In April 2022, BET increased by 0.1%, while in the first 4 months of 2022, it decreased by -2.59%, ending April at 12,723.23 points.
The Bucharest Stock Exchange has published its monthly trading data for April 2022. In the report, they highlight the fact that the first four months (and especially April) experienced an increase in volatility, which led to liquidity spikes on the BVB. To be exact, a 67% increase YoY compared to the same period of 2021. This led to a cumulative value of over RON 9bn (EUR 1.85bn) for all types of financial instruments. In total, the equity turnover in April amounted to EUR 103.7m, which would translate into an average daily turnover of EUR 4.94m.
It should also be noted that the largest volatility was experienced by the BET-NG index, an index that tracks energy and related activities. In total, this index increased by 5% in April 2022. Looking at the Romanian blue chips (which constitute the BET index), on an MoM basis, only 9 out of 20 experienced positive change, with Aquila being the only one to remain unchanged MoM.
Breaking this down further, Transgaz experienced the largest increase, growing by 12.9%, followed by Romgaz with 12.4%, and Digi, with 6.9%. On the flip side, Purcari lost -12.3%, Med life lost -10.5%, while Teraplast lost -7.5%. If we were to look at how the companies performed in the first four months of 2022, there are some changes. If we looked at it this way, only 7 out of 20 BET constituents experienced growth. First among them is Romgaz, with a 15.4% increase, followed by BVB with 12.9%, Sphera Franchise Group with 6%, and One United Properties, with 4.9%. On the other hand, Purcari lost -34.7%, Teraplast lost -22.7%, Transelectrica lost -14.7%, while Medlife lost -14.6%.
Performance of BET constituents in April 2022 (%)
In total, the BET index ended April with 12,723.23 points, remaining roughly unchanged MoM (+0.1%), but losing -2.59% of its value from the beginning of the year till the end of the month. The high volatility and uncertainty recorded on the Romanian market is something that is also evident in other Stock Exchanges across Europe, but also the US. With high inflation, the Russia-Ukraine conflict as well as the proximity of Romania to Ukraine, there are a lot of factors that are negatively influencing the Romanian equity market.
