This is BET’s highest level since the summer of 2015.
At the same time, companies on the international markets have started reporting results, which are largely in line with analysts’ expectations.
“One can see one more thing, though, that is there are buyers of large stakes on the market, a signal the Romanian stock exchange is getting back on the radar of important institutional investors,” says financial analyst Marius Pandele with Prime Transaction.
Only two of the BET index components, Banca Transilvania and BRD have seen decline since the beginning of the year, 1.5% and 4%. Nuclearelectrica, on the other hand saw the highest increase, 21%.
The trend of the US economy, the prospect of fiscal stimulus and investments on the agenda of the Trump administration are but some of the things leading to the capital markets rally.
“Unpredictability of some decisions could be a big problem, which could affect the business sector and the stock market,” believes analyst Daniela Ropota with Intercapital.
(English version by Loredana Fratila-Cristescu)