Investors' traded shares up by 35 pct to over EUR 1.5 bln in 8 months

Investors’ traded shares up by 35 pct to over EUR 1.5 bln in 8 months

Investors’ traded shares increased by 35 percent to over EUR 1.5 billion in 8 months compared to the same period of the last year.

Over EUR 180 million worth of shares were traded last month, which was 27 percent over the value from July, and 85 percent over August 2016.

The first eight months of this year also was higher than before average daily trading value, as this index exceeded the EUR 9-million ceiling. Therefore, the average daily trading value went up by 38 percent as compared to January-August 2016.

“The Romanian capital market continues to grow by two digits based on improved perception from investors on the local market, economic growth outlook and positive macroeconomic data. The local capital market has become increasingly attractive this year as the main listed companies granted higher than before dividends propelling Romania to the first place among Frontier Markets by the end of July when considering total returns, which included the price variations and the dividends paid by the main listed companies,” said Lucian Anghel, president of BVB.

BET, the main index of the market, which measures the evolution of the 13 most liquid companies listed on BVB, closed the first eight months with a 13.6 percent increase. During the same period of time, BET-TR, the index which included the dividends paid by the companies from the BET index, grew by nearly 22 percent.