The most important 25 companies listed on the Bucharest Stock Exchange (BVB), which are included in the BET-XT index, gained some 143 percent in the past six months, considering that 15 companies rose by over 100 percent, and only two are in the red (Socep, with a 5.3 percent loss and Flamingo International, with a 23.4 percent loss).
Brokers said that, in spite of the increases in the past six months, the Stock Exchange is far from recovering the losses registered in 2008, the worst year in BVB’s history.
“I did not see any spectacular increases on the Stock Exchange compared to how much they declined. They should increase 20 times to recover what they lost in 2008,” said Mihai Piscan, EFG Eurobank Securities broker. He added that, considering that the financial investment company (SIF) index closed last week at its highest level in 2009, the Stock Exchange may continue to rise.
BVB indexes gained between 4.3 percent (BET-NG) and 20.4 percent (BET-FI) in August, and the shares of more than 50 issuers ended the month in the black. However, BVB’s evolution was surpassed by the Bulgarian stock exchange, whose SOFIX index gained nearly 30 percent in the same period.
