{"id":2856,"date":"2024-12-04T07:02:25","date_gmt":"2024-12-04T07:02:25","guid":{"rendered":"https:\/\/ofero.news\/?p=2856"},"modified":"2024-12-04T07:02:25","modified_gmt":"2024-12-04T07:02:25","slug":"romanias-stock-exchange-loses-2-35-amid-presidential-election-concerns","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=2856","title":{"rendered":"Romania’s Stock Exchange loses 2.35% amid presidential election concerns"},"content":{"rendered":"

The blue chips index BET at the Bucharest Stock Exchange lost 2.35% on December 3 in a session dominated by volatility and lack of predictability, which started with a 0.76% advance building on positive dynamics on the first day after the parliamentary elections that indicated a possible democratic coalition.\u00a0<\/p>\n

By the end of the day, however, BET ended with the sharpest decrease since the 3.6% on August 5 and the second largest since the beginning of the year, Ziarul Financiar<\/a>\u00a0reported.\u00a0<\/p>\n

The decreases were recorded almost from top to bottom, with Antibiotice Iasi (BVB: ATB) dropping by 7.6%, TTS (BVB: TTS)\u00a0by 6%, Sphera (SPH) by 5%, Purcari (WINE) by 4.9%, and TeraPlast (TPL) by 4.3%.<\/p>\n

The plunge reflects investors’ increasingly cautious stance as they get familiar with ultranationalist independent candidate Calin Georgescu’s economic agenda: a combination of etatism, nationalism, and new-ageism.\u00a0<\/p>\n

The lack of political clarity among the political parties and the Social Democrats’ readiness to negotiate with the nationalist parties for the formation of a ruling coalition have contributed to the deterioration of investors’ sentiment.<\/p>\n

The sharp loss on December 3 came after, on December 2, the stock market rose by 0.6% as a result of the weekend parliamentary elections; in the second trading session of the week, the cumulative capitalization of listed issuers lost RON 3.3 billion (EUR 660 million).<\/p>\n

“The stock market movements during this period are related to the perception of investors regarding the elections, the speeches of political leaders related to the formation of a new government, the political support for the presidential elections, and implicitly the level of predictability regarding a future economic policy from the state in a macro context\/ microeconomic,” commented Costin Brum\u0103, broker at Swiss Capital.<\/p>\n

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

(Photo source: Inquam Photos\/George Calin)<\/em><\/p>","protected":false},"excerpt":{"rendered":"

The blue chips index BET at the Bucharest Stock Exchange lost 2.35% on December 3 in a session dominated by volatility and lack of predictability, which started with a 0.76% advance building on positive dynamics on the first day after the parliamentary elections that indicated a possible democratic coalition.\u00a0 By the end of the day, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2856","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/2856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2856"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/2856\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}