Greece political parties could not form a coalition government over the weekend, and new elections are in sight while the country’s exit from the euro-zone seems more and more likely.
At around 11:20 local time (GMT0820), the Bucharest market’s BET index was down 2.36% from Friday closing level, while composite index was falling 1.9%.
BET-FI, the index tracking Fondul Proprietatea (FP.RO) and the regional investment funds (SIFs), was down 3%. Proprietatea traded down 2.9%, SIF Transilvania (SIF3.RO) was down 3%, while SIF Banat Crisana (SIF1.RO) was also losing 3%.
The extended blue-chip index BET-XT was down 2.44%, while energy stocks tracker BET-NG was losing 2.61%.
The bourse’s overall traded value amounted to 12.7 million lei (EUR2.9 million).
In other trades, Transelectrica (TEL.RO) was down 2.9%, OMV Petrom (SNP.RO) was losing 2%, while Banca Transilvania (TLV.RO) dropped 3.2%. (EUR1=RON4.4265)