At around 10:30 local time (GMT0730), the Bucharest market’s BET index was down 2.1% from previous closing level. On Monday, BET dropped 4.2%, the widest decrease in nine months.
Besides Petrom, most of the other components of the index were also in negative territory, but their falls were milder than Monday.
Fondul Proprietatea (FP.RO) and Banca Transilvania were both down 1%, Azomures was losing 0.5%, while BRD-SocGen (BRD.RO) and Transelectrica (TEL.RO) traded down some 0.7%. Moreover, Transgaz (TGN.RO) was back in green, with its shares up 0.5%.
The bourse’s composite index BET-C was down 1.8%, while the extended blue-chip index BET-XT posted a similar decline.
BET-FI was down 0.96%, as the regional investment funds were generally seeing lower declines than the rest of the market. SIF Transilvania (SIF3.RO), SIF Muntenia (SIF4.RO) and SIF Oltenia (SIF5.RO) were all down 0.4%, but SIF Moldova (SIF2.RO) was losing 1.9%.
Energy stocks tracker BET-NG was down 1.45%, as Petrom’s large fall was partially offset by a 5.5% increase in Rompetrol rafinare (RRC.RO) stock.
The traded values were relatively low, at just 3 million lei (EUR0.7 million) at around 10:31. (EUR1=RON4.4373)