Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. ROCA Industry benefits from the Issuer Market Maker...

ROCA Industry benefits from the Issuer Market Maker services provided by BRK Financial Group starting with March 12

April 16, 2024

  ROCA Industry (BVB:ROC1), a Romanian construction materials holding company listed on the Main Market of the Bucharest Stock Exchange (BVB), benefits as of March 12, from the Issuer Market Maker services provided by BRK Financial Group. ROCA Industry has been present on the capital market since January 2022, following the listing on BVB's AeRO market, and from March 11, 2024, it became a Main Market listed company. The company closed the first trading day on the Main Market with a market capitalization of RON 216.3 mn.   ‘Just one day after the debut on the Regulated Market of the stock exchange, ROCA Industry announces the signing of a partnership with BRK Financial Group for Issuer Market Maker services, which demonstrates the company's interest in increasing liquidity. We are glad that the ROCA Industry team chose to go in the direction of increasing the performance of their shares on the capital market and the degree of representativeness on the stock exchange. BRK Financial Group is still the most active intermediary on the stock exchange to stimulate liquidity and we thank them for their involvement in promoting this service among issuers’, said Adrian Tanase, CEO Bucharest Stock Exchange.   ‘The partnership with BRK Financial Group is a natural step for a company listed on the BVB’s Regulated Market, through which we intend to provide the tools to improve liquidity and reduce volatility, thus offering our shareholders a more stable environment for trading ROC1 shares. This not only facilitates trading for investors, but also strengthens our position on the capital market’, said Ioan-Adrian Bindea, General Manager ROCA Industry.   The ROC1 share is the 18th share of a BVB listed company for which BRK Financial Group offers Issuer Market Maker services. The total number of financial instruments listed on both BVB’s markets benefiting from the Issuer Market Maker services reaches 26.   ‘We conclude a new partnership within the Issuer Market Maker program with ROCA Industry, a newly promoted issuer on the main segment of the Bucharest Stock Exchange. Good liquidity contributes in the long run to reducing volatility and, implicitly, the associated risk. Our commitment within this partnership consists in listing a minimum volume of 2,800 shares, both buy and sell, at a spread of maximum 4%, and a market presence of at least 90% of the trading sessions’, said Paul Stiopei, Operations Director BRK Financial Group.   The IMM is the participant in BVB’s trading system that has taken on the role of sustaining the liquidity of a financial instrument.   About ROCA Industry ROCA Industry owns, directly and indirectly, a number of 9 significant players in the construction industry: BICO Industries (the first and largest national producer of fiberglass mesh and the only domestic producer of fiberglass reinforcement), EVOLOR (one of the largest players in the paint and varnish production industry), ECO EURO DOORS (the largest Romanian producer of doors for residential construction), WORKSHOP DOORS (the second largest Romanian producer of doors for residential buildings), DIAL (producer of metal wire products), ELECTROPLAST (one of the most important producers of electrical cables), as well as glass fibre producers Terra, Europlas and Iranga, through BICO Industries. About BRK Financial Group BRK Financial Group was established as a joint-stock company on October 26, 1994, and is one of the largest brokerage companies in Romania. With extensive experience in the capital market, it is also the first and, to date, the only financial investment services company listed on the Bucharest Stock Exchange's premium category (symbol: BRK). BRK Financial Group S.A. is a MiFID II investment firm, authorized and supervised by the Financial Supervisory Authority. The core activity of BRK Financial Group is structured into two business segments: the brokerage segment and the trading segment. In the trading segment, the company engages in proprietary trading, market-making operations, and transactions involving structured products. On the brokerage segment, the company handles client transactions, including corporate operations.  

Read in full - click here
Concorde sees 26% growth potential for shares of Romanian telco Digi

Analysts of the Concorde Securities brokerage house, based in Budapest, reiterate their buy recommendation and maintain the target price of RON 84 (versus RON 66.4 current market price) for the shares of the telecommunications operator Digi Communications (BVB: DIGI). The potential return thus amounts to 26.5%.  "Key performance indicators are largely in line with our […]

Finnish Terveystalo reportedly in talks to take over Romanian medical services provider Regina Maria

The Terveystalo Group, the largest private healthcare operator in Finland, is reportedly in talks to take over Romanian peer Regina Maria in a deal estimated at EUR 1.0-1.2 billion from the investment fund Mid Europa Partners, according to Ziarul Financiar. The exit process envisaged by Mid Europa Partners...

Romanian CEC Bank expands MTN Programme to EUR 1.5 bln

CEC Bank, the largest state-owned bank in Romania, announced on November 19 at the Bucharest Exchange (BVB) that it prepared a prospectus to update the existing medium-term bond program (MTN Programme), approved by the Luxembourg financial sector supervisor (CSSF), in the sense of increasing its planned size from the equivalent of EUR 600 million to […]

Romania gives EUR 70 mln grants to replace closed sunflower oil plants

Grants in total amount of RON 350 million (EUR 70 million) were given to two Romanian entrepreneurs under the Investalim scheme aimed at the food industry for developing two sunflower refining plants in Agigea (Constanta County) and Tantareni (Gorj County) under two projects with a total value of RON 650 million. The investments come after […]

After Moody's, Fitch brings Banca Transilvania's shares in the investment grade territory

Fitch Ratings improved the rating of Romanian financial group Banca Transilvania (BVB: TLV) from BB+ to BBB-, with a stable outlook, bringing the bank's shares in the investment grade area. The Viability Rating (VR) has been upgraded to bbb- from bb+. One week earlier, Moody's confirmed its rating for TLV at the equivalent level (Baa3), furthermore […]

Campaigning PM says Romania will join Schengen with its land borders on January 1, 2025

Romania will join the Schengen Area with its land borders starting January 1, 2025, according to Romanian prime minister and Social Democrat (PSD) leader Marcel Ciolacu, who was on a visit to Brussels on Monday, November 18.  The Romanian PM said during an interview that the decision regarding Romania’s accession with land borders will be […]