Brokers said the past days’ corrections came on a negative sentiment regarding the euro-zone debt issues, but also on profit taking following the rally in the first two months of the year.
The Bucharest stock exchange’s main index BET fell 1.51% on the day, to 5,264.93, while composite index BET-C dropped 1.55%. Both indexes were dragged down by the 2.5% decline of Proprietatea and the 3.3% decrease in Petrom stock, as both companies are among the heaviest issuers included in the trackers.
BET-FI, the index tracking Proprietatea and the five regional investment funds, or SIFs, closed down 1.33% to 25,356.22. The SIFs dropped 0.95% on average, with only SIF Oltenia (SIF5.RO) ending in green (+0.85%).
SIF Transilvania (SIF3.RO) was down just 0.07%, but SIF Banat Crisana (SIF1.RO) lost a hefty 3.1%.
The BET Extended index, or BET-XT, fell 1.34% on the day, while the index tracking energy companies, BET-NG, closed down 0.96%.
Transelectrica (TEL.RO) shares dropped 0.86% and Transgaz (TGN.RO) was down 2%, but Rompetrol Rafinare (RRC.RO) rose 3.4%. Banca Transilvania (TLV.RO) also closed in positive territory, with its shares up 0.18%.
Trades unfolded Wednesday on the stock exchange amounted to 50.27 million lei (EUR11.5 million), with RON24.44 million coming from Fondul Proprietatea transactions. (EUR1=RON4.3558)