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The BET index of the Bucharest Stock Exchange inches closer to the 10000-point ceiling after the first 11 months

12/20/2019

  • The BET index, which includes the most-traded 16 companies listed on the Romanian stock exchange, except for the Financial Investment Companies, closed at 9,886 points in the last trading session of November or 34 percent up this year alone.  
  • Adrian Tanase, BVB CEO: The Romanian stock market has reaffirmed its solid growth fundamentals this year, and investors appreciated as extremely positive that 15 of the 16 companies included in the BET index were profitable in the first three quarters. At a general level, Romania is now positioned as one of the most attractive capital markets in the world, both in terms of the growth pace as well as in terms of the dividend yield. We are an inch close to ending one of the best years for the Romanian stock exchange. The Romanian business environment has proven that it is capable of delivering exceptional performance when provided with a predictable framework. It is the fundamental feature that Romania needs in order to grow in 2020 as well.

 

The Romanian capital market is displayed on the investors’ radar as it has shown significant growth rates this year. At the Bucharest Stock Exchange (BVB), the BET index went up to 9,886 points at the end of the last trading session from November, a level that has not been seen since 2007. This year alone, the BET index, which includes the most-traded 16 companies listed on the Romanian stock exchange, except for the Financial Investment Companies, surged by 34 percent. The BET - Total Return index (BET-TR), which also includes the dividends paid by the companies from the BET index, went up by over 45 percent in the first 11 months of the year. By comparison, at the end of the same period last year, the BET index was up by 11.7 percent, while BET-TR was up by over 21 percent. Following the Governmental Emergency Ordinance number 114 from December 2018, the BET index displayed a decrease of about 5 percent at the end of 2018, while BET-TR had lost almost all its growth, but managed to keep a plus of 4 percent.

"The Romanian stock market has reaffirmed its solid growth fundamentals this year, and investors appreciated as extremely positive that 15 of the 16 companies included in the BET index were profitable in the first three quarters. At a general level, Romania is now positioned as one of the most attractive capital markets in the world, both in terms of the growth pace as well as in terms of the dividend yield. We are an inch close to ending one of the best years for the Romanian stock exchange. The Romanian business environment has proven that it is capable of delivering exceptional performance when provided with a predictable framework. It is the fundamental feature that Romania needs in order to grow in 2020 as well," said Adrian Tanase, CEO of BVB.

The Romanian capital market is undergoing one of the best market phases in its modern history. Romania was promoted to the Secondary Emerging Market status by the global index provider FTSE Russell. The decision will come into effect in September 2020. BVB and eight other organizations from the energy and financial fields established CCP.RO Bucharest S.A. on November 4, 2019, the company that will host the infrastructure that will relaunch the derivatives market in Romania and will provide new mechanisms for mitigating and transferring the risks for the markets operated by BVB and OPCOM, thus enhancing the confidence and activity in these markets.