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Increase of 8 pc for BVB at end-January

By Anca Bernovici
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Bucharest Stock Exchange (BVB) ends January 2018 with an increase of almost 8 pc, after BET index, the main index of the local capital market, closed last month at a level of 8,370 points.

It is the best first month of the past six years for BET index, a press release reads.

The advance on BVB 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.

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.

“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,” Adrian Tanase, CEO of BVB, also stated.

 

 

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Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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