The Romanian economy contracted 0.5% in the third quarter after recording a modest growth a quarter earlier, a flash estimate of the country’s statistics institute INS showed Thursday.
The stock market’s BET index closed down 0.85% from Wednesday’s closing level, while composite index BET-C fell 0.41%.
The Bucharest bourse’s overall traded value stood at 17.3 million lei (EUR3.8 million), with share transactions contributing RON14.64 million (EUR3.22 million). Transactions with SIF Transilvania (SIF3.RO) and SIF Banat Crisana (SIF3.RO) amounted to RON2.75 million and RON2.61 million, respectively. SIF Oltenia (SIF5.RO) accounted for RON1.8 million and trades with Fondul Proprietatea’s (FP.RO) shares amounted to RON1.47 million.
BET-FI, which tracks the main investment funds, dropped 1.02%. Fondul Proprietatea traded down 1.3% at RON0.53 a share. SIF Transilvania was down 1.67%, but SIF Banat Crisana was flat on the day.
The benchmark index BET-BK was down 0.82%, while BET-XT closed 0.88% lower on the day.
Energy stocks tracker BET-NG dropped 0.34%, dragged down by Dafora’s (DAFR.RO) 7.2% decrease, and Condmag’s (COMI.RO) 6.9% fall. Transgaz (TGN.RO) ended down 2.4%, but OMV Petrom (SNP.RO) was up 0.51% on the day. (EUR1=RON4.5379)