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About SSIF Romcapital S.A. index

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SSIF Romcapital S.A. index was created in 2009 to describe the evolution of the Bucharest Stock Exchange, including both shares traded on the market REGS, and in a lesser extent, shares traded on the RGBS market.


SSIF Romcapita S.A.is a price index weighted by the market category and market liquidity of the listed companies. The index can be watched in real time on the site www.romcapital.ro. Start date for the index is 16.02.2009.


Index structure is as follows:

  • 60% is represented by companies traded on the REGS market other than SIF’s
  • 30% is is represented by SIF’s
  • 10% is represented by companies traded on the RGBS market.

The structure of the index is updated quarterly, the share of each company represented in the index can take values between 1 and 10, the sum of weights is 100.


Choosing the shares traded on the market REGS was made based on liquidity recorded in the last 12 months, the most liquid 20 companies being chosen . The most liquid company received the highest weight, while the company with the transacted value below 50,000,000 RON/year received a weight of 1. The other companies have received weights, according to their liquidity situation between the minimum and maximum values. Each of the SIF’s has a weight of 6% of the index.


Companies traded on the RGBS market(5 in number) each have a weight of 2 and, they are chosen from the10 most traded in the last year on the RGBS market.


In case of corporate events (increase of capital, capital reduction, stock split, consolidation of the nominal value), we will proceed to the adjustment of the index with an adjustment factor in order to ensure index continuity. Also, in the case of changing the index structure, we will proceed at index adjustment.


The start value of the index was 1000 points.


Based on the SSIF Romcapital S.A. index, will be calculated the following indicators for valuation of the market:

  • PER, based on the weighted average of thecompanies PER included in the index, companies which have gained profits in the last 4 quarters, excluding values of PER over 30, will be taken into account of the net profits made by companies in the last 4 quarters
  • Price/Net assets value(NAV), based on the weighted average of NAV value for the companies included in the index, in the calculation of NAV we will take account of equity from the last quarterly report
  • PSR, based on the weighted average of the companies PSR included in the index, will be taken into account the turnover made by companies in the last 4 quarters.

Index evolution Evaluation Indexes table