Day 8: Explosive growth on the Stock Exchange. BRD sets a record

Increases on the Bucharest Stock Exchange (BVB) started eight days ago, and the BET-C index gained 16 percent in this period. The sharp increase of the main listed companies was not the only good news in yesterday’s session, as the value of share transactions on the regulated market amounted to RON 19.6 million (€4.5 mln), the highest level reached in 2009. The BET index of the 10 most liquid companies gained 5.6 percent yesterday.

However, after this strong wave of growth, brokers expect corrections. “This is the logical thing that must happen after so many sessions of growth, and the macroeconomic climate in Romania is not yet showing clear signs of improvement,” said Mihai Chisu, broker at IFB Finwest.