The representation of the Romanian equity market in the MSCI indices increases -2 new companies will be included in the indices starting with November 26th, according to a press release from National Bank of Romania sent to NINE O’CLOCK on Friday, 08 November 2024.
The shares of two new companies listed on the Bucharest Stock Exchange, namely Turbomecanica (TBM) and Prebet Aiud (PREB), will be included in the MSCI Frontier IMI and MSCI Romania IMI indices, that include Small Cap, Mid Cap and Large Cap companies. They will be joined also by TeraPlast (TRP), a company that is currently part of the MSCI Frontier and MSCI Romania indices, which include only Mid Cap and Large Cap companies. TeraPlast will be excluded from these indices and included in the MSCI Frontier IMI and MSCI Romania IMI indices, as the company’s capitalization was below the maintenance threshold for Mid Cap determined by MSCI within the framework of this review.
Thus, the representation of the Romanian equity market in the MSCI Frontier Markets indices will increase from 32 to 34 companies. The changes follow as a result of the the quarterly index review conducted by global index provider MSCI that were published on Wednesday, 6th of November.
MSCI is one of the leading providers of global benchmark indices. Romania is currently classified by MSCI as a Frontier Market.
In the MSCI indices dedicated to Frontier Markets, Romania will be represented starting with November 26, 2024, by 34 listed companies:
Alro (ALR), Banca Transilvania (TLV), BRD Groupe Societe Generale (BRD), Conpet (COTE), Compa (CMP), Digi Communications (DIGI), DN Agrar Group (DN), Hidroelectrica (H2O), IAR SA Brasov (IARV), Impact Developer and Contractor (IMP) Nuclearelectrica (SNN), OMV Petrom (SNP), Romgaz (SNG), Electrica (EL), MedLife (M), One United Properties (ONE), Teraplast (TRP), Transelectrica (TEL), Transgaz (TGN), TTS Transport Trade Services (TTS), Arobs Transilvania Software (AROBS), Bittnet Systems (BNET), Bursa de Valori Bucuresti (BVB), Prebet Aiud (PREB), Prospectiuni (PRSN), Purcari Wineries (WINE), Safetech Innovations (SAFE), Simtel Team (SMTL), Sphera Franchise Group (SFG), 2B Intelligent Soft (BENTO), Premier Energy (PE), Electromagnetica (ELMA), Iproeb Bistrita (IPRU) and Turbomecanica (TBM).
On the other hand, Romania is classified as an Emerging Market by the global indices provider FTSE Russell, being represented in these indices by 11 companies:
Banca Transilvania, Electrica, Hidroelectrica, MedLife, Nuclearelectrica, OMV Petrom, One United Properties, Teraplast, Bursa de Valori Bucuresti, Purcari Wineries and Transport Trade Services.
The inclusions and exclusions following the November 2024 quarterly index review by global index provider MSCI can be found HERE (MSCI Frontier) and HERE (MSCI Frontier IMI).
11/9/2024
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