At around 11:00 local time, the Bucharest Stock Exchange’s composite BET-C was down 1.05% on the day, while 10-share blue-chip index BET was shedding 0.98%.
BET-FI, the index tracking the Proprietatea fund and the SIFs, was losing 1.5%, while the wider BET-XT index fell 1.04%.
The energy stock index BET-NG slid 1.1%.
Overall trading value stood at RON16.5 million (EUR4 million).
Oltchim’s shares rose 14.78% at 1.32 lei (EUR0.3196), approaching the maximum allowed daily growth of 15%. Speculators started to buy stock after German PCC raised its stake in Oltchim to over 16%, from around 12% previously.