On Wednesday, Moody’s said it has placed more than 100 financial firms on ratings review for possible downgrade due to the euro-zone financial troubles.
Following te announcement, markets across the world were losing around 1% in Thursday morning.
At around 10:26 local time (GMT0826), the Bucharest bourse’s BET index was down 0.6% from Wednesday’s closing level, while the general index BET-C was down 0.7%.
BET-FI, which tracks the main investment funds, was losing 1.3% as the five regional investment funds (SIFs) were posting steeper declines. SIF Transilvania (SIF3.RO) was down 1.8%, SIF Oltenia (SIF5.RO) was down 1.4%, while SIF Moldova (SIF2.RO) was losing 2%. Fondul Proprietatea (FP.RO) was down 0.6%.
The extended blue-chip index BET-XT was down 0.9%. BET-NG, the energy stocks tracker, was losing 1.5%, as OMV Petrom was down 1.%%, while Rompetrol Rafinare was falling 3.4%.
The traded values were generally reduced, with the bourse’s overall turnover a little above 4 million lei (EUR0.9 million) at 10:26 hours.