Leaders of the most industrialized countries (G7) and the European Central Bank moved to clam down markets, pledging actions to stabilize the economy.
Thus, after opening down around 4%, the Bucharest bourse partially recouped, and the general index BET-C was down 2% at around 10:57 local time (GMT0757).
The main index BET was posting a similar decline, while BET-FI, the index that tracks Fondul Proprietatea (FP.RO) and the regional investment funds SIFs, was losing 2.3%.
The extended blue-chip index BET-XT was down 2.2%, while energy stocks tracker BET-NG was falling 1.5%.
The bourse’s overall traded value stood at 11.6 million lei (EUR2.7 million), higher than the average for this period.
Fondul Proprietatea was the most traded issuer with its shares down 1%, at RON0.4705, after previously trading at RON0.4611, the lowest level since the fund’s listing in January.
The SIFs, Banca Transilvania (TLV.RO) and the market operator (BVB.RO) were among the most sought after stocks. (EUR1=RON4.2419)