The first transaction, of 24.4 million shares or RON61 million, was registered in the local stock exchange system at 4:06 p.m., and the second, of 8.1 million shares or RON20.3 million, a few seconds later.
Prices were RON2.5 lei per share in each case. By comparison on the REGS market, where small investors trade, the price on Tuesday afternoon was RON2.535.
According to data aggregated by Ziarul Financiar from brokers’ platforms and BVB.ro, the transactions on November 23, 2021 represent the highest volume of shares traded on the DEALS market since 22 November 2016. At that time, transactions of 104.5 million units, or RON246 million, were processed on the DEALS segment.
At the time of writing, no sellers/buyers have yet been reported but it is likely that there are also rebalances in the portfolios of Pillar II private pension funds. According to the most recent public data, ZF calculated a RON3.7 billion holding of pension funds in the Cluj-based bank, equivalent to 23.77% of the share capital. In other words, Romania’s future pensioners own almost a quarter of the largest local bank.
The Cluj-based bank has RON16.2 billion capitalization and its shares have gained 24% since the beginning of 2021.
(English version by Loredana Fratila-Cristescu)