Political uncertainty in Romania is holding investors back, while EU officials have expressed their concern about the risks political instability might pose.
Prime Minister Victor Ponta will leave for Brussels Wednesday for talks with European Parliament President Martin Schulz on the current political situation in Romania. On Thursday, the Romanian prime minister will meet with European Council head Herman van Rompuy and European Commission President Jose Manuel Barroso.
The Bucharest bourse’s composite index BET-C and blue chip index BET both fell 0.12%.
The BET-FI index, which tracks the five regional investment funds (SIFs) and Fondul Proprietatea (FP.RO), closed down 0.39%, with only Proprietatea and SIF Muntenia (SIF4.RO) posting increases, of 0.21% and 1.15%, respectively.
The extended blue-chip index BET-XT lost 0.24%. The Bucharest bourse’s benchmark index BET-BK dropped 0.3%. Erste Group Bank (EBS.RO) fell 0.45%.
Energy stocks tracker BET-NG lost 0.34%, dragged down by OMV Petrom (SNP.RO) (-0.13%), Transgaz (TGN.RO) (-0.67%) and Transelectrica (TEL.RO) (-1.12%). Rompetrol Rafinare (RRC.RO) was absent from trading.
The bourse’s overall traded value stood at RON9.2 million (EUR2.05 million), down from RON21.8 million (EUR4.8 million) on the previous day. Share trades amounted to RON7.7 million (EUR1.7 million), and trades with structural products contributed RON1.5 million (EUR339,193 million).
Proprietatea was top-traded issuer on the main market, with share transactions worth RON5.1 million. (EUR1=RON4.5273)