Bucharest Stock Exchange outperforms global markets YTD despite November losses

November brought a recoil on the main market of the Bucharest Stock Exchange (BVB), which translated into the widest negative monthly variation (-3.2%) recorded this year at the level of BET and BET-TR indices. In such a context, the Romanian capital market showed resilience and managed to maintain a significant level of growth in the first 11 months of the year, according to Romania-Insider.com.

Thus, at the level of the BET index, which currently includes the 19 most traded companies, the increase registered this year was 24.4%.

According to Refinitiv Eikon and BVB data, at the level of price return indices, after the first 11 months, the BET-TR index registered an increase of 30.7%, US’s S&P500 of 26% and Europe’s STOXX600 of 20%.

The Romanian market also outperformed in relation to the MSCI Frontier Markets index (+ 20%) or the FTSE Emerging Markets index (-1%).

The total trading value from the Regulated Market of the BVB is up by 21.6% in the first 11 months to RON 17.4 bln (EUR 3.5 bln), while the average daily trading value is up by 20.5% to RON 75 mln (EUR 15.2 mln).

The upward trend of the market liquidity also spills over to the Multilateral Trading System (MTS/AeRO). The total trading value soars to RON 1.4 bln (+242%), while the average daily trading value climbs to RON 6.7 mln (+126%).

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