The BETPlus closed the session at 1,016.05, down 8.42 points, or 0.82% on the day, while the BET index fell 59.47 points, or 0.86% to 6,853.19.
BET-FI, which tracks Fondul Proprietatea (FP.RO) and the five regional investment funds SIFs, edged down 0.09% to 29,757.91.
Fondul Proprietatea closed 0.23% lower at RON0.85 a share. Wednesday morning, the fund announced it has raised 212.7 million lei (EUR48.5 million) from selling its stake of 13.5% in state-run power grid operator Transelectrica (TEL.RO) via an accelerated bookbuild order ended yesterday evening.
The fund sold 9,895,212 Transelectrica ordinary shares at RON21.5 a share, 8% lower from Monday’s close price. The power company lost 1.36% today to finish the session at RON21.7.
The BET-BK finished the session at 1,237.22, or 0.39% lower on the day, while the energy stocks tracker BET-NG fell 1.1% to 682.29.
The BET-XT closed down 0.72% at 617.10.
Overall trading value in Bucharest was RON38.9 million (EUR8.8 million), down from RON46.3 million Tuesday.
Electrica (EL.RO) was top traded issuer, followed by Fondul Proprietatea, Transelectrica and Austrian Erste Group Bank AG (EBS.RO), which started to recover from a three-day decline following a profit warning issued to its shareholders.
Erste lost 21% since it said that its projected profit for 2014 would be affected by higher costs mainly stemming from additional provisions in Romania and Hungary. The bank closed 1.61% higher on the day at RON82.1 a share Wednesday. (EUR1=RON4.392)