The Bucharest Stock Exchange’s composite index BET-C opened 0.46% higher on the day, but turned to losses after the first trading hour. At around 11:00 local time, the stocks were losing 0.22%.
The bourse’s main index BET was down 0.17%, while the energy tracker BET-NG was shedding 0.71%.
BET-FI, the index tracking the SIFs and Fondul Proprietatea decreased 0.26%, while the wider blue-chip tracker BET-XT was losing 0.24%.
Overall trading was 10.2 million lei (EUR2.4 million), of which RON1.2 million came from deals with Fondul Proprietatea’s (FP.RO) shares. The fund’s shares were up 0.44% at RON0.458.
Oltchim’s shares lost part of their early advantage and traded up 10% at RON1.353.
Investors were betting big on Amonil (AMO.RO) stock as well, after the chemical fertilizer maker announced it would change its core business into energy production.
At around 11:00 hours, Amonil was gaining 10.13% at RON0.0174 a share.