The Bucharest market’s BET index fell 1.64% to 4,303.57, as bank stocks posted heavy losses. BRD Groupe Societe Generale (BRD.RO) closed down 4.6%, while Banca Transilvania (TLV.RO) dropped 3.2%.
Composite index BET-C ended at 2,472.39, down 0.93% on the day, the lowest point since September 2, 2009
BET-FI, which tracks Fondul Proprietatea (FP.RO) and the regional investment funds (SIFs), slided 0.32% to 19,338.25.
The extended blue-chip index BET-XT was down 1.3%, but energy stocks tracker BET-NG closed 1.5% higher. Transgaz’s 2.35% increase combined with Rompetrol Rafinare’s 5.5% advance to more than offset a 0.3% decrease of OMV Petrom (SNP.RO). Transelectrica (TEL.RO), another heavy component of the BET-NG index, closed flat on the day.
The traded values remained low, despite a promising start, as share trades amounted to just 14 million lei (EUR3.1 million), down from RON23.7 million on Friday. Fondul Proprietatea accounted for half of the turnover, with its shares closing at RON0.4799, down 0.54% on the day.
SIF Transilvania (SIF3.RO) rose 0.6%, but SIF Muntenia (SIF4.RO) was down 2.4%. (EUR1=RON4.4646)