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Bucharest Stock Exchange Board Recommends Resuming Trade Thursday

The Bucharest Stock Exchange proposed that brokers resume trading on Thursday by the usual calendar, and keep transactions suspended all day Wednesday.
Bucharest Stock Exchange Board Recommends Resuming Trade Thursday
08 oct. 2008, 12:48, English

The Bucharest Stock Exchange board suspended trading Wednesday at 0808 GMT, after the market took a steep dive, with its main indices recording losses larger than 10%, while the five regional investment funds, or SIFs, plunged 14.64%.

At suspension time, the stock exchange’s composite index, or BET-C, was down 10.68%, while the BET index, which tracks the ten most liquid stocks, encountered losses of 9.25%.

The market’s total traded value was, at the time of suspension decision, RON10.1 million, 31% higher than Tuesday’s value in the same period.

The trading of derivatives was also suspended on Sibiu Monetary-Financial And Commodities Exchange, or BMFMS, after the Bucharest Stock Exchange suspension.