At around 10:30 local time, the Bucharest Stock Exchange’s composite index BET-C was down 2.84%, while the main index BET was losing 2.76%.
BET-FI, which tracks the regional investment funds SIFs and Fondul Proprietatea (FP.RO), retreated 3.18%, while the wider BET-XT was shedding 2.89%.
The energy index BET-NG was down 3.10%.
Overall trading was 4.58 million lei (a little over EUR1 million), with RON1.6 million coming from Fondul Proprietatea deals. The fund’s shares fell 2.22% at RON0.44.
Regional investment funds SIF Transilvania (SIF3.RO), SIF Oltenia (SIF5.RO) and SIF Moldova (SIF2.RO) were losing between 2.3% and 4.75% on the day, while lenders Banca Transilvania (TLV.RO) and BRD (BRD.RO) were down 1.92% and 4.01%, respectively.
The shares of Austria’s Erste Group Bank AG (EBS.RO) dropped 8.42% at RON87. In Vienna, Erste was down 6.23% at EUR20.25 a share.
The European markets opened lower by up to 3.3% Monday, with bank stocks falling sharply as investors worry the authorities might fail to reach a more permanent solution to end the debt crisis.
Asian markets were down by up to 4.1% Monday morning.