In the segment of the shares listed on the BVB’s Regulated Market, the total trading value in the first seven months of 2022 was RON8.4 billion, the equivalent of EUR1.7 billion, which meant an advance of 59.7% compared to the same period in 2021. Within this evolution, the month of July recorded a total trading value for shares of RON872 million or EUR177 million. This level is 27% above the one reported in July 2021, but compared to June 2022 it is 31% lower.
Regarding the average daily trading value of the shares listed on the BSE’s Regulated Market, the first seven months of this year reached a level of RON57.7 million or EUR11.7 million. This level translates into a growth rate of 60.8% compared to the January-July 2021. The average daily liquidity in the equity segment recorded in July was RON41.5 million or EUR8.4 million. Compared to July 2021, there was a 33% increase, but compared to June 2022, the level is 34% lower.
„The Romanian capital market has faced in a mature way the multiple challenges that overlapped during this period. The specifics of our stock market, in which the financial and energy fields are strongly represented, contributed to achieving positive results while other markets are still declining. Moreover, the best performance at the BVB level was recorded by the BET-NG index, which includes energy and utilities companies, with +9% in the first 7 months. The ongoing trend to see companies getting listed on the stock exchange is perhaps one of the most important phenomena of this period. Listing is an essential step in the life of any company and the most important lesson learned from these moments is that the stock market remains relevant regardless of the context”, said Radu Hanga, President of the Bucharest Stock Exchange.
At the level of all types of financial instruments traded on the BVB’s Regulated Market, the total trading value in the first seven months reached RON 14.5 billion, the equivalent of EUR2.9 billion, up 38.9% compared to the same period of 2021. The average daily trading value for all traded financial instruments exceeded RON 100 million, increasing by 39.9% compared to the January-July period of 2021.
“We have experienced an eventful year for the capital market on several fronts, and this has been reflected in the market volatility and liquidity generated in the first part of the year. The capital market in Romania has been positioned much better than other developed markets to deal with the events that have taken place so far this year. From the perspective of the BET index, the market still has to recover to reach positive territory, but from the perspective of the BET-TR index, which also includes dividends, the market is already on the plus side and we have been observing a consolidation of this growth rate. Once the financial reporting season is over, investors will be able to have a first indication of how Romanian companies could go through these moments”, said Adrian Tanase, CEO of the Bucharest Stock Exchange.
The market values of Romanian companies listed on the Bucharest Stock Exchange reached almost RON149 billion, the equivalent of EUR28.9 billion, at the end of the first seven months of 2022. This level is slightly above the one recorded at the end of 2021 when the market value of Romanian companies listed on BSE was RON141 billion, equivalent to EUR28.5 billion. The capitalization level above that of 2021 is all the more remarkable in a context dominated by the volatility in the capital markets, but also by a multitude of other external risks regarding the evolution of the coronavirus pandemic, rising inflation, the increase in interest rates, the increase in energy prices, dysfunctions in supply chains as well as fears of a possible recession in developed markets, stock market data shows.
The Romanian capital market managed to end the first seven months in positive territory when looking through the lens of total return indices, which also include dividends. For example, the BET-TR index closed the last trading session in July at a level of 23,835 points, up by 3.1% compared to the end of 2021. By contrast, the BET index, which includes the 20 most traded companies listed on BVB, is in negative territory, down 4.6% versus 2021. The biggest advance in the first seven months among stock exchange indices was 9% and it was registered by BET-NG, the index that reflects the evolution of listed companies whose main field of activity is energy and related utilities.