February 6 (SeeNews) - The blue-chip BET index of the Bucharest Stock Exchange [BSE:BVB] dropped by 2.49% in morning trade on Tuesday following a slump on Wall Street which sparked a global sell-off the day before.
On Monday, the BET closed 1.76% lower.
In the U.S., the Dow Jones Industrial Average index plunged 4.60% to close at 24,345 points on Monday on concerns of faster inflation and higher interest rates. Selling spread to Asian and European markets on Tuesday.
The BET Plus index, which currently includes 34 regulated market-listed companies that meet minimum selection criteria of liquidity and free float, dived 2.51% in morning trade.
The BET Total Return index (BET-TR), the free float weighted index of the 13 most traded companies listed on the regulated market, dropped by 2.5%.
The BET-Plus, a free float market capitalization weighted index tracking 34 companies listed on BVB’s regulated market except the financial investment companies, slid 2.51%. The BET-FI , which tracks the SIFs and property restitution fund Fondul Proprietatea dropped by 2.78%.
As at 11:45 CET, the equity turnover on the Bucharest bourse stood at 31.6 million lei ($8.5 million/6.8 million euro). The main transactions were with shares of BRD Societe Generale [BRD] and Banca Transilvania [BSE: TLV] and natural gas producer Romgaz [BSE: SNG], according to bourse data.
(1 euro=4.5179 lei)
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