Romania’s ruling Social Liberal Union (USL) broke up after the liberals voted Tuesday evening to withdraw their ministers from the cabinet. The rupture comes after months of political bickering between the liberals and the leftist social democrats.
At around 11:35 local time (GMT0935), the local bourse’s BET index was down 0.91% from Tuesday closing level, while composite index BET-C was losing 0.90%.
BET-FI, which tracks the main investment funds, was losing 1.31% on the day, dragged down by Fondul Proprietatea (FP.RO), which fell 0.91% at RON0.8125 a share, and the five SIFs, which saw declines between 0.51% and 2.89%, respectively.
Bucharest benchmark index BET-BK was down 0.91% and BET-XT decreased 0.99%.
Energy stocks tracker BET-NG declined 1.05%, with OMV Petrom (SNP.RO) losing 2.32% and Transgaz (TGN.RO) falling 0.68%.
Trading values were low, reaching 4.5 million lei (EUR1 million). (EUR1=RON4.5173)