ASF: Total value traded on BVB in first semester increased by almost 30%

The total value traded on the regulated market and on the Multilateral Trading System (SMT) reached 20.31 billion RON at the end of June 2025, up almost 30% compared to the corresponding period in 2024, according to the Report on the evolution of the capital market in the first 6 months of the year, prepared by the Financial Supervisory Authority (ASF).According to a press release from the ASF, the local capital market recorded positive developments in the first half of 2025, with the stock market capitalization on the regulated market reaching 396.15 billion RON at the end of June, up by approximately 13% compared to the level recorded at the end of 2024.Most of the indices of the Bucharest Stock Exchange (BVB) recorded positive developments at the end of June 2025 compared to the end of the previous year. The BET benchmark index, which reflects the dynamics of the most traded companies on the regulated market of the Bucharest Stock Exchange (BVB), recorded an increase of approximately 12% compared to December 31, 2024.At the same time, the total number of transactions carried out during the first half of 2025 decreased by 14% compared to the same period of the previous year. Of the total value of transactions, approximately 98.9% were carried out on the BVB regulated market, the rest being carried out on the SMT.The value of government securities transactions, as of June 30, 2025, increased compared to the same period in 2024, reaching a level of approximately 6.22 billion RON. Shares remain the dominant financial asset class, with a share of almost 36% of the total value traded on the BVB by the end of the first semester of 2025.At the end of June 2025, the most active intermediaries on the BVB (regulated market and SMT) were financial investment services companies, the value intermediated by them being approximately 23.4 billion RON. Local intermediaries (SSIF and credit institutions) achieved approximately 93% of the total intermediated value. At the same time, intermediaries authorized in other European Union member states held a market share of 6%, their activity being mainly concentrated within investment firms.SSIFs had in custody, at the end of June 2025, a cumulative value of assets of 47.97 billion RON, representing both client cash and financial securities held by them. The cumulative number of active client accounts of SSIFs at the end of the first semester was 139,700.The total value of the assets of collective investment undertakings (CIUs) in Romania as of June 30, 2025 was approximately 47.8 billion RON, up by approximately 8% compared to the end of 2024. At the end of the first semester, 20 administrators were operating on the Romanian market, of which 6 were exclusively authorized as investment management companies (SAI), 6 were exclusively authorized as alternative investment fund administrators (AFIA), and 8 had dual authorization.An analysis focused on categories of collective investment undertakings shows that, in the first six months of 2025, compared to the end of 2024, increases in total assets were recorded for UCITS (9.19%), PF (0.44%) and SIs (8.47%) and decreases in total assets for AIF (-3.27%).As of June 30, 2025, the top three SAIs managed approximately 74.79% of UCITS assets and 69.9% of AIF assets. At the same time, the net assets of the seven SIs totaled approximately 16.59 billion RON, up over 8% compared to the end of 2024, when a level of 15.34 billion RON was recorded.