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Thursday, October 24, 2019 
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Bucharest Stock Exchange sees strong boost in the first half as the index including the dividends goes up by nearly 30 percent

7/24/2019

  • The BET index, including the most-traded 16 companies, went up by nearly 20 percent in the first six months. It is the second-largest growth pace among the main indices of the stock exchanges from the European Union.
  • BET-TR index, which includes the dividends paid by the companies from the BET index, surpassed the 14,000-point ceiling for the first time in history following an increase of 30 percent since the beginning of the year.
  • Adrian Tanase, BVB CEO: The local capital market grew strong in the first half of the year, mainly for two reasons. On the one side, the dividends coupled with the results of the Romanian companies appealed to investors, on the other side let’s remember that this accelerated growth came as a result of a base effect because the market was very low at the end of last year. Romania has been linked to the upward trend in international markets, some of them reaching new highs.
  • Lucian Anghel, BVB President: Investors of all types are attracted to both the share price increase and the generous dividends offered by BVB listed companies. The nearly 30 percent return in the first half for the BET-TR index, which includes dividends, is an attractive proposal that Romania makes to those who hold capital. Moreover, the BET-TR index reached all-time highs and Romania reconfirms its growth potential to investors.

 

The Bucharest Stock Exchange (BVB) went deep in the positive territory as all the indices posted double-digit growth rates in the first half. The BET index, which mirrors the evolution of the most-traded 16 companies except for the Financial Investment Companies, went up by around 20 percent in the first six months. It is the second-largest growth pace among the main indices of the stock exchanges from the European Union. The BET-Total Return (BET-TR) index, which also includes the dividend paid by the companies included in the BET index, broke the 14,000-point ceiling in June for the first time in its history. That is nearly 30 percent up since the beginning of the year.

"The local capital market grew strong in the first half of the year, mainly for two reasons. On the one side, the dividends coupled with the results of the Romanian companies appealed to investors, on the other side let’s remember that this accelerated growth came as a result of a base effect because the market was very low at the end of last year. Romania has been linked to the upward trend in international markets, some of them reaching new highs", said Adrian Tanase, CEO of BVB.

"Investors of all types are attracted to both the share price increase and the generous dividends offered by BVB listed companies. The nearly 30 percent return in the first half for the BET-TR index, which includes dividends, is an attractive proposal that Romania makes to those who hold capital. Moreover, the BET-TR index reached all-time highs and Romania reconfirms its growth potential to investors", said Lucian Anghel, President of the Board of Governors of BVB.

The average daily trading value exceeded EUR 11.5 million in June. From the beginning of the year until the end of June, the total trading value for all the financial instruments exceeded EUR 1.1 billion.

At the end of the first half, the market value of the Romanian companies listed on BVB amounted to EUR 20.8 billion as compared to EUR 18.1 billion at the end of last year, which corresponds to an increase of 15 percent. The capitalization of all the companies listed on the Main Market of BVB accounted for EUR 34.8 billion at the end of the last trading session from June, compared to EUR 30.6 billion, which is 14 percent over the level from last year.