Romania's Stock Exchange keeps bleeding amid global collapse
<p>After a deep plunge taken at the opening on April 7, Romania's Stock Exchange has gradually recovered through the day, ending with a loss of 2.3% measured by the global index BET and even smaller declines posted by sectoral indices (-0.6% for the financial BET-FI index, -2.0% for the energy BET-NG index).</p>

<p>Overall, the equity capitalisation of the Bucharest Exchange dropped by 8.25% to RON 351 billion (EUR 70 billion), thus losing RON 32 billion (EUR 6.4 billion) in the three trading days since the US prompted a collapse of the global markets by imposing high tariffs against virtually all trade partners.</p>

<p>The 2.3% drop on April 7 brought BET's year-to-date performance into the negative territory (-1.4% YTD).</p>

<p>By comparison, the pan-European Stoxx 600 index fell by 3.7% on April 7, bringing the YTD performance to -6.4%, while capital markets around the world continue to react negatively to the customs duties imposed by the White House administration.</p>

<p>BET's performance on April 7 came amid declines in Purcari (BVB: WINE, -5.2%), TeraPlast Bistrita (BVB: TRP, -4.3%), Sphera Franchise (BVB: SFG, -4.2%), Transelectrica (BVB: TEL, -3.7%), One United Properties (BVB: ONE, -3.6%), Banca Transilvania (BVB: TLV, -3.2%), Transgaz (BVB: TRG, -3.1%) and Romgaz BVB: SNG, (-2.7%), <a href="https://www.zf.ro/burse-fonduri-mutuale/bursa-a-pierdut-32-mld-lei-din-capitalizare-de-la-ziua-eliberarii-22766913?mc_cid=3349347f6d&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Ziarul Financiar</a> reported.</p>

<p>Only Electrica shares increased (+0.7%), recovering after a deep 11% plunge in the previous trading day.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com/" rel="noopener" target="_blank">Negotin8/Dreamstime.com</a>)</em></p>