BVB Monthly Report November

Transcription

1 BVB Monthly Report November

2 NOVEMBER AT FULL THROTTLE ON BUCHAREST STOCK EXCHANGE: SHARES OF TWO COMPANIES GET LISTED, BONDS FOR ANOTHER TWO START TRADING Two companies listed their shares on BVB last month: Transilvania Broker de Asigurare and Sphera Franchise Group Two issuances of bonds started trading in November: Investia Finance and Bittnet Systems BET index maintains a growth of 10 percent, BET-TR which includes the dividends goes up by 20 percent, BET-FI surges by 30 percent Lucian Anghel, BVB: The local stock exchange now counts 88 issuers, after five companies listed their shares on the Main Market in the past 12 months, a performance in the history of the stock exchange. We hope the listings will continue in 2018 Two companies got listed on Bucharest Stock Exchange (BVB) last month alone: Transilvania Broker de Asigurare and Sphera Franchise Group. Shares of Transilvania Broker de Asigurare, a leading insurance brokerage company, began trading on the Main Market of BVB from November 2, 2017, under the symbol TBK. The company sold 625,000 shares or 25% of its equity. The price per share from the offer was RON 15.5 lei, and it amounted to RON per share after applying the 7 percent promotional discount, making the value of the offer exceed RON 9 million. Transilvania Broker became the first insurance brokerage company in Romania to be listed on BVB. The shares of Sphera Franchise Group, one of the most important foodservice operators in Romania, started trading BVB from November 9, 2017, under SFG symbol. The company, which manages restaurants under the KFC, Pizza Hut and Taco Bell brands, became the first listed foodservice operator on BVB. The final offer price for the 9.83 million shares issued by Sphera within the secondary initial public offer was set at RON 29 per share. At this price, the value of the offer exceeded RON 285 million (equivalent to EUR 62 million). "The Bucharest Stock Exchange kept on accelerating at full throttle this November as the stock market witnessed two listings of shares worth a total of EUR 64 million, and EUR 1.2 million for the bonds segment. The Romanian stock market, therefore, reached 88 issuers at the end of last month, after five companies had listed on the Main Market in the past 12 months, which is a performance for the local stock exchange. We hope the listings will continue in 2018 and new companies to go public," said Lucian Anghel, President of the Board of Governors at BVB. Also this November, two issuances of bonds took place on BVB. The corporate bonds of Investia Finance S.A., symbol INV22, started trading on the Alternative Trading System of BVB from November 27, The issuance comprised 10,000 bonds, non-guaranteed, RON denominated, with a nominal value of RON 100 and a total value of RON 1 million. The yearly interest rate is 7 percent, and the maturity date is March, The corporate bonds of Bittnet, symbol BNET22, started trading on the Alternative Trading System of BVB from November 28, The issuance comprised 45,000 bonds, non-guaranteed, RON denominated, with a nominal value of RON 100 and a total value of RON 4.5 million. The yearly interest rate is fixed at 9 percent, and the maturity date is September, BET, the main index of the market, which measures the evolution of the 13 most liquid companies listed on BVB, managed to keep an increase of 10% after the first 11 months. Therefore, BET closed the month of November at 7,796 points, 700 points above the level posted at the beginning of the year. During the same period of time, BET-TR, the index which includes the dividends paid by the companies from the BET index, grew by about 20 percent, up to a level of 10,483 points. BVB Monthly Report November

3 Among all indices from BVB, BET-FI, the index mirroring the evolution of the financial investment companies (SIFs) and Fondul Proprietatea, posted the greatest increase of all as it went up by nearly 30 percent, to 38,466 points. The total trading value of equities exceeded EUR 2 billion on BVB by the end of November, up by 16% as compared to the first 11 months of the previous year. The average daily trading value for equities amounted to about EUR 9.3 million by the end of the first 11 months of this year. Therefore, the average daily trading value went up by 18 percent as compared to January-November The market capitalization of the Romanian companies was EUR 19.8 billion, while the capitalization of all the companies listed on the Main Market of BVB accounted for EUR 35.6 billion. BVB Monthly Report November

4 Market news Bucharest Stock Exchange (BVB) informs that, as of November 23, 2017, the shares of the issuers for which the legal transfer operations on ATS Sibex have been completed are available for trading in accordance with the incumbent provisions of the Financial Supervisory Authority. The shares of these issuers are traded on the basis of the auction model within the Financial Instruments Section listed on ATS BVB, AeRO - Base Category. The list of shares of the issuers which will begin trading can be found here. *** On November 20, 2017, Bucharest Stock Exchange (BVB), fundamental institution of the capital market, celebrated 22 years from the moment the first transaction took place. The stock exchange was reopened on November 20, 1995, and during the first session 45 transactions were performed with a total of 905 shares belonging to 6 listed companies: TMK ARTROM (ART), COMELF (CMF), UAMT (UAM), Carne Arad (CRN), IAIFO (IAI) and Sanevit Arad (SAN). Out of them, the first three are still trading today on BVB s Main Market. By the end of 1995, a total of 5 trading sessions had taken place at BVB, 379 transactions were performed, and had a total volume of 42,761 shares worth RON 250,000. By the end of 1995, 9 companies had been listed on BVB and had a market capitalization of RON 25.9 million. Currently, over 36.7 million shares issued by 88 companies listed on the Main Market are traded on average per day. By the end of November, 230 trading sessions took place, over 750,000 transactions were recorded with over 8.35 billion shares, with a cumulative value of RON 11 billion. BVB Monthly Report November

5 BVB Monthly Report Trading value on BVB Regulated Spot Market NOVEMBER 2017 A. Summary of Main Indicators 1. Trading value on the BVB s Regulated Spot Market for November 2017 compared with October 2017 Total trading value November 2017 Total trading value October 2017 % Change RON mil. EUR mil. RON mil. EUR mil. RON EUR Financial instruments already issued / registered 1, Equities Bonds , , Unit funds, ETF Structured products New Issues and further issues , , Equities , , Bonds Total Regulated Spot Market, out of which: 1, Total Equities 1, Total Bonds , , Trading value on the BVB s Regulated Spot Market for November 2017 compared with November 2016 (YoY) Total trading value November 2017 Total trading value November 2016 YoY % Change RON mil. EUR mil. RON mil. EUR mil. RON Financial instruments already issued / registered 1, Equities Bonds , Unit funds, ETF Structured products New Issues and further issues Equities Bonds Total Regulated Spot Market, out of which 1, Total Equities 1, BVB Monthly Report November

6 Total Bonds , The value traded on the BVB s Regulated Spot Market for January - November 2017 compared with January - November 2016 (YTD) Total trading value January - November 2017 Total trading value January - November 2016 YTD % Change RON mil. EUR mil. RON mil. EUR mil. RON Financial instruments already issued / registered 10, , , , Equities 9, , , , Bonds Unit funds, ETF Structured products New Issues and further issues 1, , Equities 1, Bonds , Total Regulated Spot Market, 12, , , , out of which: Total Equities 11, , , , Total Bonds 1, , The average daily value on the BVB s Regulated Spot Market for November 2017 compared with October 2017 Average daily value November 2017 Average daily value October 2017 % Change RON mil. EUR mil. RON mil. EUR mil. RON EUR Financial instruments already issued / registered Equities Bonds , , Unit funds, ETF Structured products New Issues and further issues Equities , , Bonds 5. The average daily value on the BVB s Regulated Spot Market for November 2017 compared with November 2016 (YoY) age Average daily value November 2017 BVB Monthly Report November Average daily value November 2016 YoY % Change RON mil. EUR mil. RON mil. EUR mil. RON Financial instruments already issued / registered Equities Bonds , Unit funds, ETF

7 Structured products New Issues and further issues Equities Bonds 6. The average daily value YTD on the BVB s Regulated Spot Market Average daily value YTD 2017 Average daily value YTD 2016 YTD % Change RON mil. EUR mil. RON mil. EUR mil. RON Financial instruments already issued / registered Equities Bonds Unit funds, ETF Structured products New Issues and further issues Equities Bonds The evolution of indices Index Value for 11/30/2017 % Change November 2017 % YTD Index values fornovember 2017 RON EUR RON EUR RON EUR minimum maximum BET 7, , , , BET-TR 10, , , , BETPlus 1, , , , BET-FI 38, , , , BET-XT BET-BK 1, , , , BET-XT-TR 1, , BET-NG ROTX 16, , , Market Indicators RON mil. EUR mil. Market capitalization (regulated market) 165, , Market capitalization (domestic market) 92, , velocity (regulated market) velocity (domestic market) BVB Monthly Report November

8 PER P/BV 0.93 DIVY 7.18 B. Specific Market Indicators 1. Trading value and market capitalization by activity sector Sector Trading value (RON mil.) Market capitalization (RON mil.) PER PBV DIVY FINANCIAL AND INSURANCE ACTIVITIES , MINING AND QUARRYING , MANUFACTURING , TRANSPORTATION AND STORAGE , PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY HUMAN HEALTH AND SOCIAL WORK ACTIVITIES , , CONSTRUCTION WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES ACCOMMODATION AND FOOD SERVICE ACTIVITIES Other , Note: - PER is calculated based on market capitalization of companies which recorded profit - P/BV and DIVY are computed for domestic companies 2. Top 5 listed shares by turnover November 2017 (RON mil.) (EUR mil.) Weight in total turnover shares (%) TLV BANCA TRANSILVANIA S.A BVB Monthly Report November

9 FP FONDUL PROPRIETATEA SNG S.N.G.N. ROMGAZ S.A BRD BRD - GROUPE SOCIETE GENERALE S.A SNP OMV PETROM S.A Top 5 listed shares with highest increase November 2017 End of period return (%) YTD (%) Low price (RON) High price (RON) Last price (RON) ART TMK - ARTROM S.A ENP COMPANIA ENERGOPETROL S.A ALU ALUMIL ROM INDUSTRY S.A ALR ALRO S.A NAPO SOCIETATEA DE CONSTRUCTII NAPOCA SA Top 5 listed shares by market capitalization 11/30/2017) Market capitalization RON mil. EUR mil. % RON P/BV PER (RON) DIVY (RON) EBS Erste Group Bank AG 73, , SNP OMV PETROM S.A. 16, , SNG S.N.G.N. ROMGAZ S.A. 12, , TLV BANCA TRANSILVANIA S.A. 9, , BRD BRD - GROUPE SOCIETE GENERALE S.A. 9, , Top 5 structured products by turnover November 2017 (RON mil.) (EUR mil.) Weight in total turnover structured products (%) BVB Monthly Report November

10 EBDAXTL58 EB DAX TURBO LONG 0,01/11450/ EBDAXTS57 EB DAX TURBO SHORT 0.01/14,100/13, BKDOWTS44 BRK Dow Turbo Short BKDOWTS43 BRK Dow Turbo Short EBWTITS27 EB WTI TURBO SHORT 0.10/50.97/ Top 5 bonds products by turnover November 2017 (RON thous.) (EUR thous.) Weight in total turnover Bonds (%) IAS28A MUNICIPIUL IASI 64, , IAS28 MUNICIPIUL IASI 51, , ALB26 CONSILIUL JUDETEAN ALBA 24, , ALB27 PRIMARIA MUNICIPIULUI ALBA IULIA 17, , TGM27A MUNICIPIUL TARGU MURES 16, , Unit funds (including ETF) by turnover November 2017 TVBETETF FOND DESCHIS DE INVESTITII ETF TRADEVILLE for the month (RON thous.) (EUR thous.) Weight in total turnover Unit funds, ETF (%) STK STK EMERGENT BTF FONDUL INCHIS DE INVESTITII BET FI INDEX INVEST IPO, SPO and other offer markets November 2017 Instrument type Type of offer (RON mil.) SFG Sphera Franchise Group Shares IPO BVB Monthly Report November

11 9. New listings for November 2017 Instrument type Listing Date TBK TRANSILVANIA BROKER DE ASIGURARE Shares 11/2/2017 BKDOWTS44 BRK Dow Turbo Short Structured 11/9/2017 SFG Sphera Franchise Group Shares 11/9/2017 BKDOWTL47 BRK Dow Turbo Long Structured 11/9/2017 BKDOWTS43 BRK Dow Turbo Short Structured 11/9/2017 BVB Monthly Report November

12 Methodological notes Section A. Summary of Main Indicators 1. Financial instruments already issued this category includes all the statistical data related to the existing financial instruments, regardless of the type of the operations carried out. The total values traded as well as the average daily value for this category are based on: trading operations performed on regular, deal; offers and operations performed with the existing financial instruments such as: buy offer, takeover offer, secondary offer for selling the existing financial instruments, other methods of selling the existing financial instruments, offers without prospectus or with simplified prospectus for currently issued financial instruments. 2. New issues and further issues this category contains the statistical data related to the issuance of new instruments based on the primary / initial offers as well as data regarding the increase of the capital for already listed companies, based on further issues. This category is related to the capital raised by the issuers. 3. The total value traded is single counted. 4. The total value traded expressed in EUR is calculated considering the daily EUR value, based on the currency rate available for each trading session. 5. Equities includes shares and rights. 6. Bonds includes all types of bonds available for trading at BVB (municipal, corporate, government securities). Section B. Specific Market Indicators Trading value displayed in this section for a financial instrument includes the turnover registered in all market in which the respective financial instrument is traded. Bucharest Stock Exchange undertakes all the reasonable efforts to ensure that data included in this document was correct at the time of publication. However, Bucharest Stock Exchange shall not be responsible or liable for decisions taken or system-related or other activity performed by any part based on this report. BVB Monthly Report November