This sharp decrease comes on the heels of the first round of the presidential elections held on Sunday.
The broader BET-XT index, which tracks the performance of the 25 most liquid companies, also saw a substantial decline of 2.69%. Similarly, the BET-TR index, which includes dividends, mirrored the fall with a 2.67% decrease.
Across the board, most sectoral indices registered losses. The financial index, BET-FI, recorded the most significant drop of 3.52%. The energy index, BET-NG, also fell considerably by 2.36%, while the BET-EF index, representing energy, utilities, and financials, decreased by 2.58%.
All of the 20 most actively traded stocks on the BVB were in negative territory during the trading session. Among the biggest decliners were Electrica, Fondul Proprietatea, MedLife, and Digi Communications.
Approximately 8.2 million Romanian employees are indirectly major investors in listed companies through Pillar II private pension funds, making the stock market sensitive to political and economic developments.
