Indexes on the Bucharest Stock Exchange (BSE) reported drops of up to 1.68 percent at closing bell, on a double liquidity following two special transactions with SIF Oltenia and SIF Moldova shares, but investors’ attention was focused on Flamingo shares, as the company became insolvent.Liquidity totaled 39.01 million lei.
The BET index reflecting the evolution of the ten best companies on the market dipped 1.68 percent to 4,576.20 and the BET-C composite index assessing all listed shares minus financial companies reduced 1.36 percent to 2,686.21.
The BET-FI index of the five SIFs lost 1.49 percent to 23,529.27 and the ROTX index for trading blue-chips in Vienna sank 1.64 percent to 9,632.84.
The BET-XT index of the 25 most liquid companies fell 1.64 percent to 454.85 and the BET-NG index showing the evolution of the power market decreased 1.48 percent to 571.78.
Shares of electronics retailer Flamingo International (FLA) plunged 14.9 percent to 0.0217 lei after the company asked the court to become insolvent, as ING Bank began to sell the company’s supply in a bid to recover some of the debts.
On the banking sector, Banca Transilvania (TLV) lowered 2.83 percent to 2.06 lei and BRD SocGen (BRD) slipped 0.75 percent to 13.20 lei.
