The investors intensified their trading activity on the Bucharest Stock Exchange (BVB) pushing the cumulative value of transactions for all types of financial instruments to RON 10.4 billion, the equivalent of EUR 2.1 billion. This level corresponds to a growth rate of 56.6% compared to January-July last year. 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 46.1 million (equivalent to EUR 9.6 million) to RON 71.6 million (equivalent to EUR 14.6 million).

During July, the capital market continued to rise and reached new record values. In the trading session of July 14th, BET index reached the level of 12,055 points for the first time in history. At the end of the same session, BET-TR index displayed a record level of 21,002 points. Thus, the growth posted by the capital market was 25% in the first 7 months for the BET-TR index and 20% for the BET index.

“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 that have been absent from the capital market or that have been underrepresented. The result is that the attractiveness of the stock market has increased, both for issuers and investors. We have managed to overcome the dilemma engulfing the stock market for so many years: if we need more investors or more companies first. The answer given by the market is that once the listings went more smoothly, investors started to appear. It is essential, however, to look at this phenomenon in the context in which the capital market has reached new all-time highs every month, and the prospect of rising inflation has led more and more Romanians to find more efficient channels for their savings,” said Radu Hanga, President of the Bucharest Stock Exchange.

“A strong capital market has a positive impact on the economy. Economic growth can be sustained and accelerated through the stock market as the financing of Romanian companies is provided more often and consistently by the mechanisms of the capital market. 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. For this, it is necessary for the listing trend to continue and all market participants, together with BVB, make efforts for this phenomenon of accelerated listings to become normality on the local stock exchange,” stated Adrian Tănase, CEO of BVB.

The investment activity at BVB continued its ascending course in the first part of the year, following the record results obtained in 2020. In September 2020, Romania was promoted to the status of Emerging Market by the global index provider FTSE Russell.

Florin Cepraga, Senior PR Specialist, Bucharest Stock Exchange

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