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Bucharest Stock Exchange closes January 2018 in positive territory

2/9/2018

  • Lucian Anghel, BVB President: The total trading value for equities exceeded EUR 200 million in January, amid increased investor activity
  • Adrian Tanase, BVB CEO: We have a journey ahead to reach our maximum potential when it comes to market turnover. On the other hand, we are optimistic as more and more companies are interested in listing on BVB

 

Bucharest Stock Exchange (BVB) ended January 2018 with an increase of almost 8%, after BET index, the main index of the local capital market, closed las month at a level of 8,370 points. It is the best first month of the past six years for BET index. The advance on the Bucharest Stock Exchange is the second largest among the member states of the European Union, with a higher growth rate being recorded in January 2018 only by the Athens Stock Exchange, Reuters data show.

BET-TR index, which also includes dividends from BET companies, rose 8 percent last month to reach 11,256 points.

"The total trading value for equities exceeded EUR 200 million in January, amid increased investor activity. The average daily trading value amounted to EUR 10.4 million in January or EUR 1 million below the previous year's average," said Lucian Anghel, President of the Board of Governors at BVB.

"It is a strong start for the year, but it is not enough, to lead the local market to the maximum turnover potential that can be achieved once we implement new measures to support its development. We are optimistic as more and more companies are interested in listing on BVB," said Adrian Tanase, CEO of BVB.

The market capitalization of the Romanian companies was EUR 21.1 billion by the end of January 2018, while the capitalization of all the companies listed on the Main Market of BVB accounted for EUR 38.5 billion.

*Note: The data in the market report for January 2018 are valid exclusively for the respective month. From the beginning of the year 2018 till the end of February 8, 2018, BET index reported a growth in excess of 3%.