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BVB: Stock market grew in first half of year

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BET index, which includes the most transactioned 16 companies, grew by 20% in the first 6 months of the year, the second largest increase rate in EU, a press release of Bucharest Stock Exchange shows.

The index which also includes dividends granted by companies from BET, BET-TR exceeded for the first time the threshold of 14,000 points  and has grown by 30% since the beginning of the year.

“The local stock market has grown in the first half of the year, mainly for two reasons. Dividends and results of Romanian companies were liked by investors, but let us remember that this accelerated increase appeared as a result of a basic effect because the market was very low at the end of last year. In fact, Romania has connected to the growing trend in international markets, some of them reaching new heights,” said Adrian Tanase, CEO BVB.

According to BVB president Lucian Anghel, investors of all kinds are attracted both by the increase of the price of shares and by the generous dividends offered by companies listed with BVB.

“The 30% increase offered in the first half of the year by BET-TR index, which also includes dividends is an attractive proposal made by Romania to stock holders. Moreover, BET-TR index reached historic heights and Romania reconfirms the increase potential to investors,” Anghel pointed out.

According to the mentioned press release, the month of June was remarked by an average daily transaction value which surpassed 11.5 million euro. Since the beginning of the year to the end of June, the total value of transaction for all types of financial instruments exceeded 1.1 billion euro.

After the first semester, the market value of Romanian companies was 20.8 billion euro, compared to 18.1 billion euro at the end of 2018, which means an advance of 15%. The stock capitalization of all companies listed with BVB exceeded 34.8 billion euro at the last transaction session of June 2019, compared to 30.6 billion euro at the end of 2018, on the rise by 14%. 

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