The Bucharest Stock Exchange (BVB) recently highlighted promising market growth that has seen the BET and BET-TR, two key indices, soar by 13.4 percent in the past eight weeks, with the BET recently hitting its highest values since January 2008.
"As the result of consequent
modernization of the capital market, its growing openness to international
flows of capital, its attractiveness to domestic investors, Romania is leaving
the territory of low valuations and low trading activity," BVB CEO
Ludwik Sobolewski said in a company press release.
The BET includes the market’s 10 most
liquid shares of companies and recently hit 9,925 points, well
on its way to 10,000 points. According to the release, Berenberg EME
Equity Strategist Carsten Hesse has determined that 2017 will provide yields
of approximately 7 percent, continuing a trend in which Romania delivered the biggest dividend yields in the world last year.
"Investors are now rewarded for their
trust in the capital market,” BVB Chairman Lucian Anghel said. “The market
shows an outstanding dynamic as it exceeded in just eight weeks the level even
the most optimistic analysts had predicted for the end of the year. We believe
the macroeconomic evolution far above the economic growth within the European
Union, the payment of consistent dividends following the positive yearly
financial results and the perspective to upgrade Romania to the Emerging Market
status, grounded investors’ optimism."
BVB highlights double-digit growth in key indices
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