Stock market drops by nearly 3% following the announcement of PSD's withdrawal from the government

Stock market drops by nearly 3% following the announcement of PSD's withdrawal from the government

The Bucharest Stock Exchange (BVB) recorded nearly 3% declines on almost all indices in Thursday’s session, around 12:50, and reported transactions worth 2.63 billion lei (529.8 million euros).

The main BET index, which shows the evolution of the most liquid 16 companies, recorded a decrease of 2.75%, to 16,300.37 points, while the BET-Plus index, which reflects the evolution of the most liquid 37 shares at the BVB, was down by 2.68%.

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At the same time, the extended blue-chip index BET-XT, of the most liquid 25 titles, lost 2.50% of its value, and the benchmark for investment funds performance, BET-BK, depreciated by 2.93%.

The BET-FI index of SIFs was down by 1.35%.

BET-NG, the index of the 10 companies in the energy and utilities sector, depreciated by 2.37%.

Prime Minister Marcel Ciolacu announced on Thursday on his Facebook page that the PSD is withdrawing from the discussions table for the formation of the government and will vote in Parliament for a right-wing government.

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"PSD has endured enough of such attitudes, without commenting and without making a scene like the others did. This way of working is totally counterproductive in front of the people. Therefore, PSD withdraws with dignity from the discussions table, but we do not shirk responsibility.

We will vote in Parliament for a right-wing government! We do this because this country urgently needs a government to manage current issues until the upcoming presidential elections. Romania must not be blown up by childish attitudes and foolish pride," said Marcel Ciolacu.

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