BVB, the largest growth rate among main indices of EU capital markets in Q1

Bucharest Stock Exchange (BVB) reported a 12.4 percent growth rate at the end of the first quarter this year for BET Index, the main index including the most traded 13 companies listed of the local market, a press release informs.

Thus, it reached a peak of 8,816 points, the highest value posted in the last 11 years. The increase posted by BVB is the largest among main indices of the capital markets of the European Union, Reuters data show, as only 9 EU markets saw their main indices go up in the first three months of the year.

“Bucharest Stock Exchange reached an 11-year high in the first quarter, as the interest for the capital market revamped among investors. Therefore, the Romanian capital market has taken a leading position regarding the increases of the main indices from stock exchanges across the European Union as it had reported a two-digit growth,” Adrian Tanase, CEO of BVB said.

Basis effect aside, the dividends have significantly contributed to the consistent growth of the Romanian stock exchange.

“The very good financial results reported by the vast majority of listed companies and generous investors’ dividends, coupled with positive economic prospects, have supported the upward trend in the stock price of listed companies so this explains why the Romanian stock market had a significant growth in the first three months of this year,” said Lucian Anghel, President of the Board of Governors at BVB.

BET-TR index, which also includes dividends from BET companies, also went up by 12.4 percent at the end of the first quarter as compared to the similar period from the previous year to close the trading session from March 30th at a level of 11,231 points.

The average daily trading value for equities exceeded EUR 11.5 million at the end of the January-March period this year or 23 percent above the level posted in the same period one year before. All in all, the investors traded equities worth over EUR 700 million or 20 percent over the first three months of last year.

The market capitalization of the Romanian companies topped EUR 21.5 billion by the end of March 2018, while the capitalization of all the companies listed on the Main Market of BVB neared EUR 39 billion at the end of the last trading session from March.

11-year highAdrian TanaseBET companiesBET indexBET-TR indexBucharest Stock Exchange (BVB)CEO of BVBdaily trading valueEU capital marketslisted companies upward trendLucian AnghelMain Market of BVBmarket capitalizationPresident of the Board of Governors at BVBRomanian capital marketRomanian stock exchangestock price
Comments (0)
Add Comment