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Panic on the external capital markets pulls down the indexes on BSE by up to 4.26% at day-endUpdated: 08-02-2010 | Financial and Banking
The Bucharest Stock Exchange (BSE) ended week with massive drops on all indexes, of up to 4.26 percent on the SIF sector, as the U.S. capital market's collapse in the previous session made investors sell the shares to cash in profits.
Liquidity rose to 53.46 million lei at day-end. The BET index reflecting the evolution of the ten best companies on the market fell 2.72 percent to 4,906.56 and the BET-C composite index assessing all listed shares minus financial companies reduced 2.79 percent to 2,887.87.
The BET-FI index of the five financial companies known as SIF crashed 4.26 percent to 28,232.25 and the ROTX index for trading blue-chips in Vienna declined 3.03 percent to 9,995.80.
The BET-XT index of the 25 most liquid companies lowered 3.35 percent to 501.87 and the BET-NG index showing the evolution of the power market plummeted 2.42 percent to 636.81.
Shares of SIF Oltenia (SIF5) sponged deals of 18.04 million lei this session and sank 4.38 percent to 1.53 lei, while SIF Moldova (SIF2) depreciated 2.92 percent to 1.33 lei.
On the banking sector, BRD SocGen (BRD) eased 2.03 percent to 14.50 lei and Banca Transilvania (TLV) plunged 3.43 percent to 1.97 lei.
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