The Bucharest Stock Exchange (BVB) announced on Thursday, the intense trading activity has caused the cumulative value of transactions for all the types of financial instruments to exceed RON 10bln (€2.1bln) in the first seven months in 2021 and this level corresponds to a growth rate of 56.6% compared to January-July last year.
The capital market reached record values in July: over 12,000 points for the BET index and over 21,000 points for the BET-TR index, according to a press release.
The total transactions performed on the Regulated Market on the equity segment accounted for RON 5.8bln, and for RON 4.2 bln on the bonds segment. The total trading value for structured products was RON 411mln, and RON 21mln for fund units, at the end of the first 7 months.
The increase posted by the capital market was 25% in the first 7 months for the BET-TR index and 20% for the BET index.
The average daily liquidity for all types of financial instruments increased by 55.4% in the first seven months compared to the same period of the previous year, from RON 46.1mln (€9.6mln) to RON 71.6mln (€14.6mln). Breakdown by types of financial instruments, the equities generated an average daily liquidity of approximately RON 40mln, fixed income instruments – RON 29mln, while RON 3mln was the daily turnover on the segment of structured products and fund units.
“The Romanian stock exchange is like an investment mall: the same platform now hosts a much wider range of companies and offers exposure to new sectors,” said Radu Hanga, BVB President.
“We have very good premises to consolidate our status as an Emerging Market and we want Romanians to invest much more in the Romanian economy,” stated Adrian Tanase, BVB CEO.
The investment activity at BVB continued its ascending course in the first part of 2021, following the record results obtained in 2020 when the investors present on the Romanian stock exchange-traded financial instruments totalling RON 18.3 bln (€3.77bln).
It was the highest annual value ever recorded on the main segment of the Romanian stock market and exceeded by almost 25% the previous record recorded from 2007. In September 2020, Romania was promoted to the status of Emerging Market by the global index provider FTSE Russell.
The capitalization of the local companies listed on BVB has gone above the pre-pandemic level. Thus, the Romanian companies listed on the Main Market of BVB have reached a market value of almost RON 126bln (€25.6bln).