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Thursday, March 23, 2017 
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The average daily trading value exceeds EUR 9 million BET sees 9-year high BET-TR sets new record heights

3/3/2017

  • The average daily trading value exceeds 9 million euros in February
  • Ludwik Sobolewski, BVB’s CEO: Romania has left the teRritory of low trading volumes
  • Lucian Anghel, BVB’s Chairman: Investor optimism relies on at least three factors 

 

Bucharest Stock Exchange (BVB) continues its growth in February, with several indices reaching record heights. As such, BET, which includes the top 10 most liquid shares of the companies listed on the local market, and BET-TR, which reflects the evolution of the shares included in BET and the dividends distributed to shareholders of these companies, grew last month by a solid 12.49 percent. On the 23rd of February BET ended the session at 8.045 points, at a nine-year high.

All the 10 companies included in BET grew after the first two months of the year.

Issuer (symbol)

Price per share 30.12.2016

Price per share
28.02.2017

Growth percentage (%)

28.02.2017 vs. 30.12.2016

Nuclearelectrica (SNN)

4.805

6.33

31.74%

Transgaz (TGN)

294

362

23.13%

Transelectrica (TEL)

29.2

33.5

14.73%

OMV Petrom (SNP)

0.261

0.299

14.56%

Fondul Proprietatea (FP)

0.795

0.91

14.47%

Banca Transilvania (TLV)

2.385

2.7

13.21%

Romgaz (SNG)

25

28.3

13.2%

Electrica (EL)

13.16

14.2

7.9%

Bursa de Valori Bucuresti (BVB)

29

29.3

1.03%

BRD – Groupe Societe Generale (BRD)

11.88

11.98

0.84%

 

"As the result of consequent modernization of the capital market, its growing openness to international flows of capital, its attractiveness to domestic investors, Romania is leaving the territory of low valuations and low trading activity," said BVB’s CEO Ludwik Sobolewski.

BVB’s other indices: BET-TR, BET-XT, BET-XT-TR and BET-Plus have also reported historic record values. BET-TR’s last month best performance was recorded on the 23rd of February, when it closed the session at 9.937 points.

"Investors are now rewarded for their trust in the capital market. The market shows an outstanding dynamics as it exceeded in just eight weeks the level even the most optimistic analysts had predicted for the end of the year. We believe the macroeconomic evolution far above the economic growth within the European Union, the payment of consistent dividends following the positive yearly financial results and the perspective to upgrade Romania to the Emerging Market status, grounded investors’ optimism," said BVB’s chairman Lucian Anghel. "The returns obtained from the dividends and share prices neared 30% in the last three years if we take into account the evolution of the BET-TR index, to which it adds up about 12% from the first two months," Anghel added.

The daily average trading value has exceeded EUR 9 million, an increase of 14.83% as compared to January 2017 and and impressive 62.5% growth over February 2016. The total trading value for equities went up by 35% to EUR 8.5 million at the end of the forst two months as compared to the similard period last year.  

At the end of February 2017, the market capitalization of all listed companies on the Bucharest Stock Exchange was RON 153 billion, a level corresponding to a figure of over EUR 33.9 billion. Out of this amount, the market capitalization of Romanian companies was RON 84 billion or EUR 18.6 billion.