Yields at Spain’s debt sale rose to nearly the highest levels since the beginning of the euro-zone, while a pre-election poll in Greece showed that a party that is against austerity measures is more likely to win.
Following the bad news, stocks across Europe fell Wednesday and the US markets also opened deeply in red.
The Bucharest market’s BET index fell 1%, while the composite index BET-C closed down 1.2% on the day.
BET-FI, which tracks Fondul Proprietatea (FP.RO) and the regional investment funds (SIFs), closed down 0.56%, while the extended blue-chip index BET-XT dropped 0.94%.
Energy stocks tracker BET rose, however, by a mere 0.07%, supported by OMV Petrom (SNP.RO) and Transgaz (TGN.RO). Petrom rose 0.4%, while Transgaz closed up 1%.
The bourse’s traded value remained low Wednesday, as well, continuing the lackluster evolution in the past sessions. Share trades amounted to 7.7 million lei (EUR1.7 million), down 36% on the day. The total turnover benefited from some action on the structured products market, reaching RON12.2 million (EUR2.7 million).
As usual, Fondul Proprietatea was the most traded issuer. Its shares fell 0.88% to RON0.487, on a total traded value of RON2.3 million. SIF transilvania (SIF3.RO) closed down 0.1%, while Transelectrica fell 1.2%. (EUR1=RON4.4616)