Trading statistics for February 2020 show an average daily turnover of EUR 9.04m (-54% YoY).

The Bucharest Stock Exchange published their trading statistics for February 2020, showing an average daily turnover of EUR 9.04m, representing a decrease of 54% YoY.

When observing the top traded shares, one can notice that Banca Transilvania recorded the highest turnover of RON 240.7m. Fondul Proprietatea follows with a turnover of RON 135m. Next come BRD with RON 105m and Romgaz with 93m.

In February, it appears that markets in general have started to give a heavier weight to potential risks relating to Coronavirus. Besides that, the regional market seems to have witnessed a spillover of the sentiment on global markets, which have also been observing many trading days in red in late February.

As a result of the above mentioned, the market cap of the BVB recorded a decrease of 9.9% MoM, amounting to EUR 33.7bn. Of the equity market capitalization, Erste Group Bank accounts for 38.35%. Omv Petrom and Romgaz follow with 12.4% and 7.8%, respectively. Two Romanian banks follow – Banca Transilvania and BRD, which account for 7.53% and 6.21%, respectively. These five companies account for roughly three quarters of the market capitalization.

Turning our attention to the main index of the BVB, in February, BET observed a sharp decrease of 9.04%, ending the month at 9.121,27 points.

It is important to note that all BET index constituents ended the month in red, with 4 of them recording a double-digit drop. Romgaz recorded the highest decrease of 15.5%, followed by Alro which recorded a 15% drop.

Share Price Performance of BET Constituents in February (%)