Operating revenues totaled RON17.25 million, up 34% year-on-year on the positive evolution of the trading and post-trading segments, while operating expenses rose from RON11.9 million to RON15 million.
BVB liquidity in the first three months of 2024 reached RON6.1 billion, 135% above the level of the year-earlier period, and the benchmark index ended Q1 with a 10.8% plus.
The shares of the company valued at around RON520 million have lost 2% this year. In the past 12 months, they have posted a 40.7% advance, while the benchmark has added 41.1%.
The increase in BVB’s operating revenues in the first quarter of 2024, is due to the trading revenues, mainly from shares regular transactions on the main market, exceeding RON 5 mn, influenced by the higher volumes traded, positive evolution continued from debut to trading of Hidroelectrica shares, increase in market liquidity and higher number of investors. The public offers revenues decreased result of significant buyback offer carried out in the previous period and which were not performed yet in Q1 2024.
The 13% increase in issuers maintaining and admission fees revenues up to the value of RON 1.35 mn is mainly due to the indexation of maintaining fees starting January 1st, 2024 with the average inflation rate published for the year 2023, respectively 10.4%.
The 38% increase in market data revenues up to the value of RON 1.28 mn was influenced by higher number of end users and data clients compared to the previous period, but also by the new tariff plan applied starting January 1 st , 2024.
Post-trading segment revenues achieved by Central Depository (DC)* increased by 38% up to RON 8.19 mn, mainly as a result of the increase in portfolios value managed by the custodian agencies, increase of some tariffs starting on February 1st , 2024 , especially the issuers maintaining fee, as well as a result of one-off operations.
(English version by Catalina Apostoiu)