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Tuesday, October 23, 2018 
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The total return index of the Bucharest Stock Exchange surges by 17 percent in the first nine months to reach all-time highs

10/11/2018

  • Bucharest Stock Exchange keeps on growing steadily in the first nine months as the total return index BET-TR grows by 17 percent
  • Lucian Anghel, BVB President: BET-TR should be the first index investors should watch in order to evaluate the yield of the main listed companies as the dividend component is significant
  • Shares’ value from the main index BET goes up by 8.5%, the second largest growth pace among the main indices of the stock exchanges from the European Union
  • Adrian Tanase, BVB CEO: The Bucharest Stock Exchange achieved a double performance in the first nine months. Thus, in addition to the good developments in relation to the other capital markets in the European Union, we also recorded an improvement in the ratings given by the main international index providers during this period

 

Bucharest Stock Exchange (BVB) has marched on a steady pace to growth, and surges by 17.5 percent at the end of the first nine months for the total return index BET-TR, which also includes the dividends paid by the companies from the main index of the Romanian capital market. BET-TR reached record high values last month and recorded the largest values since its launch in 2014.

"BET-TR should be the first index investors should watch in order to evaluate the yield of the main listed companies as the dividend component is significant, considering the Romanian capital market is renowned for having among the highest dividend yields in the world," stated Lucian Anghel, President of the Board of Governors of BVB.

BET, the main index of the Bucharest Stock Exchange including the most traded 15 companies excepting the Financial Investment Companies (SIFs), went up by 8.5% in the January-September period, and had the second largest growth pace among the main indices of the stock exchanges from the European Union. Only 10 main indices within the EU capital markets managed to stay in the black at the end of the first nine months this year.

Top growth rates for the main indices within the EU capital markets (January-September 2018)

CYMAIN (Cyprus)

10.09%

BET (Romania)

8.50%

HEX25 (Finland)

7.82%

OMXS30 (Sweden)

5.42%

LUXX (Luxembourg)

3.63%

CAC40 (France)

3.41%

SBITOP (Slovenia)

3.21%

PX (The Czech Republic)

2.20%

SAX (Slovakia)

1.77%

AEX (Greece)

0.93%

Source: BVB, Reuters

 

"The Bucharest Stock Exchange achieved a double performance in the first nine months. Thus, in addition to good developments in relation to the other capital markets in the European Union, we also recorded an improvement in the ratings given by the main international index providers during this period. We are developing new products and services, focus on expanding our investor base and attract new companies so that we can increase the relevance of BVB in the local and regional economy," said Adrian Tanase, CEO of BVB.

The total value of the financial instruments traded on BVB exceeded EUR 2 billion in the first nine months, while the average daily trading value for equities amounted to EUR 8.7 million.

The stock market capitalization of Romanian companies amounted to over EUR 20.5 billion at the end of the first nine months, while the capitalization of all the listed companies on the Main Market of BVB exceeded EUR 36 billion.