French President Nicolas Sarkozy and the German Chancellor Angela Merkel met Tuesday to discuss the European debt problems, but they showed no support for items such as introduction of common euro-zone bonds and the expansion of the bailout fund, as some investors expected.
Bourses were also hit by a proposal to tax financial transactions, and the major European indexes were down by some 1% in early trade.
The Bucharest market followed the trend, and, at around 10:36 local time (GMT0736), the BET index was down 0.96%. The general index BET-C was losing 0.5%.
BET-FI, which tracks the major investment funds, was losing 0.9%, while the extended blue-chip index was down 0.9% as well. Energy stock tracker BET-NG was down 0.24%.
However, the interest for trading was extremely low, with the bourse’s total traded value lower than 1 million lei (EUR0.23 million) at 10:36 hours.
As usual, Fondul Proprietatea (FP.RO), the regional investment funds (SIFs) and the other financial stocks were leading the most-traded ranking. (EUR1=RON4.2706)