Investors feel the bank’s measures to support growth will only have limited effects.
A new $400 billion short-term treasuries program launched by the Fed on Wednesday was not enough to alleviate concerns and stocks worldwide took a dive.
The Bucharest Stock Exchange’s composite index BET-C dropped 2.93% on the day, to 2,662.06, while the main index BET fell 3.39% to 4,309.58.
The index tracking the main investment funds, BET-FI, dove 3.06% to 17,509.57, but its decline could have been deeper but two of the regional funds (SIFs) were suspended for general shareholder meetings. The remaining three SIFs dove 5.6% on average.
Investment fund Fondul Proprietatea (FP.RO) fell 2.46% on the day, to 0.4399 lei (EUR0.1).
Wider blue-chip tracker BET-XT dropped 3.26% to 393.43, while the index tracking energy companies, BET-NG, fell 3.84% on the day.
Trades unfolded Thursday on the Bucharest Stock Exchange amounted to RON37.98 million, with RON9.14 million coming from trades in the Proprietatea fund.
SIF Transilvania (SIF3.RO) was the second-top traded issuer. Its shares dropped 5.37% to RON0.442.
Other popular stock included BRD-Groupe Societe Generale (BRD.RO), which fell 3.27% on the day, and Transgaz (TGN.RO), which declined 4.46% on the day. (EUR1=RON4.3801)