Enthusiasm fades out on stock markets. BET loses 5%

The Bucharest Stock Exchange returned to a steep decline yesterday after on Monday the BET index (of the top ten most liquid companies) recorded its biggest one-day rise in history - by 11.1%. BET lost 5.1% and financial companies lost 3.8%. On Monday the leading European markets saw historic rises amid investor enthusiasm over the euro bailout plan announced by European officials.
"I was expecting the stock exchange to open down. (...) It was indeed very good news coming from outside, but not enough for investors to buy the whole stock market," said Octavian Dragolea, manager of the Bucharest branch of IFB Finwest.
The leading European stock exchanges in turn lost their enthusiasm and returned to decline. Pan-european index Euro Stoxx 50 fell by 2.7% against the reference quote towards the end of the trading session, and American index Dow Jones opened nearly 1% down against Monday's quote.