Bucharest Stocks Open Down, Proprietatea Dominates Trades

12.18.2013 By Bogdan Neagu

The Bucharest stock exchange was down in early trade Wednesday, but few stocks gathered interest beside Fondul Proprietatea (FP.RO).

At around 10:40 local time (GMT0840), the Bucharest bourse’s BET index was down 0.45%, while composite index BET-C was losing 0.31%.

Proprietatea traded down 1.1%, as its shares were involved in trades totaling 2.35 million lei (EUR0.5 million), or 85% of the total traded value of RON2.73 million.

Fondul Proprietatea also brought BET-FI down 0.27%, as the index other components--the five regional investment funds (SIFs)--were either unmoved or in green territory.

Bucharest benchmark index BET-BK was down a mere 0.04%, extended blue-chip index BET-XT was losing 0.27%, while energy sector index BET-NG inched 0.01% lower.