The BET-C composite index closed down 9.51 points, of 0.34% at 2822.37, while the BET index dropped 20.84 points to 5261.77.

The BET-FI index, which tracks investment fund Fondul Proprietatea (FP.RO) and the five regional investment funds (SIFs), fell 114.57 points, or 0.47% at 24387.51.

Fondul Proprietatea reversed yesterday’s gains and closed down 1.67% at RON0.6195 a share after investor optimism following news that power producer Hidroelectrica would exit an insolvency procedure has faded. The fund holds 20% of Hidroelectrica’s shares.

The BET-BK inched down 0.99 points, or 0.1%, at 1029.76, but energy tracker BET-NG rose 1.63 points, or 0.26%, to 619.68.

The BET-XT fell 1.39 points, or 0.29% to close at 482.5.

Overall trading was RON17.82 million, down from RON24.66 million in the previous session. Total trade value in June reached RON417.3 million, the lowest level in four months.