The main index of the Bucharest Stock Exchange (BVB), BET, which follows the evolution of the top traded 17 companies listed on the local market, gained 15.7% in the first four months of this year.
The BET’s advance in April was just 1.4%, though, coming after a 9.7% increase in March that took the BET to new all-time highs.
All eight indices on the BVB have been on the rise since the beginning of the year, marking ytd performances ranging from 12.5% for the BET-FI index, which includes the financial investment companies (SIFs) and Fondul Proprietatea, to 17.8% for BET-NG, the index of companies from energy.
Nine of the BET’s constituents over-performed the index. The top performers were building materials producer Teraplast (TRP), which gained close to 88% in the first four months, boosted by the solid results and special dividends it will distribute from the first-quarter profit generated by the sale of its steel division.