The BET-FI index, which tracks Romania’s five regionally-defined investment funds, the SIFs, lost 2.43% to 15,771.32 points. The blue-chip BET index of the Bucharest Stock Exchange, BVB, fell 2.63% to 3,369.23.
The composite BET-C index declined 1.94% to 2,554.68. The ROTX index of Romania's 15 most liquid stocks, a joint index of the BVB and the Vienna Stock Exchange, was down 1.74% to 7,717.03.
"I think that a big investor or an investment fund is trying to exit his position on the market as many stakes in many different companies changed hands during the day,” one broker told SeeNews. “Probably they let the market gain some ground in the morning and then started to sell.”
BVB’s turnover rose to 20.9 million lei ($7.6 million/5.7 million euro) from 14.9 million lei on Monday. The number of shares traded on Monday increased to 59 million from 36.1 million a day earlier.
Blue-chip oil and gas group Petrom lost 2.44% to 0.2 lei in the day’s highest turnover of 5.4 million lei. SIF 5 Oltenia dropped by 4.43% to 0.755 lei in the day's second largest turnover of 2.7 million lei. Blue-chip bank BRD declined by 3.89% to 8.65 lei in the day's third highest turnover of 2.3 million lei.
SIF 2 Moldova dropped by 4.35% to 0.66 lei on 1.5 million lei turnover, while SIF 1 Banat Crisana depreciated by 3.55% to 0.68 lei on 731,000 lei turnover.
Blue-chip power grid operator Transelectrica slumped by 6.76% to 13.8 lei in a turnover of 624,000 lei, and drug maker Sicomed shed 1.28% to 0.385 lei on deals worth 977,000 lei.
Austria’s Erste Bank, the first foreign stock traded on the BVB, edged up 0.5% to 81.0 lei on deals worth a total of 403,000 lei. Banca Carpatica closed unchanged at 0.2 lei on 637,000 lei turnover.
The BET-XT index, which tracks the 25 most liquid blue-chip companies, including the SIFs, ended 2.32% lower at 327.54 points. The BET-NG, which includes companies from the energy sector and utilities, dropped 2.91% to 446.25.
Rasdaq-C, the composite index of the RASDAQ over-the-counter market, edged up 0.14% to 2,664.95. Turnover on RASDAQ jumped to 32.5 million lei from 2.3 million on Monday, boosted by a deal with 70% of agricultural services provider Agrinatura worth 30.6 million lei.
(1 euro = 3.6355 Romanian lei)
