S&P Monday placed 15 countries in the euro area under negative watch and said their ratings could be lowered following this weekend’s European summit, where leaders are expected to announce new measures to fight the sovereign debt crisis.
At around 10:40 hours, Bucharest bourse’s composite index BET-C was down 0.6%, while the main index BET was losing 0.51%.
BET-FI index, which tracks the SIFs and investment fund Fondul Proprietatea (FP.RO), was down 0.81%, while the wider BET-XT declined 0.63%.
The energy index BET-NG was losing 0.74%.
Overall trading in Bucharest was RON2.27 million (EUR0.52 million), with RON0.28 million coming from deals with Fondul Proprietatea stock. The fund’s shares declined 0.47% at RON0.425.
Other popular issuers Tuesday morning included home appliance maker Electroarges SA (ELGS.RO), which gained 14.69% at RON0.4738 a share.