| Foundation | 19 September 1997 (age 29)[1] |
|---|---|
| Operator | Bucharest Stock Exchange |
| Constituents | 20[2] |
| Cap level | Large-cap |
| Mcap | US$28.13 billion[3] (as of 17 April 2026) |
| Weighting | Free-float capitalization-weighted |
| Related | |
| Homepage | bvb.ro |
| Isin | ROXBSEI00005 |
| Reuters | .BETI |
| Bloomberg | BET |
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]
The BET index crossed the 20,000-point threshold for the first time in 2025, eventually closing the year at a historic high of 24,439, marking its strongest annual growth rate since 2009.[5] The total return index version, BET-TR, has performed even more strongly.[6][7][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.[6][7]
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 April 2026 , 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 | Financials | US$9.6 billion | 15 October 1997 | 21.02% | |
| OMV Petrom | Energy | US$14.55 billion | 3 September 2001 | 15.47% | |
| Romgaz | Energy | US$11.09 billion | 12 November 2013 | 12.11% | |
| Hidroelectrica | Energy | US$16.64 billion | 12 July 2023 | 11.80% | |
| Transgaz | Energy | US$4.06 billion | 24 January 2008 | 7.01% | |
| BRD – Groupe Société Générale | Financials | US$4.84 billion | 15 January 2001 | 6.82% | |
| Digi Communications | Communication Services | US$3.30 billion | 16 May 2017 | 4.65% | |
| Electrica | Utilities | US$2.36 billion | 4 July 2014 | 4.19% | |
| MedLife | Health Care | US$1.53 billion | 21 December 2016 | 3.81% | |
| Nuclearelectrica | Energy | US$5.23 billion | 4 November 2013 | 3.64% | |
| Transelectrica | Energy | US$1.61 billion | 29 August 2006 | 2.28% | |
| Premier Energy | Utilities | US$1.27 billion | 28 May 2024 | 1.39% | |
| Fondul Proprietatea | Financials | US$740.2 million | 25 January 2011 | 1.22% | |
| One United Properties | Real Estate | US$794.7 million | 12 July 2021 | 1.13% | |
| Aquila Part Prod Com | Consumer Staples | US$431.7 million | 29 November 2021 | 0.77% | |
| Teraplast | Industrials | US$348.6 million | 2 July 2008 | 0.62% | |
| Transport Trade Services | Industrials | US$348.6 million | 14 June 2021 | 0.59% | |
| Antibiotice | Health Care | US$282.6 million | 16 April 1997 | 0.50% | |
| Sphera Franchise Group | Consumer Discretionary | US$351.6 million | 9 November 2017 | 0.50% | |
| Cris-Tim | Consumer Staples | US$459.6 million | 26 November 2025 | 0.49% |
See also
- BET-TR
- BET-XT
- ROTX
- Bucharest Stock Exchange
- Economy of Romania
- Foreign trade of Romania
- List of companies of Romania
- List of stock exchanges
- List of stock market indices
References
- ^ "BET® Index Management Rules". bvb.ro. Retrieved 17 April 2026.
- ^ "Indices profiles". bvb.ro. Retrieved 19 April 2026.
- ^ "BVB - Indices". bvb.ro. Retrieved 19 April 2026.
- ^ "Bucharest Exchange Trading® Index". bvb.ro. Retrieved 19 April 2026.
- ^ "Bucharest Stock Exchange registers historic 55% growth in 2025, best since 2009". Romania Insider. 5 January 2026. Retrieved 19 April 2026.
- ^ "Bucharest Stock Exchange's BET-TR among top 3 best performing global equity indices in the last decade" (in Romanian). Business Review. 12 August 2025. Retrieved 19 April 2026.
- ^ "How Often Did BET Constituents Outperform the Index in 2024 YTD? - InterCapital". inter.capital. 16 July 2024. Retrieved 19 April 2026.
- ^ Dragan, Aurel (6 March 2025). "BET index companies' evolution in 2024 - only 0.6% rise in revenues and 1.8% fall in profits" (in Romanian). Business Review. Retrieved 19 April 2026.
- ^ Popescu, Liviu. "Două decenii de BET: indicele a „supravieţuit“ în furtunile a două crize şi a crescut de opt ori" (in Romanian). ZF.ro. Retrieved 19 April 2026.
- ^ "BET Index – How to Trade and Invest in 2026". NAGA. Retrieved 19 April 2026.