Transgaz shares closed down 11.34% at RON216.5 after going ex-dividend, meaning investors who bought the stock Thursday weren’t entitled to its RON29.76 a share dividend.

Fondul Proprietatea lost 7.03% on the day to RON0.516 a share in ex-date.

The Bucharest bourse BET index fell 3.62%, while the BET-FI index, which tracks the five regional investment funds SIFs and Fondul Proprietatea, declined 2.17%.

The wider BET-XT index closed down 2.49%, while energy tracker BET-NG retreated 3.68%.

Overall trading in Bucharest was RON62.5 million (EUR14.1 million), almost double from RON38.4 million Wednesday.

Top-traded issuers included investment funds SIF Transilvania (SIF3.RO) and SIF Oltenia (SIF5.RO), power grid operator Transelectrica (TEL.RO) and lender Banca Transilvania (TLV.RO). (EUR1=RON4.4165)