Total transactions on Bucharest Stock Exchange, up 5% in the first 7 months
The transactions with all the types of financial instruments traded on the Bucharest Stock Exchange (BVB) totaled EUR 1.38 billion in the first 7 months of the year, up 5% compared to the same period of last year.
The equities segment dominated the market transactions, with a total of EUR 1.28 billion, a slight 0.35% increase year-on-year.
The average daily trading value was close to the level of EUR 9 million in January-July 2020.
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, according to BVB representatives.
"The new fiscal stimuli packages, 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 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.
(Photo source: Inquam Photos/Diana Oros)