The Bucharest Stock Exchange’s composite index BET-C dropped 2.17% to 2,805.83, while main index BET declined 2.13% to 4,617.03.
At Bucharest closing bell, other European bourses were losing up to 5%, with the banks taking the hardest hit. US markets are closed Monday for the Labor Day holiday.
A steep decline was seen by BRD-Groupe Societe Generale (BRD.RO), whose shares fell 3.97% to 11.6 lei (EUR2.73). Another strong decline, among BET issuers, was seen by SSIF Broker (BRK.RO), whose stock declined 3.75% to RON0.154.
SIF tracker BET-FI, which also includes Fondul Proprietatea (FP.RO), fell 3.44% to 17,381.89, as the SIFs dropped 4.5% on average. Proprietatea shares fell 1.12% on the day, to RON0.4399.
Wider blue-chip index BET-XT sunk 2.66% while the index tracking energy companies, BET-NG, fell 2.26%.
Trades unfolded on the Bucharest bourse Monday amounted to RON24.65 million, with RON4.34 million coming from deal market trades in BRD and RON9.61 million coming from main market trades in the Proprietatea fund.
SIF Oltenia (SIF5.RO) was the second-top traded issuer. Its shares dropped 4% to RON0.96, on a traded value of RON2.09 million.
Other popular stock included Banca Transilvania (TLV.RO), whose shares fell 1.85% to RON1.06, and OMV Petrom (SNP.RO), which fell 1.57% to RON0.32. (EUR1=RON4.2429)