The Bucharest bourse’s composite index BET-C lost 23.58 points, or 0.91%, to 2,561.77 . The blue chip index BET fell 0.29%, or 13.25 points, to 4,535.68.
The BET-FI index, which tracks the five regional investment funds (SIFs) and Fondul Proprietatea, was 2.22% lower, at 20,006.37. Fondul Proprietatea closed down 5.12%, at 0.463 lei (EUR0.1) a share impacted by hydropower producer Hidroelectrica’s recent decision to file for insolvency.
Fondul Proprietatea said in a press release Monday evening that the start of insolvency proceedings at Hidroelectrica would reduce by 21% its net asset value. The fund holds 20% in the Romanian hydropower producer.
All regional investment funds closed in the red. SIF Transilvania (SIF3.RO) lost 1.8%, SIF Crisana-Banat (SIF1.RO) ended down 1.44% and SIF Moldova (SIF2.RO) fell 0.76%.
The extended blue-chip index BET-XT dropped 0.56%.
Energy stocks tracker BET-NG was down 0.28%, dragged down by Transelectrica (TEL.RO), which lost 0.56%, and by Rompetrol Rafinare (RRC.RO), which fell 0.99%
OMV Petrom (SNP.RO) closed up 0.13% to RON0.375 a share. Rompetrol Well Services (PTR.RO) closed flat at RON0.24 a share.
The bourse’s still unimpressive overall traded value stood at RON29.1 million (EUR6.5 million). Share transactions amounted to RON27.2 million (EUR6.1 million).
Fondul Proprietatea was top-traded issuer on the main market, with transactions worth RON20.2 million. It was followed by Azomures (AZO.RO) and BRD BRD-Groupe Societe Generale (BRD.RO), with share trades worth RON1.6 million and RON1.3 million, respectively. (EUR1=RON4.4626)