Bucharest Stock Exchange (BVB) registered a growth close to 8 percent in January, after BET index, the main index of local capital market, closed the month with 8,370 points. It is the best first month of the past six years for BET index. The advance on the BVB is the second largest among the member states of the European Union, with a higher growth rate being recorded in January only by the Athens Stock Exchange, show Reuters data.
BET-TR index, which also includes dividends from BET companies, increased by 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.
“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,” said Adrian Tanase (photo), CEO of BVB.
The market capitalization of the Romanian companies was EUR 21.1 billion by the end of January, while the capitalization of all the companies listed on the Main Market of BVB accounted for EUR 38.5 billion.
From the beginning of the year 2018 till the end of February 8, BET index reported a growth in excess of 3 percent.