OMV Petrom released a statement yesterday in which they announced their entrance into the several FTSE Russell Emerging Markets indices.

According to a statement released on the BVB yesterday, OMV Petrom will be included into several FTSE Russell Emerging Markets Indices. These indices are: FTSE Global All-World, FTSE Global All-Cap, FTSE Global Total-Cap and FTSE Global Mid Cap.

For inclusion in the FTSE indices, companies must meet various criteria, one of the most important being liquidity, namely that in 10 of 12 months of the reference period (in this case July 1, 2020 – June 30, 2021), the ratio between the monthly median of the daily trading values and the stock free float market capitalization should be higher than 0.05%.