BET Index
Romanian stock market index
From Wikipedia, the free encyclopedia
The Bucharest Exchange Trading Index (BET) is a stock market index that tracks the performance of the most liquid stocks listed on the Bucharest Stock Exchange (BVB). It is the first and primary benchmark for the Romanian capital market.[4][3] The index is designed to serve as a performance and transparency benchmark and can be used as an underlying asset for derivatives and structured products.[4]
Historical logarithmic graph of the BET from 2000 to 2026 | |
| Foundation | 19 September 1997[1] |
|---|---|
| Operator | Bucharest Stock Exchange |
| Trading symbol | BET |
| Constituents | 20[2] |
| Type | Large-cap |
| Market cap | US$28.13 billion[3] (as of 17 April 2026) |
| Weighting method | Free-float capitalization-weighted |
| Related indices | |
| Website | bvb |
| ISIN | ROXBSEI00005 |
| Reuters | .BETI |
| Bloomberg | BET |
The BET index crossed the 20,000-point threshold for the first time in July 2025.[5] It closed 2025 at a historic high of 24,439 points, marking its strongest annual growth rate since 2009.[6] The total return index version, BET-TR, has performed even more strongly.[7][5][8] Over the decade ending in 2025, the BET-TR index compounded significantly, placing it among the top best-performing global equity indices, alongside the Nasdaq-100 and S&P 500.[7][5]
History
The BET index was introduced on 19 September 1997, two years after the re-establishment of the Bucharest Stock Exchange, with an initial value of 1,000 points.[4] It started with ten companies and a total market capitalization of 443 million Romanian lei (RON).[9] Over time, the number of constituents has varied between a minimum of 10 and a maximum of 20 companies, based on liquidity and quality criteria.[4]
In 2015, the index methodology was enhanced to include qualitative criteria related to transparency, reporting quality and investor communication, in addition to the quantitative liquidity metrics.[4][10] Since its launch, 36 different issuers have been part of the BET index at various points in time.[9]
Methodology
The BET index is a free-float capitalization-weighted price index, calculated in real time during Bucharest Stock Exchange trading hours in Romanian leu (RON).[4] Euro and U.S. dollars versions are published daily after the market close using exchange rates from the National Bank of Romania.[4]
Each constituent weight is determined by two factors, the free-float factor and a representation factor that caps any single company weight at 20% of the total index capitalisation to ensure diversification.[4] Unlike the BET-TR, the index is not adjusted for dividends, but operational adjustments are made for corporate events such as stock splits, consolidations, and capital increases to maintain continuity and avoid artificial price distortions.[4]
Composition
As of 19 April 2026,[update] the Bucharest Exchange Trading Index consists of the following 20 companies, with a weighting as shown:[2]
| Company | Symbol | Sector (GICS) | Market Cap | Listed since | Index weighting |
|---|---|---|---|---|---|
| Banca Transilvania | BVB: TLV | Financials | US$9.6 billion | 15 October 1997 | 21.02% |
| OMV Petrom | BVB: SNP | Energy | US$14.55 billion | 3 September 2001 | 15.47% |
| Romgaz | BVB: SNG | Energy | US$11.09 billion | 12 November 2013 | 12.11% |
| Hidroelectrica | BVB: H2O | Energy | US$16.64 billion | 12 July 2023 | 11.80% |
| Transgaz | BVB: TGN | Energy | US$4.06 billion | 24 January 2008 | 7.01% |
| BRD – Groupe Société Générale | BVB: BRD | Financials | US$4.84 billion | 15 January 2001 | 6.82% |
| Digi Communications | BVB: DIGI | Communication Services | US$3.30 billion | 16 May 2017 | 4.65% |
| Electrica | BVB: EL | Utilities | US$2.36 billion | 4 July 2014 | 4.19% |
| MedLife | BVB: M | Health Care | US$1.53 billion | 21 December 2016 | 3.81% |
| Nuclearelectrica | BVB: SNN | Energy | US$5.23 billion | 4 November 2013 | 3.64% |
| Transelectrica | BVB: TEL | Energy | US$1.61 billion | 29 August 2006 | 2.28% |
| Premier Energy | BVB: PE | Utilities | US$1.27 billion | 28 May 2024 | 1.39% |
| Fondul Proprietatea | BVB: FP | Financials | US$740.2 million | 25 January 2011 | 1.22% |
| One United Properties | BVB: ONE | Real Estate | US$794.7 million | 12 July 2021 | 1.13% |
| Aquila Part Prod Com | BVB: AQ | Consumer Staples | US$431.7 million | 29 November 2021 | 0.77% |
| Teraplast | BVB: TRP | Industrials | US$348.6 million | 2 July 2008 | 0.62% |
| Transport Trade Services | BVB: TTS | Industrials | US$348.6 million | 14 June 2021 | 0.59% |
| Antibiotice | BVB: ATB | Health Care | US$282.6 million | 16 April 1997 | 0.50% |
| Sphera Franchise Group | BVB: SFG | Consumer Discretionary | US$351.6 million | 9 November 2017 | 0.50% |
| Cris-Tim | BVB: CFH | Consumer Staples | US$459.6 million | 26 November 2025 | 0.49% |