BVB’s average daily transactions value exceeds EUR 9 mln, BET index reaches 9-year high

The Bucharest Stock Exchange (BVB) continued to grow in February, with more indexes reaching record levels. The BVB’s average daily transactions value exceeds EUR 9 million and the BET, that reflects the evolution of the most 10 traded companies, reached the maximum of the last 9 years on February 23, closing the session with 8,045 points. Also, together with BET-TR, they went up by 12.49 percent.

„As a result of the continuous modernization of the capital market, the higher and higher openness to the international capital flows, the attractiveness growth for the local investors, Romania leaves the territory of low evaluations and the reduced activity of transactions,” said Ludwik Sobolewski, CEO BVB.

„The investors are now rewarded for their trust in the capital market. The fact that we exceeded in only eight weeks the estimated level by the most optimistic analysts only after the end of the year, shows a very god dynamics of the market. The investors optimism is based on at least three aspects: the macroeconomic evolution over the EU economic growth, the consistent dividends in the last year with positive results and the perspective of the advance to a new market status. The dividends yields and the shares prices growth of almost 30 percent in the last three years, ” said Lucian Anghel, president BVB.

The market capitalization of the companies listed on BVB was RON 153 billion (EUR 33.9 billion) at the end of February.

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