By Jerom Bolt
Romania posts the largest growth rate among the main indices of the stock exchanges within the European Union in the first 11 months as the BET index surges by about 12 percent.
Adrian Tanase, BVB CEO: On the radar of investors, we are a visible and attractive market within the European Union considering the growth rate so far this year. We are working towards improving market infrastructure and increasing financial literacy in Romania.
Lucian Anghel, BVB President: We have the highest growth in the European Union, and this is not a coincidence because most of the listed companies reported good financial results, and the consistent dividend yields contributed to an increase of the BET-TR index by 21% since the beginning of the year.
Bucharest Stock Exchange (BVB) reported a growth rate of 11.7 percent at the end of the first 11 months this year for BET Index, the main index including the most traded 15 companies listed on the local market. The increase posted by the Bucharest Stock Exchange is the largest among main indices of the capital markets of the European Union, Reuters data show. At the EU level, only 5 markets showed positive results at the end of November, and Romania was the only EU market to post a double-digit growth rate.
Only 5 capital markets within the EU posted positive results at the end of November 2018: BET (Romania):11.76%; SBITOP (Slovenia): 2.17%; BUX (Hungary): 1.86%; SAX (Slovakia): 1.34%: CYMAIN (Cyprus): 0.84%. Source: BVB, Reuters
“On the radar of investors, we are a visible and attractive market within the European Union considering the growth rate so far this year. We are working towards improving market infrastructure and increasing financial literacy in Romania. As these two components gain more traction and substance, we will benefit from a far better liquidity”, said Adrian Tanase, CEO of BVB.
“The Romanian capital market has managed to stay away from the international turmoil that has affected most of the capital markets in Europe. We have the highest growth in the European Union, and this is not a coincidence because most of the listed companies reported good financial results, and the consistent dividend yields contributed to an increase of the BET-TR index by 21% since the beginning of the year”, said Lucian Anghel, President of the Board of Governors at BVB.
BET-TR index, which also includes dividends from BET companies, went up by 21.2 percent at the end of the first 11 months as compared to the similar period from the previous year.
The average daily trading value for equities exceeded EUR 8.8 million at the end of the January-November period this year, when the investors traded equities worth EUR 2 billion.
The market capitalization of the Romanian companies topped EUR 21 billion by the end of last month, while the capitalization of all the companies listed on the Main Market of BVB exceeded EUR 36 billion at the end of the last trading session from November.
Must Read