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November 29, 2022

BVB report: Romania, more resilient than other developed capital markets in this complicated international context

Romania has been more resilient than other developed capital markets in this complicated international context, said Radu Hanga, president of the Bucharest Stock Exchange, according to a BVB report.

The Romanian capital market aligned with the international trend, even if the BET-TR index (that reflects the evolution of ten most liquid stocks listed on the Bucharest Stock Exchange) had a more moderate depreciation, of 10.5% after the first 9 months of the year. In Romania, the better comparative evolution in relation to other international indices was possible after the BET-TR index had reached a new historical high in August, the report emphasizes.

“The energy and financial sectors have an important share in the capital market in Romania and it is precisely this structure specific to our market that tempered the negative investor sentiment manifested in other international indices. We expect volatility to manifest itself in the capital market in the last quarter of the year but the magnitude level cannot be estimated. That is precisely why, for individual investors, the best strategy is to set a longer investment horizon, and companies have the opportunity of taking advantage of the mechanisms made available by the capital market,” said General Manager of the Bucharest Stock Exchange Adrian Tanase.

Investment activity intensified in September on the Bucharest Stock Exchange, after the summer months’ more moderate pace. For example, last month, over 140,000 transactions were carried out on the BVB Regulated Market, by 48% more than in August, and almost 17,000 transactions on the Multilateral Trading System, by 13% more than in August.

On the Regulated Market, trading volume was 13% above the August level in the equity segment, 32% higher in the fixed income segment, 55% higher in the mutual fund segment, and doubled at the level of structured products, namely +102%. At the level of all types of financial instruments traded on the BVB’s Regulated Market, the total trading value in the first 9 months reached 17.3 billion RON, the equivalent of 3.5 billion euros, up 34% compared to the same period of the year last.

The most traded companies listed on BVB were, in September, OMV Petrom with 168 million RON, Banca Transilvania with 166 million RON, Evergent Investment with 82.3 million RON, Fondul Proprietatea with 54.4 million RON and BRD – Groupe Societe Generale with 49.1 million RON.

At the level of the first 9 months, the trading top is led by OMV Petrom with 2.12 billion RON, Fondul Proprietatea with 1.68 billion RON, Banca Transilvania with 1.63 billion RON, BRD – Groupe Societe Generale with 723 million RON and Romgaz with 467 million RON.

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