Romania’s stock exchange outperforms emerging markets benchmarks

Romania’s stock exchange outperforms emerging markets benchmarks
By Iulian Ernst in Bucharest September 12, 2018

The main index of the Bucharest Stock Exchange (BVB), the BET, advanced by 4.4% in January-August in US dollar-equivalent, and the index calculated to include the dividend gains (BET-TR) surged by 13% US dollar-equivalent, in contrast to the emerging markets benchmarks staying in the red over the same period, according to a comment from the BVB.

Global indices provider Morgan Stanley Capital International (MSCI) revealed world markets plummeted abruptly from the beginning of this year: MSCI indices fell sharply, in US dollar-equivalent, as emerging markets went down by 8% and frontier markets by 15% at the end of the first eight months.

“The results reside in the positive evolution of the companies listed on the BVB, as they managed to benefit from the strong growth of the economy and registered half-year operational results generally superior to those from last year, while also giving consistent dividends,” BVB president Lucian Anghel explained.

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