The Bucharest market’s BET index was down 0.83% from Tuesday closing level, while composite index BET-C was losing a similar amount.
BRD (BRD.RO) and Transelectrica (TEL.RO) were leading the declines among the blue-chips, losing 1.2% and 1.4% respectively. Banca Transilvania (TLV.RO) and OMV Petrom (SNP.RO) were both down 0.9%.
BET-FI, which tracks Fondul Proprietatea (FP.RO) and the five regional investment funds (SIFs), fell 1.51%. Proprietatea posted a milder decrease, of just 0.4%, but SIF Banat-Crisana (SIF1.RO) and SIF Transilvania (SIF3.RO) each dropped 2.36%, while both SIF Muntenia (SIF4.RO) and SIF Moldova (SIF2.RO) closed 2.2% lower.
Bucharest benchmark index lost 1.05%, and energy stocks tracker BET-NG closed down 1.01%.
Traded values stayed low, reflecting investors’ lack of confidence. The share transfers reached 15.5 million lei (EUR3.5 million), down 7% on the day, with more than half coming from trades with Fondul Proprietatea stock. (EUR1=RON4.4291)