The Bucharest Stock Exchange returned to a steep declineyesterday after on Monday the BET index (of the top ten most liquidcompanies) recorded its biggest one-day rise in history - by 11.1%.BET lost 5.1% and financial companies lost 3.8%. On Monday theleading European markets saw historic rises amid investorenthusiasm over the euro bailout plan announced by Europeanofficials.
"I was expecting the stock exchange to open down. (...) It wasindeed very good news coming from outside, but not enough forinvestors 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 enthusiasmand returned to decline. Pan-european index Euro Stoxx 50 fell by2.7% against the reference quote towards the end of the tradingsession, and American index Dow Jones opened nearly 1% down againstMonday's quote.
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