Romanian bourse in Sibiu suspends transactions with share derivatives only, following BSE decision

The bourse in the central city of Sibiu, Sibex, stopped its transactions with derivatives on shares today around 11:10 a.m. Romania's hour, immediately after trading on the Bucharest Stock Exchange (BSE) was suspended following a general market slump, Darius Cipariu, deputy director of Sibex, said.

However, transactions with foreign currency derivatives continue.

"The rule is that both markets have to run, so transactions will be resumed immediately after they restart on the spot market," Cipariu explained.

Transactions on the Bucharest Stock Exchange (BSE) were stopped at 11:08 a.m. Romania's hour in order to preserve the market integrity, after steep falls in today's opening session.

The BET index of the ten best companies on BSE dropped 9.25 percent and the BET-C composite index measuring all listed shares minus financial companies plunged 10.68 percent.

The BET-FI index of the five financial companies known as SIFs slumped 14.64 percent and the ROTX index for trading blue-chips in Vienna plummeted 10.60 percent.

The BET-XT index of the 25 most liquid companies on the stock market lost 11.05 percent and the BET-NG index of the ten power companies on the bourse fell 10.26 percent.

Bourses worldwide also posted significant drops, in the context of the international market turmoil. 

NewsIn