The Bucharest Stock Exchange (BVB), a fundamental institution of the Romanian capital market, has successfully fulfilled its fundamental role of financing the economy in a volatile domestic and international context influenced by the evolution of the coronavirus pandemic. The Romanian capital market recorded in 2021 the best year in history and set a series of new records at the level of several development indicators.

As far as BVB’s Spot Regulated Market is concerned, new highs have been reached in terms of liquidity indicators. Thus, the cumulative value of transactions with all types of financial instruments exceeded, for the first time, the threshold of RON 20 billion, the equivalent of over EUR 4 billion. This level is 9.5% higher than that posted at the end of 2020, when total transactions reached RON 18.3 billion, the equivalent of EUR 3.77 billion. After one year with 252 trading sessions, the average daily liquidity for all types of financial instruments reached a new record of RON 79.4 million (EUR 16.1 million), increasing by 8.2% compared to the level of RON 73.4 million (EUR 15.1 million) achieved in 2020.

The intensification of the investment activity on BVB made the Romanian capital market reach new highs in terms of the level registered by the BET-TR index, which also includes the dividends, after ending the year 2021 at 23,113 points, which corresponded to a 40% increase in one year. A new all-time high was also recorded for the BET index, which includes the 19 most traded companies, and which ended the year at a level of 13,061 points, up 33.2% compared to 2020.

The Romanian companies listed on BVB have reached the highest values in history. The capitalization of domestic companies on the Regulated Market exceeded RON 141 billion, or EUR 28.5 billion, increasing by 38% compared to the level at the end of 2020, of RON 102 billion. The market value of the companies listed on SMT was RON 19.8 billion, or EUR 4 billion, up by over 200% compared to the value in 2020, of RON 9.7 billion. Cumulatively, the Romanian companies listed on BVB reached a record market value of RON 161 billion, 44% above the capitalization reported in the last trading session of 2020.

In 2021, the Romanian stock market consolidated its fundamental role as a financing platform for the Romanian economy: 23 companies were listed on the stock exchange in a single year, another 27 companies issued bonds, and the Romanian state attracted through primary offers of Fidelis government bonds over EUR 875 million. In total, the financing rounds attracted by the 23 companies reached EUR 234 million in 2021, and the 45 fixed income issues listed on BVB attracted financing of over EUR 1.8 billion.

Florin Cepraga, Senior PR Specialist, Bucharest Stock Exchange

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