Asian Shockwave Pushes BSE Into The Red

Asian markets incurred significant decline yesterday, the shockwave reaching as far as Bucharest and pushing all the indices of the Romanian capital market into the red at the end of the week.

The BET Index, reflecting the performance of the ten most liquid stocks on the Bucharest Stock Exchange (BSE), lost 2.23% yesterday to 4,249.22 points. The BET-C, reflecting the general performance of the listed stock, lost 1.99% yesterday closing at 2,519.07 points.

The BET-FI Index, reflecting the performance of the five financial investment firms (SIF), suffered the greatest loss yesterday, dropping 3.95% to 21,494.95 points, whereas the BET-NG, reflecting the performance of the ten energy companies listed on the Bucharest Stock Exchange, lost 1.76% to 539.94 points. The BET-XT, reflecting the performance of the 25 most liquid stocks on the BSE, lost 2.66% and closed at 413.84 points.

The overall liquidity of the market amounted to 63.19 million RON (approximately 14.96 million EUR), making yesterday a profitable day for the Bucharest Stock Exchange. The financial investment firms (SIF) and BRD - Groupe Societe Generale (BSE:BRD) were the most liquid stocks. Specifically, SIF5 - Oltenia had a liquidity of 3.98 million RON amid a 4.24% decrease in price to 1.13 RON/share. SIF3 - Transilvania came next with over 4.29 million shares traded for 2.69 million RON. The reference price lost 4.65% to 0.615 RON/share. SIF2 - Moldova followed with 2.44 million shares traded for 2.41 million RON. Shares in BRD - Groupe Societe Generale lost 2.34% to 12.5 RON/share amid a liquidity of 1.6 million RON.