Romania ranks 2nd amid 73 countries for stock exchange gains in past 10 years
Bespoke data indicates that emerging markets were the stars in the past 10 years, as they far outperformed developed stock markets, Business Standard daily reports.
Bespoke calculated the evolution of benchmark stock exchange indexes from early 2000 to December 2009. In Romania’s case, the BET index, which follows the evolution of the ten most liquid shares, was analyzed.
The largest gain of all 73 markets was brought by the Ukrainian stock market, which grew 1,445 percent, while from the group of the largest emerging markets, known as BRIC (Brazil, Russia, India, and China), the highest growth rate, of 711 percent, was registered by the Russian stock market. The emerging markets also lead in the top of rises since this year-start, Romania also featuring among the top 15, with a growth of 67 percent.
The poll for the President of Romania office concluded on Sunday, event whose influence upon the stock exchange was interpreted in various manners by the brokers, notes Business Standard.
In general brokers’ opinion is that, at least theoretically, the market should be dominated by less lack of certitude. Part of the brokers say that expectations raised by the poll are already included in the quotations, and shortly the market will follow a common trend, as it happened after the first elections round.
Some brokers think that the presidential race result could have a positive impact upon the stock exchange, in case the conditions at political level could allow a consensus in the shortest time possible and Romania could restart negotiations with the International Monetary Fund (IMF).