This week BET index reached its highest value in 12 years.

BET, the main index of the Bucharest Stock Exchange, breached the 10,000 point mark this week, ending yesterday’s trading at 10,084.1 points. Currently, the index is traded at P/E of 8.73 and EV/EBITDA of 3.83.

It is worth noting that this is the highest value of the index in 12 years. The all-time high value was recorded in July 2007, when BET amounted to 10,813 points. Last year, the BET index surged by more than 35%, which is the highest index increase among regional indices.  Such a strong increase could be attributed to a double digit rise of all heavy weights as visible in the graph below.

Share Price Performance of BET Constituents in 2019 (%)