The BET-EF methodology allows a variable number of constituents in its structure, without imposing a maximum number. The starting structure of the BET-EF index includes 11 companies from the Main Market, selected based on liquidity as well as free-float market capitalization. The initial value of the index is 1,000 points.
“The energy, utilities and financial sectors are among the most effervescent at the Bucharest Stock Exchange. We are glad of the good performance of the companies representing these sectors and we believe that we are in a win-win situation. The presence on the capital market gives tangible and intangible advantages, which are reflected in the evolution of the listed companies and are also transferred to the level of the entire capital market. We hope to see more and more companies listed on the capital market in the near future, which will also strengthen other representative sectors in the Romanian economy, such as technology and IT&C, agribusiness, real estate, FMCG, tourism and transport”, said Radu Hanga, Bucharest Stock Exchange President.
At the time of launch, the BET-EF index includes the following companies: Banca Transilvania (TLV), OMV Petrom (SNP), Hidroelectrica (H2O), Romgaz (SNG), BRD – Groupe Societe Generale (BRD), Nuclearelectrica (SNN), Electrica (EL), Transgaz (TGN), Transelectrica (TEL), Premier Energy (PE) and Bucharest Stock Exchange (BVB).
“With a share of approximately 58% of the total regulated market capitalization, Romanian energy, utilities and financial companies needed a representation also in the form of an index. The evolution of the capital market in recent years, with an increasing number of listed companies, has also resulted in a transformation of the spectrum of indices that BVB calculates and distributes. It is the fourth index we have launched in recent years, and we expect it to become a benchmark for retail and institutional investors who follow the market and need this type of reference index to build their investment portfolios”, said Adrian Tanase, CEO of the Bucharest Stock Exchange.
The last three indices launched by the Bucharest Stock Exchange, in 2021, were BETAeRO, BET-TRN and BET-XT-TRN. In total, the local stock exchange calculates and distributes in real time 12 reference indices, to which is added an index created in partnership with Vienna Stock Exchange, ROTX.