- The shares of four other companies listed on the Bucharest Stock Exchange (BVB) will be included in the MSCI Frontier IMI and MSCI Romania IMI (Investable Market Index) in the Small Cap category.
- Shares of a company already included in the MSCI indices, Transport Trade Services (TTS), will be upgraded from Small Cap to Mid Cap/Large Cap and will be part of the MSCI Frontier and MSCI Romania indices.
- Aquila (AQ) shares will be excluded from the MSCI indices.
- Romania will thus have, from 1 March 2024, a number of 26 listed companies part of the MSCI frontier indices.
Romania's equity market presence in the MSCI indices will increase to 26 companies from 1st of March 2024, following the quarterly index review conducted by global index provider MSCI in February this year.
According to the announcement available at this LINK, Romania will have four new companies listed in the MSCI Frontier IMI and MSCI Romania IMI indices in the small cap category. They are:
- 2B INTELLIGENT SOFT (BENTO)
- COMPA (CMP)
- DN AGRAR GROUP (DN)
- PROSPECTIUNI (PRSN)
At the same time Transport Trade Services (TTS) shares will be upgraded from Small Cap to Mid Cap / Large Cap and will be part of the MSCI Frontier and MSCI Romania indices which include only Mid Cap and Large Cap companies. The MSCI announcement is available at the following LINK.
Also, according to the same announcement, the shares of Aquila Part Prod (AQ) will be excluded from MSCI Frontier Small Cap and MSCI Romania Small Cap indices as the market capitalization of the company exceeded the maximum allowed threshold of these indices.
In the MSCI Frontier Markets indices, Romania is represented also by Banca Transilvania (TLV), BRD Groupe Societe Generale (BRD), Hidroelectrica (H2O), Nuclearelectrica (SNN), OMV Petrom (SNP), Romgaz (SNG), Electrica (EL), MedLife (M), One United Properties (ONE), Teraplast (TRP), Transelectrica (TEL), Transgaz (TGN), TTS Transport Trade Services (TTS), Arobs Transilvania Software (AROBS), Bittnet Systems (BNET), Bursa de Valori Bucuresti (BVB), Conpet (COTE), Purcari Wineries (WINE), Safetech Innovations (SAFE), Simtel Team (SMTL), Sphera Franchise Group (SFG).
MSCI is one of the leading providers of global benchmark indices. Romania is currently classified by MSCI as a Frontier Market.
On the other hand, Romania is classified as an Emerging Market by the global indices provider FTSE Russell, being represented by 13 companies: Banca Transilvania, Hidroelectrica, MedLife, Nuclearelectrica, OMV Petrom, One United Properties, Teraplast, Aquila Part Prod, Bittnet Systems, Bursa de Valori Bucuresti, Conpet, Purcari Wineries, Sphera Franchise Group.