CAPITAL MARKET MOVING NEWS
ECONOMY
-Fitch Ratings has revised the Outlook on Romania’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable, and affirmed the IDR at ‘BBB-‘.
-Romania’s industrial sales (on the domestic and external markets) grew by 5.2% in nominal terms in October 2024 on a monthly basis and by 8.2% on an annual basis, data from the National Institute of Statistics (INS) showed.
-Turnover in market services provided to population went down as a gross series, by 1.1% in the first ten months of 2024, and as a series adjusted depending on the number of business days and seasonality, by 0.9%, on an annual basis, INS data revealed.
-In January-October 2024, the volume of construction works, as a gross series, decreased overall by 4.1% on an annual basis, due to a decline in maintenance and current repairs (-9.2%) and new construction works (-4.1%), INS data showed.
-The volume of turnover in wholesale and retail trade, maintenance, and repair of motor vehicles and motorcycles, as a gross series, recorded a 2.4% increase in the first ten months of 2024 compared to the same period in 2023, INS said.
FINANCE
-The European Investment Bank (EIB) is lending Distributie Energie Electrica Romania (DEER), the distribution operator within the Electrica Group, €200 million to upgrade its electricity distribution network covering 40% of Romania and serving approximately 4 million households and businesses, EIB said.
COMPANIES
-E-commerce continues to grow at a fast pace in Romania, with 73% of internet users making online purchases in 2024, the Romanian Association of Online Stores (ARMO) said citing the National Institute of Statistics (INS) data.
-Consulting platform Termene.ro which offers Romanian companies a quick and easy access to official financial, fiscal and legal data estimates to reach a turnover of over RON17 million at the end of this year, up 27% vs 2023, and a net profit of over RON2.5 million, Ziarul Financiar reported.
-Romania’s media market is set to end 2024 on a steady growth trend, despite economic and geopolitical challenges, and will reach around EUR778 million, up 11%, topping previous estimates, the annual Media Fact Book by Initiative Romania reveals.
REAL ESTATE
-Investors regard the evolution of their portfolios in the next 12 months with optimism, showing a clear improvement from the previous year, according to Real Estate Investors Sentiment Barometer by Cushman & Wakefield Echinox, as 64% of respondents expect an increase in portfolio value and 30% expect stagnation.
TODAY’S MARKET DATA
EXCHANGE RATE OF THE NATIONAL LEU CURRENCY
| EUR 4.9755 | GBP 6.0232 |
| USD 4.7397 | CHF 5.3041 |
| BGN 2.5439 | MDL 0.2585 |
(Source: National Bank of Romania BNR)
BUCHAREST STOCK EXCHANGE (BVB) INDICES
| BET -2.30% BET-TR -2.30% BET-FI -0.78% BET-NG -2.13% BET-EF -2.26% BET-XT -2.10%, BET-BK -1.93% BET AeRO -1.16% ROTX -2.31% |
CAPITAL MARKET COMMENTARY
| Bucharest stocks closed extending their losses on Wednesday with the benchmark BET index shrinking by 2.30% as investors exercised caution ahead of the U.S. Federal Reserve’s last policy announcement of the year. Transport Trade Services led bluechip decliners, tanking 5.04%. |
BET Index Constituents
| Company | Price | Change (%) |
|---|---|---|
| ANTIBIOTICE S.A. | 2.5700 | -1.53 |
| AQUILA PART PROD COM | 1.1850 | -4.82 |
| BANCA TRANSILVANIA S.A. | 27.0000 | -3.05 |
| BRD – GROUPE SOCIETE GENERALE S.A. | 18.6200 | -1.48 |
| C.N.T.E.E. TRANSELECTRICA | 37.9000 | -2.70 |
| Digi Communications N.V. | 64.8000 | -0.92 |
| FONDUL PROPRIETATEA | 0.3164 | -3.54 |
| MedLife S.A. | 5.8500 | -1.52 |
| OMV PETROM S.A. | 0.7175 | -2.38 |
| ONE UNITED PROPERTIES | 0.3995 | -4.65 |
| Premier Energy PLC | 19.6000 | 0.00 |
| PURCARI WINERIES PUBLIC COMPANY LIMITED | 14.7800 | -0.81 |
| S.N. NUCLEARELECTRICA S.A. | 41.5500 | -1.66 |
| S.N.G.N. ROMGAZ S.A. | 5.3000 | -2.39 |
| S.N.T.G.N. TRANSGAZ S.A. | 22.7000 | -2.37 |
| S.P.E.E.H. HIDROELECTRICA S.A. | 121.2000 | -1.94 |
| SOCIETATEA ENERGETICA ELECTRICA S.A. | 13.0800 | -1.80 |
| Sphera Franchise Group | 39.9000 | -1.24 |
| TERAPLAST SA | 0.4280 | -2.17 |
| TTS (TRANSPORT TRADE SERVICES) | 4.7100 | -5.04 |
