Romgaz, among the performers of the Stock Exchange; the FTSE announcement didn’t surprise the market

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Bogdan Tudorache

The FTSE announcement regarding the advancement of the local stock exchange to the emerging status has not surprised the market. The value of the transactions carried out on the regulated market of the Bucharest Stock Exchange (BVB) decreased by 2%, from 222.81 million lei in the period 16 – 20 September, to 218.31 million lei last week, according to information published on the site of the Bucharest Stock Exchange, and Romgaz was among the most liquid titles.

Between September 23 and 27, 10,914 shares exchanges were registered, compared to 11,134 transactions in the previous week, and the capitalization of the companies listed on the regulated market decreased slightly, totaling 170.31 billion lei, according to Agerpres.

The best trading day was Friday, September 27, when 3,558 transactions were registered with shares totaling 72.33 million lei.

On Thursday evening, the global index provider FTSE Russell promoted Romania to the Emerging Market status from the Frontier Market, the decision being taken after Romania was on the monitoring list for three years. The rating agency for the capital market announced that the shares of the Romanian companies Romgaz, Banca Transilvania and BRD-Groupe Societe Generale met the eligibility criteria of the FTSE Global All Cap Index on June 28, 2019. The reclassification of the status will take effect in September next year.

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