The shares of two companies listed on the Bucharest Stock Exchange (BVB) - Turbomecanica and Prebet - will be added as of November 26 to the MSCI Frontier and MSCI Romania Investable Market Indices, that include Small Cap, Mid Cap and Large Cap issuers, the BVB announced on Friday.
Also, TeraPlast (TRP) will be deleted from the MSCI Frontier and MSCI Romania indices that only include Mid Cap and Large Cap companies, and included instead in the MSCI Frontier IMI and MSCI Romania IMI, as its capitalization was below the Mid Cap threshold established by MSCI within the present review.
Thus, the number of Romanian companies in the MSCI Frontier Markets indices will increase from 32 to 34 starting on November 26, 2024, following the quarterly review carried out this month by the global index provider and published on November 6.
MSCI is a global leader in benchmark indices. In the current MSCI classification, Romania has Frontier Market status.
The Romanian companies included in the MSCI Frontier Markets indices as of November 26 will be as follows: Alro, Banca Transilvania, BRD Groupe Societe Generale, Conpet, Compa, Digi Communications, DN Agrar Group, Hidroelectrica, IAR SA Brasov, Impact Developer and Contractor, Nuclearelectrica, OMV Petrom, Romgaz, Electrica, MedLife, One United Properties, Teraplast, Transelectrica, Transgaz, TTS Transport Trade Services, Arobs Transilvania Software, Bittnet Systems, the Bucharest Stock Exchange, Prebet Aiud, Prospectiuni, Purcari Wineries, Safetech Innovations, Simtel Team, Sphera Franchise Group, 2B Intelligent Soft, Premier Energy, Electromagnetica, Iproeb Bistrita, and Turbomecanica.
On the other hand, Romania is classified as an Emerging Market by international index provider FTSE Russell, and is represented here by 11 listed companies: Banca Transilvania, Electrica, Hidroelectrica, MedLife, Nuclearelectrica, OMV Petrom, One United Properties, Teraplast, the Bucharest Stock Exchange, Purcari Wineries, Transport Trade Services.
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