Banca Transilvania, historic high on BVB

Banca Transilvania (TLV – stock ticker) reached new historic high on Bucharest Stock Echange (BVB) last week, after the Constitutional Court (CCR) decided on February 7 that the conversion of loans in Swiss francs at historical rates is unconstitutional, Puls Capital analysis shows.

“Banca Transilvania has reached a level of RON 2.5450/share if we adjust the prices of past, with capital increases. (…)The news was good for Banca Transilvania, which had an exposure to CHF loans following Volksbank takeover, the bank shares increasing by 2.69 percent on Tuesday’s session after CCR decision,” the document reads.

Last week, the traded total value was RON 197.05 million.

The value of shares transactions amounted to RON 185.10 million, up by 38.24 percent than the previous week. The most important exchanges were on Banca Transilvania securities, worth RON 60.09 million, Fondul Proprietatea – RON 31.22 million, BRD-SG – RON 19.56 million, Cemacon – RON 15.53 million, Electrica – RON 14.16 million.

In the week under review, 53 titles had positive developments, 7 were stable and 17 -negative developments.

At the same time, BET index reached 7668.55 points, 2.35 percent above the level reached at the end of the previous week.

The highest increases among local bluechip were registered on the Banca Transilvania titles, Transelectrica and BRD, of 6.51 percent, 4.83 percent and 3.16 percent respectively. At the opposite end were the Nuclearelectrica titles, with a variation of -0.82 percent, and Proprietatea Fund securities, which stalled, according to the quoted analisys.