Nuclearelectrica‘s (SNN.RO) saw the highest rise of the index components so far in 2017, 33%, followed by OMV Petrom (SNP.RO), 16%. Banca Transilvania ranks third, having reached an about 10 billion lei (EUR2.2 billion) market value, following a 15% increase.
“The rise is because of the dividend policy expectations. One can estimate the dividend policy of private companies by starting from their history and last year’s developments, while the dividends of the state-run companies will go up to 90% of the net profit based on government decisions,” says capital markets consultant Rares Nilas.
To beat the July 2007 record, the BET needs to rise at least another 35% and go beyond 10,813 points, the all-time high of the Bucharest Stock Exchange.
Traded volume was almost double the daily average of RON39 million on Wednesday, and BRD was the most traded stock, rising 2%. All the BET stocks have seen a rise this year, with BRD as the latest addition to the club. (EUR1=RON4.5217)
(English version by Loredana Fratila-Cristescu)