At around 10:30 am, SIF Transilvania’s shares were trading at RON0.4725, down from RON0.63 at Tuesday close, as investors who buy stock today are no longer entitled to dividends from last year profits.
The bourse’s composite index BET-C was gaining 0.37% in early trading, while the main index BET inched down 0.08%.
The BET-BK fell 1.46%, while the BET-FI index, which tracks the five regional investment funds SIFs and Fondul Proprietatea (FP.RO), declined 3.76%.
Energy tracker BET-NG was up 1.15%, but the wider BET-XT was losing 1.38%.
Overall trading in Bucharest was 1.8 million lei (EUR0.42 million).
Top-traded issuers included lender Banca Transilvania (TLV.RO), SIF Oltenia (SIF5.RO) and pharmaceuticals company Biofarm SA (BIO.RO). (EUR1=RON4.3182)