The Bucharest Exchange Trading index (BET or BET-20) was the first index developed by Bucharest Stock Exchange. It is the reference index for the capital markets. BET follows the evolution of 20 most liquid companies listed on BVB regulated market, excluding financial investment companies (SIFs). It is an index weighted by free float capitalization. The maximum weight of the symbol is 20%. The main selection criterion is company’s liquidity. Starting with 2015, additional requirements of transparency, quality reporting and communication with investors are also used for screening.[1]
As of July, 2022, the index composition was:[2]
| Company | Field of activity (BVB) | Field of activity (GICS) | Symbol | Weight in index (%) | |
|---|---|---|---|---|---|
| investment funds | N/A | FP | 20.79 | ||
| banking | financials/banks | TLV | 19.23 | ||
| oil | energy | SNP | 17.11 | ||
| natural gas | energy | SNG | 10.71 | ||
| banking | financials/banks | BRD | 6.61 | ||
| electricity | utilities | SNN | 5.24 | ||
| medical services | healthcare | M | 3.61 | ||
| telecommunications | telecommunication services | DIGI | 2.96 | ||
| natural gas | energy | TGN | 2.68 | ||
| electricity | utilities | EL | 2.38 | ||
| real estate development | ONE | 1.97 | |||
| TRP | 1.71 | ||||
| electricity | utilities | TEL | 1.05 | ||
| TTS | 0.81 | ||||
| AQ | 0.64 | ||||
| ALR | 0.59 | ||||
| WINE | 0.58 | ||||
| oil | utilities | COTE | 0.46 | ||
| stock exchange | diversified financials | BVB | 0.45 | ||
| SFG | 0.42 | ||||
| Index capitalisation: RON 50.7 billion (~EUR 10.2 billion) | |||||