Capital Economics said in a report Monday that the apparent survival of Basescu in Sunday’s referendum could throw the country deeper into political turmoil, most likely pushing the leu to new record lows against the euro.
The referendum required a voter turnout of more than 50% to be legally binding, while preliminary results show voter turnout was 46.23%.
The Bucharest bourse’s composite index BET-C dropped 0.27%, to 2,605.84, and blue chip index BET fell 0.17%, to 4,652.64.
The BET-FI index, which tracks the five regional investment funds (SIFs) and Fondul Proprietatea (FP.RO), gained 0.68% supported by all but two issuers, namely SIF Transilvania (SIF3.RO), which fell 0.42%, and SIF Crisana-Banat (SIF1.RO), down 0.1%. Proprietatea ended up 1.66%, to 0.4956 lei (EUR0.1) a share.
The extended blue-chip index BET-XT inched down 0.06%.
The Bucharest bourse’s benchmark index BET-BK added 0.23%. Erste Group Bank (EBS.RO) closed 1.55% higher, at RON68.7 (EUR15.1) a share.
Energy stocks tracker BET-NG lost 0.18%, dragged down by Rompetrol Rafinare (RRC.RO), which fell 5%. OMV Petrom (SNP.RO) gained 1.06% and Transelectrica (TEL.RO) added 2.09%, while Transgaz (TGN.RO) closed flat on the day.
The bourse’s overall traded value stood at RON13.5 million (EUR2.9 million). Share trades amounted to RON12.5 million (EUR2.7 million), of which RON5 million came from two special deals with shares of BRD-Groupe Societe Generale (BRD.RO) and Fondul Proprietatea, of RON2.55 million and RON2.45 million, respectively.
Proprietatea was top-traded issuer on the main market with share transactions worth RON3.2 million. Erste Group Bank came second with RON1.9 million. (EUR1=RON4.5558)