Bucharest Stock Exchange launches new index for energy, utility and financial stocks
<p>The Bucharest Stock Exchange (BVB) is set to launch a new index, the Bucharest Exchange Trading Energy Utilities and Financials (BET-EF), on July 29, 2024. This new index will focus on the most prominent sectors in the Romanian capital market, namely energy, utilities, and financials.&nbsp;</p>

<p>The BET-EF is a price index reflecting the performance of Romanian companies listed on the BVB's regulated market, selected based on quantitative and qualitative criteria within these sectors.&nbsp;</p>

<p>BET-EF will be a free-float market capitalization-weighted index with a variable number of constituents.&nbsp;</p>

<p>The maximum weight of any single company in the index is capped at 20%. The companies included in the index are chosen based on liquidity and free-float market capitalization to ensure that only the most liquid and substantial companies from the three sectors are represented.&nbsp;</p>

<p>BET-EF will initially include 11 companies, three of which are from the financial sector – Banca Transilvania (TLV), BRD - Groupe Société Générale (BRD), and Bucharest Stock Exchange (BVB), while the rest are energy and utility companies - OMV Petrom (SNP), Hidroelectrica (H2O), Romgaz (SNG), Nuclearelectrica (SNN), Electrica (EL), Transgaz (TGN), Transelectrica (TEL), and Premier Energy (PE).&nbsp;</p>

<p>Except for Premier Energy, all of these companies are also part of BVB's flagship index, BET.&nbsp;</p>

<p>The Bucharest Stock Exchange also has an index dedicated exclusively to the energy sector – BET-NG.&nbsp;</p>

<p>In the last 12 months, the BET index has gained 41% (not including dividends), while the BET-NG index has gained 32%.&nbsp;</p>

<p>The BET's superior performance was largely supported by the shares of the two banks – BRD (+63% year-on-year) and TLV (+58% yoy).</p>

<p><em>andrei@romania-insider.com</em></p>

<p><em>(Photo source: Inquam Photos/George Calin)</em></p>