Hidroelectrica (H2O), leader in electricity production and the main provider of technological services required in the National Energy System and the largest Romanian company listed on the Bucharest Stock Exchange (BVB), benefits from Friday, March 7, from Issuer Market Making services offered by BRK Financial Group.
The Issuer Market Maker is the participant in the BVB trading system who has assumed the role of supporting the liquidity of a financial instrument.
In total, 24 financial instruments listed on the stock exchange benefit from Issuer Market Making services: 23 on the Regulated Market and one on the AeRO market.
“By concluding the market making contract with BRK Financial Group, Hidroelectrica implements a strategic measure to support the liquidity of shares and increase visibility among investors. This initiative reaffirms the company’s commitment to shareholders and investors, ensuring adequate market depth and contributing to the development of an efficient and transparent trading environment,” said Kàroly Borbèly, CEO of Hidroelectrica.
“Since the establishment of the Issuer Market Maker (IMM) program, whose precise purpose is to create the premises for improving market liquidity, today, 24 listed companies benefit from this program. We welcome the decision of Hidroelectrica, the largest Romanian company listed on the stock exchange, in terms of market capitalization, to contract SME services. Taking into account the fact that last year, the company’s share was the second most traded share on the BVB, to which is added the launch of specific actions to increase liquidity, such as the SME contract concluded with BRK Financial Group, this creates the context for supporting liquidity and increasing the attractiveness of Hidroelectrica among investors,” added Adrian Tănase, General Manager of the Bucharest Stock Exchange.
“First of all, we congratulate Hidroelectrica for having resorted to the services of a market maker and we hope that the results of this partnership will be as visible as possible in the shortest possible time, in terms of improving liquidity from all angles (traded volume, number of transactions, market depth and trading spread). We will display firm buy and sell quotes with a minimum quantity of 11,000 shares at a maximum spread of 2.5%,” said Monica Ivan, CEO of BRK Financial Group.
The Hidroelectrica security is the 17th financial instrument of a publicly listed issuer for which BRK Financial Group provides Issuer Market Maker services.
Hidroelectrica debuted on the Bucharest Stock Exchange in July 2023 following the largest IPO ever made on the exchange, worth 1.9 billion euros. In 2023, it was the largest IPO in Europe that year and the 4th in the world. Currently, Hidroelectrica is the largest Romanian company listed on the exchange in terms of market capitalization, representing 14% of the total market capitalization. Last year, Hidroelectrica’s stock was the second most traded stock on the BVB, with investors making transactions worth 2.7 billion lei.