The Bucharest Stock Exchange (BVB) announced that the average daily value of transactions performed on BVB with all types of financial instruments doubled in April and the stock market liquidity increased by 37% in the first 5 months of 2021.
The growth of investment activity led the capital market to a new all-time high in May for BET and BET-TR indices and after the first 5 months of the year, BET increased by 16% and BET-TR by 19%, according to a press release.
Over the first 5 months, the liquidity of the capital market in terms of the average daily trading value reached RON 70.9 million, increasing by 37% compared to the first 5 months of the previous year.
On the shares segment, the daily liquidity was RON 35 million in May compared to RON 33 million a month ago. The most important growth rate was recorded on the fixed income instruments segment, which exceeded RON 56 million in May.
“Bonds have become the new flagship instruments of the Romanian stock exchange and the average daily value achieved by the bond segment has increased significantly,” said BVB President, Radu Hanga on Thursday.
“Romanians have begun to move money from deposits to the stock market in search of higher returns, a fact highlighted by the liquidity structure of the capital market,” added Hanga.
BVB CEO, Adrian Tanase stated that thousands of Romanians have become investors for the first time and have started trading on the Bucharest Stock Exchange being attracted by the opportunities offered by the listed companies.
“Almost 280 companies will be able to benefit from support for listing in the next 5 years through the National Recovery and Resilience Plan, and the stock market can propel their development,” said Tanase.