International investors fear that new governments in France and Greece won’t be as supportive of austerity measures as their predecessors.
The European markets fell as much as 2% in early session, but rebounded in late trade, while the opening on Wall Street was also marked with red.
The Bucharest market’s BET index fell 0.4% to 5,348.49, while composite index BET-C closed at 2,981.2, down 0.73% on the day.
BET-FI, which tracks Fondul Proprietatea (FP.RO) and the five regional investment funds (SIFs), closed at 23,989.54, 0.76% lower than Friday. Proprietatea dropped 0.45%, while the SIFs lost between 0.2% and 1.4%.
The extended blue-chip index was down 0.6% on the day. Energy stocks tracker BET-NG posted the largest decline among Bucharest indexes, of 1.4%, as Rompetrol Rafinare (RRC.RO) fell 6.6%.
The bourse’s overall traded value was 42 million lei (EUR9.5 million), lifted by several special deals with SIF Oltenia (SIF5.RO) and BVB (BVB.RO) stocks, worth a total RON15.6 million.
On the regular market, Fondul Proprietatea was the most traded issuer, followed by SIF Transilvania (SIF3.RO), whose shares were down 0.7%. (EUR1=RON4.4053)