In comparison, the top performer is the Athens Stock Exchange, whose ATHEX index rose 47.1%. Dividends included, the increase stood at 50.9%.
“The Romanian stock market has been on the rise in sync with the international markets, which is why it saw steady growth over this entire period. The faster growth pace was on the one hand fueled by the reconsideration of the effects of the Emergency Ordinance 114 (introducing taxation changes i.e.) that caused the market to plummet at the end of 2018 and by a rising confidence of the investors in the future of the domestic capital market given the emerging status assigned by FTSE Russell,” says Mihai Chisu, capital market analyst.
The economic growth, the improved financial results, dividend estimates and the alternative investment options with very low yields have made and will continue to make the stock market a tempting investment vehicle in the coming period, he added.
Whereas ZF reported at the end of the first half of 2019 that analysts felt the 9,000 mark the BET was very close was an important milestone and if it reached it, stock prices could rise, in December 2019 the BET is close to the psychological threshold of 10,000 points and some shares, including Banca Transilvania (TLV.RO), are their all-time highs.
(English version by Loredana Fratila-Cristescu)