The Bucharest Stock Exchanged (BVB) said on Monday that OMV Petrom and TeraPlast shares will be included, as of September 20, in the FTSE indices for Emerging Markets, joining Banca Transilvania and Nuclearelectrica shares, according to a press release.
Romania consolidates its weight in the FTSE Russell indices, having five companies present in all the global provider’s indices: Banca Transilvania, Nuclearelectrica, OMV Petrom, TeraPlast and Bittnet.
FTSE’s decision regarding the inclusion of OMV Petrom in the All-Cap indices and, at the same time, TeraPlast’s upgrade from FTSE Global Micro-Cap index to FTSE Global All-Cap index validates the potential of the Romanian capital market and its dynamism.
The president of BVB Radu Hanga stated that in just one year, Romania’s presence in the FTSE Russell indices has increased from three to five companies.
“We congratulate all the five companies included in FTSE Russell’s indices and we are glad that together with them we can increase Romania’s representation on institutional investors’ radars. At the same time, the increase in the number of Romanian companies in FTSE Russell indices shows that together we have taken the best steps to improve the liquidity of these companies,” said Adrian Tanase, BVB’s CEO.
“With the inclusion in these indices, we expect an additional increase in the attractiveness of OMV Petrom shares for a wider and more diversified investor base,” stated Alina Popa, CFO, member of the OMV Petrom Executive Board.
Romania’s upgrade by FTSE Russell, on September 21, 2020, among Emerging Markets opened the way for the capital market to a wider investment universe, and with the increase in the number of investors, the demand for assets listed on BVB is higher.