European stocks were mostly lower, as the lack of a deal on restructuring Greece’s debt made investors nervous. Wall Street also opened in red, with the Dow Jones Industrial Average losing around 0.8%.
The Bucharest bourse’s BET index closed down 0.5% from Friday’s closing level, while the composite index BET-C shed 0.8% of its value.
BET-FI fell 0.7%, as Fondul Proprietatea’s minor increase could not offset the SIFs’ (regional investment funds) fall.
Fondul Proprietatea ended up 0.3% at 0.492 lei (EUR0.11) a share, after touching a six-month high of RON0.499/share in early trade.
The bourse’s overall traded value stood at RON35.8 million (EUR8.2 million), down from RON43.5 million Friday.
The extended blue-chip index BET-XT fell 0.6%, while energy stocks tracker BET-NG closed down 1.1% on the day.
The session was dominated by trades with financial shares with OMV Petrom (SNP.RO) and Azomures (AZO.RO) being the only non-financial stocks in the top ten traded issuers. Petrom closed down 0.9%, while Azomures inched up 0.3%.
SIF Moldova (SIF2.RO) closed down 1.6% on the day, SIF Transilvania (SIF3.RO) shed 0.8%, and Erste Group Bank (EBS.RO) fell 3.7%. SIF Banat-Crisana (SIF1.RO) was the only SIF ending in green territory, with its shares up a mere 0.05%, while Banca Transilvania stocks gained 2%. (EUR1=RON4.334)