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Tuesday, September 29, 2020 
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Total trades on the Bucharest Stock Exchange go up by 5 percent in the first 7 months to EUR 1.38 billion

8/18/2020

  • The total trading value for all the financial instruments traded on the Bucharest Stock Exchange (BVB) in the first 7 months of the year accounted for RON 6.67 billion, or EUR 1.38 billion, up 5% from the same period last year.
  • Radu Hanga, BVB President:
    • The new packages of fiscal stimuli, together with the perspective of improving the public health status at international level, can significantly influence the evolution of the capital markets. Regarding what we can influence locally in the capital market, we have received signals from the investment community that more and more Romanians are closer to the stock market and have become investors.
    • The opening of online accounts, for which we awarded at the July ceremony the brokers who had this system implemented, is a facility that the Romanian public needed all the more in this context. Digitization is the strategic pillar of the stock market development and has been extremely well highlighted by the current situation: online is becoming the "new normal" in the capital market.
  • Adrian Tanase, BVB CEO:
    • Local investors are waiting for the end of the financial reporting season in order to have a clear picture of the evolution of listed companies, and the data for the second quarter are relevant for a better perspective on the impact of the pandemic on businesses. It is important to have confidence in the Romanian companies and in their ability to manage risks and identify opportunities in the current context.
    • Also in July, we made an important step regarding the Central Counterparty, a benchmark project with benefits for the entire financial community in Romania, and signed the contract through which specific services for the CCP activity would be provided by CC&G, part of the London Stock Exchange Group.

 

The first 7 months of the year were marked by episodes of increased volatility, especially at the end of the first quarter but the market regained its balance afterwards. Traditionally, the summer months display tranquillity in terms of the volatility experienced by the local capital market, and July was no exception to this trend. Overall, the transactions with all the types of financial instruments traded on the Bucharest Stock Exchange (BVB) totaled RON 6.67 billion in the first 7 months of the year, the equivalent of EUR 1.38 billion, an increase of 5% compared to the same period of the year previous. The equities’ segment dominated the market transactions, with a total of RON 6.19 billion, or EUR 1.28 billion, a slight increase of 0.35% compared to the first 7 months of the previous year. The average daily trading value was close to the level of EUR 9 million in January-July 2020, an increase of 0.35% compared to the same period last year. The capital markets in the European Union are, for the most part, below the highs reached at the beginning of the year. The Romanian market is in the same situation, and now it has entered into a consolidation stage.

"The new packages of fiscal stimuli, together with the perspective of improving the public health status at international level, can significantly influence the evolution of the capital markets. Regarding what we can influence locally in the capital market, we have received signals from the investment community that more and more Romanians are closer to the stock market and have become investors. The opening of online accounts, for which we awarded at the July ceremony the brokers who had this system implemented, is a facility that the Romanian public needed all the more in this context. Digitization is the strategic pillar of the stock market development and has been extremely well highlighted by the current situation: online is becoming the "new normal" in the capital market", said Radu Hanga, President of the Bucharest Stock Exchange.

"Local investors are waiting for the end of the financial reporting season in order to have a clear picture of the evolution of listed companies, and the data for the second quarter are relevant for a better perspective on the impact of the pandemic on businesses. It is important to have confidence in the Romanian companies and in their ability to manage risks and identify opportunities in the current context", stated Adrian Tanase, CEO of BVB.

As far as the project to further develop the market infrastructure in order to allow the relaunch of the derivatives market, the Bucharest Stock Exchange Group through CCP.RO BUCHAREST S.A. signed a landmark agreement with Cassa di Compensazione e Garanzia (CC&G), a leading provider of post trade services, and part of London Stock Exchange Group (LSEG that will provide consultancy and technological support to clearing and risk management services that will be managed by the Romanian company. 

"Also in July, we made an important step regarding the Central Counterparty, a benchmark project with benefits for the entire financial community in Romania, and signed the contract through which specific services for the CCP activity would be provided by CC&G, part of the London Stock Exchange Group", BVB’s CEO further said.