The average daily liquidity for all types of financial instruments registered a new maximum: RON79.4 million (EUR16.1 million), while the BET (over 13,000 points) and BET-TR (over 23,000 points) indices saw increases of 33% and 40%, respectively.
Multiple records were also recorded on the AeRO market: the capitalization of listed companies increases by 136%, the total trading value by 253%, and the average daily value of transactions by 249%. The first dedicated AeRO index ended 2021 at 1,052 points, the report shows.
The capitalization of the local companies listed on the Regulated Market of Bucharest Stock Exchange and AeRO reached the highest level in history and exceeded RON160 billion.
Romania’s visibility in Emerging Markets indices improved significantly so that by the end of 2021, seven companies were included in the indices of the global provider FTSE Russell, per the report.
The number of investors on the stock exchange continued to grow: over 74,000 direct investors, FCI data show at 9 months, and 540,000 investors in mutual funds, according to data from the Romanian Association of Asset Managers, or AAF, at 11 months.
New all-time high for the total value of net assets of privately managed pension funds, where 8.1 million Romanians contribute to Pillar II and III pensions: RON90 billion at the end of the first 9 months of 2021, according to data from the Romanian association for private pensions APAPR, according to the report.
“We are in a very good moment for the capital market, which recorded in 2021 multiple all-time highs on different levels, and we can say that the Romanian stock market had one of the best years in history. The results of 2021 reconfirm that our development projects are going in the right direction and that the capital market is fulfilling its essential mission as a financing platform for the Romanian economy. Our estimate is that many of the trends reported last year will manifest in 2022. We expect the listing trend to continue and it is possible to see state-owned companies, such as Hidroelectrica, go public because the experience of the Romanian state with the market capital has been a positive one. The excellent collaboration that BVB has with the market participants and the investment community is an important element for increasing the access of local companies to the capital market. The very good dialogue we have with the state authorities, Government, Parliament, ASF, BNR is also essential for the present and future success of the Romanian capital market”, said Radu Hanga, President of the Bucharest Stock Exchange.
The Bucharest Stock Exchange has consolidated its fundamental role as a financing platform for the Romanian economy: 23 companies were listed on the stock market in 2021 and attracted financing of RON234 million and the 45 bond issues listed on the Bucharest Stock Exchange exceeded EUR1.8 billion in 2021, the report also shows.
“The priorities for 2022 are to further expand the number of private or state-owned companies on the stock exchange, increase the number of investors, consolidate the status of Emerging Market, and launch the Central Counterparty. We want this year to materialize the approach already initiated in the Romanian Parliament on simplifying tax procedures for individual investors by introducing the withholding tax system for capital gains. An essential element for the BVB group and for the development of the market and liquidity will be the moment when the Central Counterparty will become operational, and we want to have the first transactions with derivatives in the second half of this year”, said Adrian Tanase, CEO of the Bucharest Stock Exchange.