Romania consolidates its weight in the FTSE Russell indices with five companies in the FTSE Global All Cap Index: Banca Transilvania, Nuclearelectrica, OMV Petrom, Teraplast and One United Properties, plus two companies in the FTSE Global Micro Cap index: Bittnet Group and TTS.
One United Properties and Transport Trade Services shares will be included, as of December 20, in FTSE indices for Emerging Markets, FTSE Global All Cap and FTSE Global Micro Cap, respectively.
One United Properties is the fifth Romanian company included in FTSE Global All Cap indices, joining Banca Transilvania, Nuclearelectrica, OMV Petrom, and TeraPlast.
Transport Trade Services is the second Romanian company in FTSE Global Micro Cap indices, joining Bittnet.
FTSE Russell’s decision comes in less than 6 months after the listing of the two companies on the Main Market: TTS went public on June 14, ONE on July 12.
The inclusion of One United Properties (ONE), a real estate developer of premium residential projects and Transport Trade Services (TTS), one of the largest freight carriers on the Danube river, in the FTSE Russell index series dedicated to Emerging Markets was decided by the global index provider following the quarterly review announced on Friday, November 19. Thus, starting with December 20, 2021, ONE will be part of the FTSE Global All Cap indices, while TTS will be part of the FTSE Global Micro Cap indices.
‘FTSE's decision on the inclusion of One United Properties and Transport Trade Services in their Emerging Markets indices confirms once again the Romanian capital market potential and its dynamics. This year, TTS and ONE have kicked off their public offerings on the main segment of the stock exchange and now, a few months after the listing, they are strengthening Romania's position in the FTSE Russell indices. We are glad to be present in the FTSE indices with seven companies, from various fields, from energy and finance, to IT, industrial production, real estate and transport’,
said Radu Hanga, President of the Bucharest Stock Exchange.
One United Properties was listed on July 12, following an initial public offering worth RON 260 mn. At the end of Friday's trading session, the company had a market capitalization of RON 2.9 bn (EUR 589 mn).
‘The inclusion in FTSE Russell’s Emerging Markets indices has been our goal for this year and we are thrilled that we are the fifth Romanian company to be included in the Global All Cap index. Liquidity, alongside the implementation of the highest corporate governance standards, has been our top priority since the debut on the Bucharest Stock Exchange and we are glad that our efforts have been recognised by FTSE Russell. Our plans in for the capital market do not stop here as we will continue to set ambitious goals for 2022 both in terms of financial results and the ways in which we can contribute to increase the visibility of the Romanian capital market on the global arena’,
said Victor Capitanu, co-founder of One United Properties.
Transport Trade Services shares have been included in the FTSE Global Micro Cap indices, where Bittnet is also present since March 2021. Similarly, TeraPlast was included in the FTSE Global Micro Cap indices and later promoted to the FTSE Global All Cap indices. TTS went public on June 14, following a secondary public offering worth RON 288 mn. At the end of Friday's trading session, the company had a market capitalization of RON 687 mn (EUR 138.8 mn).
‘On behalf of our shareholders and the management, I would like to thank to all the investors who trusted TTS and our growth plans in the real economy and on the Bucharest Stock Exchange. Our investors are the ones who brought TTS's stock to this point, of being included in the FTSE Global Micro Cap indices, also registering a good performance in terms of liquidity and stock return. So far, the evolution on the Bucharest Stock Exchange gives us confidence in our journey. We assure all investors of our full diligence to bring good results for all TTS shareholders’,
said Petru Stefanut, Transport Trade Services CEO.
Romania’s upgrade by FTSE Russell, on September 21, 2020, among the Emerging Markets, has opened the way for the local capital market to a wider investment universe and, with the increase in the number of investors, the demand for the assets listed on Bucharest Stock Exchange has increased.
‘We are glad that in one year since Romania's inclusion in the FTSE Russell Emerging Markets indices, we now have seven companies that represent our capital market and I am convinced that, together, we can support the interest of the institutional investors. The inclusion in the FTSE Russell indices, shortly after the listing of the two companies, is a positive sign not only for the market, but also for all the entrepreneurs who are considering the listing on BVB. This news confirms once again that our efforts to improve liquidity are delivering results and I am referring here to the Issuer's Market Maker program, the increase in the number of companies covered by analysts’ reports through BVB Research Hub, as well as the promoting of these companies among investors and through the implementation of ESG standards’,
said Adrian Tanase, Bucharest Stock Exchange CEO.
At the end of the trading session of November 19, 2021, the market capitalization of all companies listed on the Bucharest Stock Exchange was RON 235 bn (EUR 47.5 bn), 63% above the level from September 18, 2020, prior to the effective promotion to Emerging Market status.