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Financial companies lose another 3.37% at closing following sale of significant share packagesUpdated: 18-09-2008 |
Financial company SIF Oltenia witnessed significant selling today on the Bucharest Stock Exchange (BSE), which could point to a foreign investor liquidating placements in the region, brokers said.
Liquidity on BSE halved to 28.75 million lei, after yesterday at closing it stood at 54.79 million lei.
The BET index of the ten power companies on BSE lost 0.39 percent to 4,463.11 and the BET-C composite index measuring all listed shares minus financial companies added a small 0.02 percent to 3,375.84.
The BET-FI index of the five financial companies known as SIF slumped 3.37 percent to 26,555.46 and the ROTX index for trading blue-chips in Vienna climbed 1.43 percent to 11,014.21.
Drops of financial companies were most likely caused by massive sale by a nonresident, Adi Lupsa, deputy director at Intercapital Invest said.
The BET-XT index of the 25 most liquid companies on BSE lost 1.25 percent to 470.94 and the BET-NG index of the ten power companies on BSE rose a slight 0.43 percent to 645.10.
Nonresident players are more active in the region, Lupsan said, adding that the two falls on the Moscow market points to possible exits from the capital market.
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