Financial companies fall 7.43% on BSE, while the rest of the market ends session in slight drop

Publish date: 10-10-2008
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The index of the five financial companies in Romania (SIFs) plunged more than 7 percent on the Bucharest Stock Exchange (BSE) at the end of the day, while the rest of the market dipped slightly, on a higher liquidity compared to the previous three sessions.

Liquidity added 77.5 percent to 39.93 million lei (10.44 million euros), from 22.5 million lei in the previous three days.

The BET index of the ten best companies on BSE slid 1.72 percent to 3,539.07 and the BET-C composite index measuring all listed shares minus financial companies lost 0.82 percent to 2,639.54.

The BET-FI index of the five financial companies known as SIFs plummeted 7.43 percent to 17,851.52 and the ROTX index for trading blue-chips in Vienna inched 0.24 percent to 8,703.44.

The BET-XT index assessing the 25 most liquid companies on BSE decreased 3.01 percent to 352.62 and the BET-NG index reflecting the evolution of the ten power companies dropped 3.84 percent to 486.57.

The SIFs plunged 10 percent in just 10 minutes in mid-session today owing to increasing sale orders on reduced liquidity, which triggered general slump on the market. The BET-FI index tempered loss afterwards, to 6 percentage points below the level recorded yesterday on closing, but imposed a descending trend to other indexes.


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