Bucharest Stocks Close Down, Fondul Proprietatea At All-time Low
The Bucharest bourse closed Monday on a downward trend despite a solid increase in the first half of the session, with Fondul Proprietatea (FP.RO) shares touching a new all-time low since their listing in February.
The bourse’s turnover was lifted by deals with a 0.6% stake in the Proprietatea fund sold for 35.32 million lei (EUR8.1 million), while a 20.5% stake in Concefa was sold for RON6.4 million.
On the main market, Proprietatea shares fell 3.01% on the day, to RON0.4151, on a traded value of RON13.3 million. Concefa shares dropped 1% to RON0.0495, on a traded value of just RON27,984.
The stock exchange’s composite index BET-C declined 1.42% on the day, to 2,549.68, while the BET index dropped 1.62% to 4,172.21.
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