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Bucharest Stock Exchange closes January 2018 in positive territory

Bucharest Stock Exchange (BVB) ended January 2018 with an increase of almost 8 per cent, after BET index, the main index of the local capital market, closed las month at a level of 8,370 points. It is the best first month of the past six years for BET index.

2018-02-09 15:37:07

The advance on the Bucharest Stock Exchange is the second largest among the member states of the European Union, with a higher growth rate being recorded in January 2018 only by the Athens Stock Exchange, Reuters data show.

BET-TR index, which also includes dividends from BET companies, rose 8 percent last month to reach 11,256 points.

"The total trading value for equities exceeded 200 million Euro in January, amid increased investor activity. The average daily trading value amounted to 10.4 million Euro in January or 1 million Euro 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, CEO of BVB.

The market capitalization of the Romanian companies was 21.1 billion Euro by the end of January 2018, while the capitalization of all the companies listed on the Main Market of BVB accounted for 38.5 billion Euro.



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