Earlier Friday, Proprietatea said it had sold 1.11% of Petrom’s shares, or about two thirds of the planned stake of 1.77%, for a total 246.6 million lei (EUR56.8 million). Petrom ended down 1.1%, despite staying in positive territory for most of the session, while Proprietatea fell 0.75%.
The Bucharest bourse’s BET index closed down 0.96% from Thursday closing level, while composite index BET-C declined 0.82%.
Both Transelectrica (TEL.RO) and Banca Transilvania (TLV.RO) closed down some 2%, while Transgaz shares dropped 0.9%.
Investment fund tracker BET-FI inched 0.16% lower, with Proprietatea joined in red by SIF Transilvania (SIF3.RO), with a 0.4% decrease. On the other hand, SIF Moldova (SIF2.RO) rose 1.2%, while SIF Banat-Crisana (SIF1.RO) inched up 0.1%.
Benchmark index BET-BK was down 0.4%, and BET-XT closed 0.69% lower. Energy stocks index BET-NG was down 1.18%, as its three heaviest constituents–Petrom,Transgaz and Transelectrica–were all on a negative trend.
The bourse’s overall traded value was boosted by the Petrom deal, reaching RON272.5 million (EUR62.8 million), but the regular market turnover was a relatively modest RON19.5 million, with Proprietatea and Petrom accounting for almost half of the amount. (EUR1=RON4.3395)