Fears of the coronavirus epidemic have joined the oil price crash, and this situation led to the Bucharest Stock Exchange falling on Monday morning, explained Ovidiu Dumitrescu, CFA, deputy director, Tradeville.

“Fears of the coronavirus epidemic have joined the oil price crash, caused by the dissolution of the OPEC-Russia pact. This has led to a recalibration of the prices of most assets, depending on the risks perceived by investors,” said Ovidiu Dumitrescu, quoted by Agerpres.

Asked how much the stock market is falling, he said that this will depend in particular on the magnitude of the effects of the coronavirus epidemic on the main economies of the world. He also explained how the volatility interruption mechanism works, which acted this morning on the stock exchange.

The Bucharest Stock Exchange (BVB) opened by decreasing in its meeting on Monday, and at 10 minutes from the beginning it recorded transactions worth 14.23 million lei (2.9 million euro).

The main BET index, which shows the evolution of the 16 most liquid companies, registered a decrease of 9.79%, up to 8,520.67 points, and the BET-Plus index, which shows the evolution of the most liquid 37 shares from BVB, was down 9.56%.