The Bucharest Stock Exchange (BVB) stocks opened lower on Wednesday, in line with other European stock exchanges, on trades of RON 17.83 million (EUR (3.58 million) one hour into the trading session.

The main BET index reflecting the developments in the 20 most liquid stocks fell by 1.79%, and the BET-Plus index reflecting the developments in the 43 most liquid BVB stocks declined 1.76%.

The extended blue-chip BET-XT index of the 25 most liquid stocks declined 1.82%, and the BET-BK index, the Bucharest exchange trading benchmark index, was down 1.80%.

The BET-FI index of financial intermediation stocks was down 2.13% while BET-NG, the index of 10 energy and utilities stocks, decreased by 1.67%.

According to BVB, the top three risers were Bermas (+9.09%), Comelf (+5.78%) and Ropharma (+5.33%)

On the other hand, the top three fallers were Carbochim (-5.74%), Simtel Team (-4.80%) and IAR (-4.21%).

European stock markets opened sharply lower on Wednesday amid heightened fears of economic damage from the trade war after new U.S. tariffs imposed on the EU.

The main DAX-40 index of the Frankfurt Stock Exchange was down 1.62% to 19,951.11 points, while the main FTSE-100 index of the London Stock Exchange fell 1.85% to 7,764.57 points and the main CAC-40 index of the Paris Stock Exchange fell 1.70% to 6,980.31 points.

The pan-European STOXX 600 index fell 2.5 percent after additional 20 percent U.S. tariffs on some European Union products came into effect on Wednesday.

AGERPRES