Stocks drop on Greece debt worries

Stocks drop on Greece debt worries

Stocks at the Bucharest Stock Exchange continued to post sharp losses, as Greece debt worries pushed the financial investment companies sector down 2% in late afternoon trading, while bond sector grabbed the spotlight with record trade value.

The total trade value at the Bucharest Stock Exchange rose markedly today to 47.22 million lei (€11.4 million), from 17.91 million lei (€4.35 million) yesterday. The bond sector attracted a record liquidity of 185.15 million lei (€44.69 million) in ten separate deals with one government securities series (B1403A).

BET index that gauges the performance of ten most actively traded stocks slumped 1.44% to 5,686.22 points, while composite BET-C gave up 1.66% and closed at 3,427.60 points.

BET-FI index of the five financial investment companies (BSE:SIF) suffered the sharpest drop, of 2.02% to 29,436.33 points, while Vienna's ROTX closed down 1.54% to 11,631.64 points.

BET-XT index of the 25 most traded stocks shed 1.77% to 560.41 points, while BET-NG gauge of ten energy companies fell 0.63% to 781.88 points.

FIC Oltenia shares (BSE:SIF5) have been the most traded stocks today, with a total trade value of 16.83 million lei, while stock prices dropped 1.09% to 1.81 lei. FIC Moldova (BSE:SIF2) plummeted 2.22% to 1.32 lei, and recorded a total trade value of 7.32 million lei.

In the banking sector, BRD SocGen (BSE:BRD) suffered 3.95% drop to 14.60 lei, while Erste Bank (BSE:EBS) dropped 2.01% to 136.20 lei.

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