At around 10:30 local time, the Bucharest Stock Exchange’s composite index BET-C was down 1.05%, while the main index BET was losing 0.96%.
BET-FI index, which tracks the regional investment funds SIFs and Fondul Proprietatea, retreated 4.42%, while the wider BET-XT was shedding 2.4%. The energy index BET-NG was down 1.15%.
Fondul Proprietatea dropped 1.41% on the day to 0.425 lei (EUR0.098) a share, the weakest rating since January 25. On Monday, the fund said it has depleted its budget for a buyback program aimed to keep the shares from declining too much.
International markets were losing up to 2.1% Tuesday morning, after Greece announced it wouldn’t be able to lower its budget deficit to the levels agreed with its financiers, sending investors back into sell-offs.
Overall trading in Bucharest was RON6.12 million (EUR1.4 million), with RON1.38 million coming from Fondul Proprietatea deals.
Regional investment fund SIF Oltenia (SIF5.RO) was the second most traded issuer, with total deals worth RON1.13 million, followed by lender Banca Transilvania (TLV.RO) with RON0.88 million. (EUR1=RON4.3222)