshold was reported, for RON 10.99 and the minimum quotation displayed in the stock exchange system is RON 10.98. The quotations rapidly recovered to RON 11 per share. At 13:56, 9 transactions were made for RON 10.99 and the price recovered to the listing price by 2 pm. Later, at 14:04, the sale orders brought the Electrica shares price to RON 10.98 and the quotations reached 10.95 at 14:43. Most of the liquid shares display decreases at mid-session. The investors traded shares in amount of RON 35.4 million (EUR 8 million), an amount that is close to the average of the late period. Liquidity was supported by deal transactions with Transelectrica shares (RON 1.68 million) and BRD (RON 1.05 million). The West-European stock exchanges are on a downward slope for the fifth consecutive session, dragged down by the banks’ shares, which declined on Thursday at the lowest point of this year.