The bourse opened on an upward trend on a positive sentiment in the international markets and stayed in green territory for most of the session. However, the sentiment changed later as investors see higher downside risks for the global economic growth, and the Bucharest-listed shares fell below the line one hour before the closing bell.
BET, the main index of the Bucharest stock exchange, fell 1.4% on the day to 5,129.9, while BET-FI, which tracks the five regional investment funds SIFs and Fondul Proprietatea (FP.RO), closed down 0.6%, at 21,072.42.
The extended blue-chip index BET-XT declined 1.2% to 475.47, while BET-NG, which tracks the energy stocks, closed at 718.86, down 1% on the day.
The bourse’s traded value was at the highest level in five months and a half, fueled by special deals with almost 2% in Proprietatea fund. The daily turnover reached 160.6 million lei (EUR38 million), mostly due to deals worth of RON122 million with Proprietatea stock. The fund was the most-traded issuer on the regular market as well, adding RON25.8 million to the traded value.
Proprietatea closed down 0.8%, at RON0.496 a share.
OMV Petrom (SNP.RO) was a distant second in the top of most-traded stocks, with transactions worth a total RON1.6 million. The oil company closed at RON0.37 a share, down 0.8% on the day.
SIF Transilvania (SIF3.RO) shares rose 0.6% to RON0.485, but SIF Moldova (SIF2.RO) fell 3.4% to RON1.14 a share. (EUR1=RON4.2236)