Romania’s five financial companies SIF plunge 3.72% on BSE at closing bell

Buying pressure lowered the indexes on the Bucharest Stock Exchange (BSE) at day-end and the five investment funds SIF plummeted 3.72 percent, as investors’ pessimism showed up following declines on the U.S. markets, brokers deem. The BET index reflecting the evolution of the ten best companies on the market fell 2.60 percent to 4,522.17 and the BET-C composite index assessing all listed shares minus financial companies dipped 3.11 percent to 2,699.68.Shares of SIF Oltenia (SIF5) were the most liquid on the market and depreciated 3.54 percent to 1.09 lei and those of SIF Moldova (SIF2) plummeted 3.88 percent to 0.99 lei.

On the banking sector, BRD SocGen (BRD) sank 4.62 percent to 12.40 lei, while Banca Transilvania (TLV) idled at 1.80 lei.

Romania’s top oil company Petrom (SNP) fell 3.17 percent to 0.2750 lei and drilling company Dafora Medias (DAFR) dropped 4.55 percent to 0.1050 lei.

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