In March, BET decreased by 0.03%, ending the month at 12,712.06 points.
The Bucharest Stock Exchange has published its monthly trading data for March 2022. During the first three months of 2022, trading activity significantly intensified compared to Q1 2021. In the report, they highlighted that the value of transactions executed in the first three months of this year with the shares of companies listed on the Bucharest Stock Exchange is higher than the value from the first 6 months of 2021. Compared to Q1 2021, the total trading value for equity transactions rose by 105% and totaled more than RON 5bn RON (over EUR 1bn).
Total equity turnover in Q1 2022 amounted to EUR 1.02bn, which was approximately EUR 16.2m per day. The top shares that had the highest turnover in March 2022 were Banca Transilvania (EUR 76.4m or 22.9% of total equity turnover), OMV Petrom (EUR 36.8m or 11% of total equity turnover), BRD (EUR 32.9m or 9.9% of total equity turnover), MedLife (EUR 31.8m) and Fondul Proprietatea (EUR 31.7m).
Looking over at the BET constituents, we can conclude that 11 out of 20 companies had positive returns in March 2022, marking the month as one of recovery. The largest relative growth was experienced by BVB, which managed to achieve a double-digit (+11.2%) growth. Following them, we have Medlife with a return of 7%, Nuclearelectrica with 6.8%, Transgaz and Fondul, with 6.5% and 6.46%, respectively. On the flip side, BRD decreased by -12.1%, Teraplast lost 9.6% of its value, while Purcari and Transport Trade Services lost 7.5% and 6%, respectively.
Following the drop that was experienced in February after the start of the Russian invasion of Ukraine, the continuation of the said conflict, and the inflationary pressures (especially on food and energy prices), March was a month when it could be said that the situation on the market started normalizing. However, given the current uncertainty, the situation could change quickly and deteriorate further. Taking all of this into account, the BET index remained at almost the same level as at the end of February, ending March at 12,712,06 points, a drop of only -0.03% MoM.