Bucharest Stock Exchange (BVB) will launch on July 29, 2024 a new index, Bucharest Exchange Trading Energy, Utilities and Financials index (symbol: BET-EF), dedicated to the best represented sectors from the market, energy, utilities and financials sectors. BET-EF index is a price return index that reflects the performance of the Romanian companies listed on the Regulated Market of BVB, selected based on quantitative and qualitative criteria from the respective three sectors.
BET-EF is a free-float market capitalization weighted index, having a variable number of constituents and a maximum weight of 20% for an index constituent. Companies included in the index are selected based on liquidity as well as free-float market capitalization to ensure that only the most liquid and the biggest companies from the 3 sectors are included in the index.
The starting composition of the BET-EF index was determined today, July 23, 2024, during a BVB Indices Committee meeting, The reference date used in calculating the liquidity and free-float market capitalization thresholds was July 15, 2024. The decisions of the Indices Committee were the following:
- Approval of the composition of the new index Bucharest Exchange Trading Energy, Utilities and Financials (symbol: BET-EF) by including the following companies in the initial structure of the index:
- Banca Transilvania (symbol: TLV);
- OMV Petrom (symbol: SNP);
- S.P.E.E.H. Hidroelectrica (symbol: H2O);
- S.N.G.N. Romgaz (symbol: SNG);
- BRD - Groupe Societe Generale (symbol: BRD);
- S.N. Nuclearelectrica (symbol: SNN);
- Societatea Energetica Electrica (symbol: EL);
- S.N.T.G.N. Transgaz (symbol: TGN);
- C.N.T.E.E. Transelectrica (symbol: TEL);
- Premier Energy (symbol: PE);
- Bursa de Valori Bucuresti (symbol: BVB).
- Approval of the calculation date and the date of entry into force of the new structure, factors and weights of the BET-EF index:
The weights of the index constituents, the free-float factors (FFi), the representation factors (FRi) and the price correction factors (FCi) will be determined based on the number of shares and closing prices registered at the end of the trading session of July 24, 2024.
The initial structure of the new index will be announced at the end of July 24, 2024 and will become effective starting with the trading session of July 29, 2024.
Similarly to the other indices that are part of the BET index group, BET-EF will be adjusted on a quarterly basis during the BVB indices’ periodic adjustments. The index management rules as well as its dedicated section will be available on BVB’s website by the moment of the index launch.