Romania’s government was overthrown in a no-confidence vote in parliament earlier Friday. The motion passed 235 to 9 and President Traian Basescu is expected to designate a new prime minister following consultations with the parties.
The bourse took a minor dive after the vote results were announced, and the major indexes were down some 0.8%, but recouped part of the loss towards the end of the session.
The Bucharest market’s BET index closed down 0.35% on the day, while the general index BET-C fell 0.26%.
BET-FI lost 0.5%, mainly due to a 3.8% drop of SIF Muntenia (SIF4.RO). Proprietatea closed down 0.4%, but SIF Transilvania rose 1.4%.
The other investment fund available for trade, SIF Moldova (SIF2.RO), closed down 0.8%. SIF Banat-Crisana (SIF1.RO) and SIF Oltenia (SIF5.RO) are suspended from trading.
The bourse’s overall traded value was 29.1 million lei (EUR6.6 million), as almost half of the listed companies were suspended either for holding shareholders meetings or for announcing the decisions taken at those meetings. Deals with Proprietatea and SIF Transilvania more than two thirds of the total figure. (EUR1=RON4.3747)