BVB main index recovers ground with 5 pct rise in March

Newsroom 05/04/2016 | 18:26

The Bucharest Stock Exchange (BVB) recovered most of the losses from previous months in March, its main index registering an increase of 5.45 percent, according to the BVB monthly report.

This was in line with most regional markets, with only Bulgaria seeing a drop in its main index (down 0.79 percent), while Hungary stood at the other pole, with an impressive 11.74 percent rise.

The value of transactions with shares increased in March to RON 541.9 million (EUR 121.3 million) from RON 528.7 million (EUR 117.9 million) in February 2016. The turnover of shares is approximately 32 percent below the level recorded in the same period of 2015.

Average daily trading value was over RON 23.6 million (EUR 5.2 million) in March 2016, down from the one recorded in February 2016.

In terms of total shares, fund units, bonds and structured products, a total of almost RON 591.3 million (EUR 132.4 million) was traded, similar to February.

The market capitalization of all companies listed on the Bucharest Stock Exchange was RON 132.8 billion (EUR 29.7 billion) in February 2016. Of this amount, the market capitalization of Romanian companies was RON 72.4 billion (EUR 16.1 billion), up from the previous month.

In January, the most traded five actions were: Banca Transilvania (TLV), Fondul Proprietatea (FP), Electrica (EL), BRD-Groupe Societe Generale (BRD), Romgaz (SNG) and OMV Petrom (SNP), with a total value of approximately RON 400 million.

BET Total Return (BET-TR) ended March with an identical advance as the BET. The BET-TR index is reflecting the evolution of ten most liquid stocks listed on the Bucharest Stock Exchange, included in the BET and dividends distributed to shareholders by these companies.

Natalia Martian