BET Rises 1.82% as Hidroelectrica & Romgaz Boost BET-NG — NRG-IA

The Bucharest Stock Exchange started July with one of its strongest sessions of the year. The BET index, which tracks the 20 most liquid companies listed on the regulated market, rose by 1.82% to close at 33,077.97 points, a new historic high. Total trading turnover for the session reached approximately RON 121.3 million, equivalent to EUR 23.1 million. The gains were not limited to the main index. BET-TR rose by 1.97%, BET-EF by 1.88%, BET-NG by 1.83%, BET-XT by 1.71%, BET-BK by 1.11%, BET-FI by 0.81%, and the BETAeRO index climbed by 0.28%. Based on official values published by the BVB at the close of the July 1 session, all nine main index series displayed on the exchange's platform ended in positive territory. Energy rose in step with the market, but not all stocks moved in the same direction BET-NG, the index tracking energy and utility companies, gained 1.83%, marginally outperforming the BET. This performance was primarily driven by Hidroelectrica, which rose 3.01% to RON 198.80 per share, and Romgaz, which advanced 3.06% to RON 15.48 per share. OMV Petrom grew by 1.42%, Electrica by 1.47%, and Nuclearelectrica by 1.11%. Transelectrica closed near its previous session level, with a modest gain of 0.10%. Meanwhile, Transgaz fell by 0.11% and Premier Energy declined by 0.72%, indicating that the sectoral momentum was not uniform. The movements of Hidroelectrica and Romgaz carry disproportionate weight for the main index. As of July 1, OMV Petrom held a 14.77% weight in the BET, Romgaz 13.16%, and Hidroelectrica 13.15%. Together, these three companies accounted for approximately 41.08% of the BET index structure, explaining why their fluctuations can heavily influence the direction of the entire market. Banca Transilvania attracted the highest turnover The most liquid shares of the session were those of Banca Transilvania, with trades totaling around RON 38.6 million. TLV shares rose by 2.32% to RON 39.70 per share. Following closely were the BT Index Romania BET TR ETF, with a turnover of RON 11.3 million, and Hidroelectrica, with transactions nearing RON 8.3 million. Outside the main indices, the day's largest gains were recorded by Altur (+8.82%), Chimcomplex (+6.77%), and MedLife (+5.40%). At the opposite end were Carbochim, MF Capital, and UAMT. The local rally was also supported by a favorable external context There was no single energy-related event to explain the July 1 session. The upward movement in Bucharest occurred amid a favorable global backdrop for risk assets: the DAX 40 index had once again crossed the 25,000-point threshold, while the Dow Jones was trading near historic highs during the US session. In Bucharest, energy played an important role in the structure of the rally, but it was not the sole driver. The advance of Banca Transilvania, the heavy weighting of major energy companies in the BET, and strong interest in liquid stocks created a broad-based market rally rather than an isolated reaction to news from the energy sector. For investors, the key takeaway is not just the record level of the BET, but the breadth of the gains. In a single day, the energy index rose almost as much as the BET, while Hidroelectrica and Romgaz both surpassed the 3% threshold. This indicates strong appetite for large, liquid companies with strategic positions in the Romanian economy. What lies ahead for energy stocks The July 1 session alone does not establish a long-term trend. The performance of energy stocks will continue to depend on gas and oil prices, dividend policies, hydropower generation, investment schedules, regulatory decisions, and the fiscal environment. For Hidroelectrica, investors will monitor available generation in the second half of the year and the impact of hydrology on financial results. For Romgaz and OMV Petrom, the market remains focused on natural gas and oil price developments, major projects, and expectations regarding shareholder distributions. For grid operators, including Transgaz and Transelectrica, the key challenge remains their ability to translate infrastructure investments into regulated revenues and predictable financial results.