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București
duminică, 13 iunie 2021 - 16:53

Romanian companies listed on Bucharest Stock Exchange reach record highs

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The Bucharest Stock Exchange (BVB) said in a press release that the market value of Romanian companies listed on BVB reached new highs in April and broke the RON 120 billion ceiling following a 20% increase in 2021.

BVB explained that the value is almost RON 10 billion above the level registered at the beginning of 2020. The capitalization of the Romanian companies from the main market of BVB has exceeded the levels recorded before the coronavirus pandemic broke out.

“Romania’s valuable companies receive the market certification because they are public companies. What is now worth RON 120 billion, in the long run, can be worth much more,” said BVB President, Radu Hanga.

“We encourage as many companies as possible to go public because the presence on the local stock exchange is proof of economic health, not only of national pride,” added Hanga. 

The Romanian companies listed on the Bucharest Stock Exchange have become increasingly valuable as investors have maintained their confidence in the prospects for the evolution of the local economic environment.

“Increasing the weight of listed companies as a percentage of GDP is a priority for the real development of the Romanian economy. We are at 12% of GDP and we continue to grow. (…) It is time to make the most of the financial infrastructure because it is the type of infrastructure that connects Romania to the rest of the world in a few seconds,” said BVB CEO, Adrian Tanase.

BET and BET-TR indices climbed to new all-time highs in April, 15% up in the first 4 months. The total value of transactions with all types of financial instruments increased by 21.8% at the end of the first four months of this year compared to the same period in 2020.