The BET index of the Bucharest Stock Exchange (BVB) has recorded a minus of 1.43% at 10.00h on Friday, in line with the US and Asian markets. The other BVB indices have recorded minuses of 1.14-1.90%.
The Wall Street went downwards again, and the Dow Jones stock index dropped by more than 1,000 points on Thursday, down by 4.15% against its initial value.
Another important index, the S&P 500, dropped by 100.6 points, down by 3.75%, while the Nasdaq index lost 274.8 points, recording a decrease of 3.9%.
Dow Jones had a decline of 1,175 points on Monday, the largest since the financial crisis in 2008.
The Japanese stock market benchmarks fell by more than 3% on Friday, the Hong Kong stock exchange fell by nearly 4%, and China lost more than 5%. At the same time, China’s yuan quotation is down to the levels registered in 2015.
The NIKKEY Tokyo Stock Exchange fell by more than 500 points, to about 23,000 points.
The Bucharest Stock Exchange closed down on Tuesday with 2% decreases on all indices, but opened the Wednesday session on the plus after the recent losses. The main index, BET, was up by 1.91% at 10.00h. At the same time, BET-Fi climbed by 1.93% and BET-NG by 1.9%.
On Tuesday the BET index, showing the evolution of the 13 most liquid shares, declined by 2.13% to 8,007.41 points.
The BET-Plus index, which shows the evolution of the 37 most liquid stocks on the Bucharest Stock Exchange, closed down by 2.15%, the SIF BET-FI index was down by 2.37%, and BET-NG, the index of the 10 energy and utilities companies, fell by 2.07%.
The Dow Jones stock index posted a decline of 1,175 points on Monday, the highest drop since the 2008 financial crisis, with S&P 500 and Nasdaq stocks feeling the trend, which attracted the US Presidency’s ‘concern’.
3-month ROBOR Index further up to 2.04%
The 3-month ROBOR Index has increased on Friday to 2.04%, up from 2.03% a day before, according to the National Bank of Romania (BNR), reportedly due to the developments on the world stock markets.
The index was at the end of last year 2.22%.
The 6-month ROBOR Index for mortgage loans soared to 2.34%, up from 2.33%.
The 9-months ROBOR Index increased from 2.37% on Thursday to 2.39% on Friday.
ROBOR (Romanian Interbank Offer Rate) is the average interest rate for loans in national currency granted on the interbank market, and the increase of this indicator will lead to an increase of instalments in the case of RON loans.