One United Properties shares are upgraded within the FTSE Global Equity Index Series

by   CIJ News iDesk V
2022-09-20   11:55
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The shares of One United Properties were effectively upgraded within the FTSE Global Equity Index Series for Emerging Europe, moving from the small-cap to mid-cap category. The upgrade reflects the increased market capitalization of One United Properties and the solid liquidity of ONE stock on the Bucharest Stock Exchange.

”One United Properties continues excellent performance at the Bucharest Stock Exchange, growing the share of Romanian entrepreneurial companies included in the global indices. Furthermore, having finalized the newest financing round, we have increased our free float even more, welcoming new shareholders to our company in August. Pairing this with the decision of FTSE Russell to move ONE shares to a more representative category of mid-sized stock, we estimate an even increased trading activity on ONE shares in the coming period,” said Victor Capitanu, co-CEO of One United Properties.

The shares of One United Properties are included in the FTSE Global Equity Index Series as of December 21st, 2022. Initially, the shares were included, apart from FTSE Global All Cap, the FTSE Global Small Cap, the small-cap segment within the FTSE Global Equity Index universe, and FTSE Global Total Cap, which includes large, medium, small, and micro-companies. As of September 19th, 2022, ONE shares moved from the small-cap to medium-cap category, with the rest of the indices composition remaining intact.

The FTSE Global All Cap Index is a market capitalization-weighted index representing the performance of the large, mid, and small-cap stocks globally. The index covers Developed and Emerging Markets and is suitable as the basis for investment products, such as funds, derivatives, and exchange-traded funds. Six companies in the FTSE Global All Cap Index represent Romania - Banca Transilvania, MedLife, Nuclearelectrica, OMV Petrom, One United Properties and TeraPlast.

Apart from the FTSE Global Equity Index Series, ONE shares are included in the EPRA Nareit Emerging index, designed to track the performance of listed real estate companies and REITS in emerging markets, as well as multiple STOXX indices. Locally, as of September 2021, ONE shares are included in the BET, the main index of the Bucharest Stock Exchange that follows the most liquid companies, BET-TR, BET-XT, BET-XT-TR, and BET Plus indices.

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