In the Wednesday’s trading session, the liquidity at the Bucharest Stock Exchange nearly doubled to 39.01 million lei (€9.21 million), from yesterday’s 19.74 million lei, as two consistent deals with SIF5 and SIF2 stocks put some heat up to the market’s trading activity.

SIF5 shares worth 6.93 million lei changed hands today at 1.25lei/share, and another pack of SIF2 shares for 5.1 million lei, at 1.14lei/share.

BET index that gauges the performance of the ten most liquid stocks at the BSE finished down 1.68% to 4,576.20 points, while the composite BET-C fell 1.36% to 2,686.21.

BET-FI index of the five financial investment companies (BSE:SIF) closed 1.49% lower to 23,529.27 points, while Vienna Stock Exchange’s ROTX dropped 1.64% to 9,632.84 points.

BET-XT index that measures the performance of the 25 most liquid shares closed 1.64% lower to 454.85 points and BET-NG of the energy companies listed at BSE fell 1.48% to 571.78 points.

European stock markets were showing a marked decline at BSE’s closing. At the London Stock Exchange, FTSE index of leading 100 shares was shedding 0.26% to 5,209.77 points while Germany’s DAX suffered a 0.56% decline to 5,656.49. Paris’ CAC40 was falling 0.60% to 3,762.55 points.

Despite the intense trading activity, investors’ attention was diverted to Flamingo shares (BSE:FLA) that plummeted 14.9% to 0.0217 lei, after the company filed for insolvency following ING Bank’s decision to open foreclosure proceedings for the company’s stocks to recover outstanding debt.

The board of the Bucharest Stock Exchange has suspended Flamingo shares from trading in the second part of the day in order to allow investors to assimilate the news regarding the legal restructuring of the company. The stocks were suspended again at around 16:00 EET and remained on the sideline until closing.

FIC Oltenia (BSE:SIF5) has led the most traded stock chart today, with shares worth 9.74 million lei changing hands, pushing prices down 1.57% to 1.25lei. FIC Moldova (BSE:FIC2) moved 3.48% lower to 1.11 lei, in a liquidity of 5.59 million lei.

In the financial sector, Banca Transilvania (BSE: TLV) closed down 2.83% to 2.06lei, after shares worth 1.72 million lei changing hands. BRD SocGen dropped 0.75% to 13.20lei in a liquidity of 492,000lei.

Transactions with Zentiva Romania shares (BSE: SCD) totaled 2.46 million lei and traded in a tight range afterwards, near 0.70lei. Rompetrol Rafinare (BSE: RRC) finished down 0.53% to 0.563lei, in a liquidity of 766.300lei.