Acasă » General Interest » OMV Petrom and Teraplast shares enter FTSE indices for emerging markets and strengthen Romania’s contribution

OMV Petrom and Teraplast shares enter FTSE indices for emerging markets and strengthen Romania’s contribution

23 August 2021
Economics&Markets
energynomics

The shares of OMV Petrom and TeraPlast will be included, from September 20, in the FTSE Emerging Markets Index, joining the shares of Banca Transilvania and Nuclearelectrica. Romania thus consolidates its share in the FTSE Russell indices, having five companies present in all indices of the global supplier: Banca Transilvania, Nuclearelectrica, OMV Petrom, TeraPlast and Bittnet.

Inclusion of the shares of OMV Petrom, the largest energy company in South-Eastern Europe, and TeraPlast, the leader of the PVC pipe market and one of the most important players on the Romanian installations market, in the FTSE Global Equity Index Series was decided by the global index provider following the half-yearly review, and announced on Friday.

“The FTSE decision to include OMV Petrom in All-Cap indices and, at the same time, the transition of TeraPlast from FTSE Global Micro-Cap to FTSE Global All-Cap validates the potential of the Romanian capital market and its dynamism,” said Radu Hanga, President of the Stock Exchange. Bucharest Values (BSE).

OMV Petrom was listed on BSE on September 3, 2001 and is the largest Romanian company on the Bucharest Stock Exchange, with a capitalization of 23.7 billion lei (4.8 billion euros), at the end of Friday’s stock exchange meeting. “We appreciate the inclusion of OMV Petrom shares in the FTSE Russell indices, which demonstrate the attractiveness of our company’s shares as an investment option. This is the result of our continuous effort to improve operational and financial performance and increase the transparency of our company. By including in these indices, we expect a further increase in the attractiveness of OMV Petrom’s shares for a wider and more diversified base of investors “, said Alina Popa, Chief Financial Officer, member of OMV Petrom’s Management Board.

The promotion of Romania by FTSE Russell, on September 21, 2020, among the Emerging Markets opened the way for the capital market to a much wider investment universe, and with the increase in the number of investors, the demand for assets listed on BSE is higher.

At the end of the stock exchange meeting on Friday, August 20, 2021, the capitalization of all companies listed on the Bucharest Stock Exchange was 213.6 billion lei (42.3 billion euros), with almost 50% (69.7 billion lei / 12.3 billion euro) above the level of September 18, 2020, prior to the effective promotion to the status of Emerging Market (143.9 billion lei – 30.9 billion euros).

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