The Bucharest stock exchange’s BET index closed down 0.48% on the day, at 5,345.88, as Proprietatea’s and Banca Transilvania’s (TLV.RO) increases could not offset declines of Petrom, Transgaz (TGN.RO) and BRD-Groupe Societe Generale (BRD.RO).
The shares of oil company OMV Petrom were the main downward influence for the BET index, as well as for composite index BET-C. Petrom shares dropped 2.35% on the day, to 0.415 lei (EUR0.095), Transgaz closed down 2% at RON249 a share, while BRD shed 1.75%, to RON10.84.
Proprietatea stocks rose 0.67% to RON0.595, while Banca Transilvania was up 1.85%, at RON1.08 a share.
The BET-C index fell 0.92% on the day, to 3,099.61, while the extended blue-chip index BET-XT dropped 0.76%.
BET-FI fell 0.72% to 25,696.79, as the five regional investment funds, or SIFs, fell 1.39% on average, cancelling Proprietatea’s rise. SIF Transilvania (SIF3.RO) fell 0.8%, SIF Muntenia (SIF4.RO) dropped 1.9%, while SIF Banat Crisana (SIF1.RO) decreased 3.2%.
Among Bucharest indexes, energy stocks tracker BET-NG posted the largest decline, as it closed down 1.52% to 704.73, triggered by decreases of Petrom and Transgaz. However, Transelectrica (TEL.RO) rose 0.6% to RON17.3 a share.
Overall trades unfolded on the stock exchange Tuesday amounted to RON60.7 million (RON13.9 million), with RON24.25 million coming from trades in the Proprietatea fund. however, just RON49.1 million were share trades, as bond transactions amounted to RON4.8 million, while deals with structured products accounted for RON6.3 million. (EUR1=RON4.3537)