The market value of listed companies, which include OMV Petrom (SNP.RO), Banca Transilvania (TLV.RO) and Romgaz (SNG.RO) reached about RON183 billion, the highest since February 20, 2020, a little while before the lockdown in Romania.
“We recovered in terms of capitalization, too. OMV Petrom deserves credit for this, because it is the company with the highest capitalization, but was supported by the other major issuers, of course,” says Marcel Murgoci, head of trading with one of the oldest stockbrokers in Romania, Estinvest.
“This is good and proves we are becoming a mature market and investors are turning more and more often to the stock market.”
On March 23, 2020, the Bucharest Stock Exchange was reeling from the COVID-19 crisis, and the trading session that day ended at 7.039 points for the BET, a 30% slump compared with the beginning of the year.
The capitalization of listed companies stood at RON115.6 billion then, Bucharest Stock Exchange data show. In other words, the main index BET has since gained 61%, and the capitalization some RON67 billion.
(English version by Loredana Fratila-Cristescu)