In May 2022, BET decreased by 1.7%, while in the first 5 months of 2022, it decreased by 5.2%, ending May at 12,509.77 points.
The Bucharest Stock Exchange has published its monthly trading data for May 2022. In the report, they highlight the fact that almost 118,000 transactions were made (+44.6% YoY). Also, number of retail investors keeps going up – almost 90,000 Romanian investors are currently trading on the stock exchange. In total, the equity turnover in May amounted to EUR 138.6m, which would translate into an average daily turnover of EUR 6.30m.
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 5.5% in May 2022. Looking at the Romanian blue chips (which constitute the BET index), on a MoM basis, only 3 out of 20 experienced positive change in May, with Romgaz being the only one to remain unchanged MoM.
Breaking this down further, Banca Transilvania experienced the largest increase, growing by 6.3%, followed by One United Properties with 4.0%, and Nuclearelectrica, with 1.1% MoM increase. On the flip side, BRD lost -18.7%, Sphera lost -15.7%, while Alro lost -11.6%. If we were to look at how the companies performed in the first five months of 2022, there are some changes. If we looked at it this way, only 5 out of 20 BET constituents experienced growth. First among them is Romgaz, with a 18.9% increase, followed by BVB with 11.6%, Transgaz with 7.2%, One United Properties, with 8.8% and Transgaz with 7.2% YTD. On the other hand, Purcari lost -39.3%, BRD lost -30.5%, Teraplast lost -29.5%, Alro lost -29.3%, Sphera lost -22.3% and Aquila lost -14.6%.
Performance of BET constituents in May 2022 (%)
In total, the BET index ended May with 12,509.77 points, reporting a slight MoM decrease (-1.7%), but losing -5.2% 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.