The Bucharest Stock Exchange’s main index BET fell 3.75% on the day, to 4,482.16, while composite index BET-C dropped 3.68% to 2,737.05.
Energy and bank stocks led the decline, with OMV Petrom (SNP.RO) down 5.8%, and Transgaz down 3.5%. BRD-Groupe Societe Generale (BRD.RO) was impacted by the drop in its parent shares on the Paris stock exchange, where Societe Generale traded at one point 13% lower, and closed down 4.9%. Banca Transilvania (TLV.RO) lost 2.9% of its share value Monday.
The pther financial stocks were also hurt, with the BET-FI, the index tracking the major investment funds, declining 3.71% to 17,314.56.
Investment fund Fondul Proprietatea (FP.RO) fell 2.7% on the day, to 0.438 lei (EUR0.1), while the five regional investment funds, or SIFs, dropped 4.2% on average.
The BET Extended index, or BET-XT, dropped 3.85% on the day, while BET-NG, the index tracking energy companies, closed down 4.3%.
Trades unfolded on the Bucharest Stock Exchange amounted to RON41.41 million, with RON24 million coming from deal and main market trades in the Proprietatea fund.
Other popular stock included BVB (BVB.RO), which dipped 0.66% to RON130 and Banca Transilvania (TLV.RO), which fell 2.9% to RON1.01. (EUR1=RON4.2809)