The final list of companies to be included in these indices will be announced on March 5.
Romania will thus have two companies in the two indices, respectively Bittnet Systems and TeraPlast (TRP.RO). The shares of the construction materials producer were included in the two indices in September 2020, when Romania was effectively upgraded to Emerging Market status, by the inclusion of Banca Transilvania and Nuclearelectrica in the Emerging Markets indices.
FTSE Global Micro-Cap is part of the FTSE Total-Cap index series and is aimed at companies in the micro sector, according to the FTSE Russell classification. The inclusion of Romanian companies in these indices contributes not only to visibility, but also to attracting capital from fund managers, the capital market operator said.
Romania’s upgrade by FTSE Russell, in September 2020, to the Emerging Markets category opened the way for the capital market to a much wider investment universe, and with the increase in the number of investors, the demand for Romanian assets is higher, which will it also translate into a better valuation of listed companies and thus an increase in local market capitalization.