BVB’s total transactions value in July reached a huge increase of 186 pc yoy

Bucharest Stock Exchange (BVB) recorded transactions of almost RON 1.3 billion in July, equivalent to EUR 280 million, a press release informs. Compared to June of this year, the value of transactions increased by 22 percent, and compared to July 2016 the increase was 186 percent.

Regarding the structure of transactions, July saw a strong advance of the fixed income segment (bonds), amid the unfolding of UniCredit Bank’s bond issue offers (RON 610 million or EUR 134 million). Almost half of the total value of transactions on the local capital market came from the bond segment.

“After the dividend season, the bond season has began. There will be more issues of bonds. This proves that investors have more and more confidence in the Romanian economy and the capital market. A developed capital market cannot exist without a market of debt instruments such as bonds. If investors buy bonds, this means that they understand and accept all the local risks reflected by bond interests,” Ludwik Sobolewski, CEO of BVB said.

In turn, Lucian Anghel, President of BVB points out that the recent transactions involving bonds are a positive message sent by Romania to investors that the Bucharest market has the ability and the necessary tools to absorb significant transactions whether they are issues or sales of shares or bonds.

The main market index, BET, recorded a surge of 16.8 percent in the first seven months of this year. At the same time, BET-TR, the index that reflects the dividends from the companies included in BET index, increased by 24.7 percent. The average daily trading value exceeded EUR 9.25 million at the end of January-July 2017, up by 34 percent over the same period last year. At the end of July, the market value of the Romanian companies listed on BVB went over EUR 20.2 billion.

BETBET-TRbond issue offersBucharest Stock Exchange (BVB)capital marketCEO of BVBcompanies listed on BVBLucian AnghelLudwik Sobolewskimain market indexPresident of BVBtotal transactions value
Comments (0)
Add Comment