The five financial investment companies fell sharply today, posting 6.5% decline at closing, and wiped out all the gains made at the beginning of the year.
“The declines have been driven by a number of factors: yesterday’s marked depreciation of U.S. stocks, even though it might have been the result of a trader error, Greece’s debt crisis, and Traian Basescu’s statements yesterday night”, Georgiana Pacesila, asset manager at Confident Invest, told Wall-Street.
The total trade value at the equity market soared 78% to 61.41 million lei (€14.66 million). “Today’s volumes are very high, largely due to the broad sell-off”, said Pacesila.
BET index of the ten most actively traded stocks at BSE fell 4.34% to 4,907.95 points, while composite BET-C closed down 4.05% at 2,975.92 points.
BET-FI index of the five financial investment companies slumped 6.52% to 24,578.23 points, the lowest since the year’s first trading day. Vienna’s ROTX finished down 4.46% to 10,116.38 points.
BET-XT index of the 25 most traded stocks gave up 5.10% to 477.24 points, while BET-NG gauge of ten energy companies closed down 2.85% to 690.63 points.
SIF Oltenia (BSE:SIF5) attracted the biggest trade value, 21.84 million lei, while stock quotes decreased by 5.85% to 1.61 lei. SIF Moldova (BSE:SIF2) lost 7.76% and closed at 1.07 lei and recorded a total liquidity of 6.27 million lei.
In the banking sector, Banca Transilvania (BSE:TLV) dropped 7.77% to 1.78 lei, while BRD SocGen (BSE:BRD) fell 3.6% to 13.4 lei.
In the energy sector, OMV Petrom (BSE:OMV) outperformed the market with the slightest decline, of 0.33% to 0.3 lei, after the release of strong first-quarter results.
