Romania’s 40% Stock Rally Makes It a Standout of Global Markets
- BET index is among world’s best performers in past 12 months
- Economy, bets on upgrade to an emerging market help sentiment
Photographer: Akos Stiller/Bloomberg
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Romania’s stock market is becoming one of Europe’s star performers, with investors upbeat about the rally running further as more companies are expected to go public.
Bucharest’s BET stock index has returned nearly 40% in dollar terms over the past 12 months, the fifth-best performance among more than 90 primary equity indexes tracked by Bloomberg. Even after a wobble in August the gauge stands within striking distance of its record high, having advanced for 13 out of the last 15 months.