Fertilizer maker Azomures Targu-Mures (AZO.RO) generated 25% profit for investors in February alone, after they rushed to buy its shares lured by the profit it posted last year. Azomures made EUR82 million net income in 2011, double the 2010 level, which took even the most optimistic investors by surprise.
Regional investment fund SIF Banat-Crisana (SIF1.RO) surged by 24.4% in February, after businessman Dragos Balteanu came to control 5% in it through several companies following his acquisition of 4% in Banca Transilvania.
Prodplast Bucuresti (PPL.RO), which has bought more than 1% in SIF Oltenia over the last few months alone, gained 23.8% on the stock market last month. This comes after the rise in the SIF shares by 35% since the beginning of the year. Prodplast also posted better results last year, when its profit went up by 74%.
OMV Petrom (SNP.RO) rose by 22.8% last month and by 43% since the beginning of the year, which is one of the highest increase on the stock market, because of the record high profit of 3.7 billion lei (almost EUR900 million) posted in 2011. Other factors that drove Petrom stocks up were the surge in the oil price this year to $110/barrel in February and the announcement of the discovery of a large gas deposit by the company.
Investors also bought stock in Fondul Proprietatea (FP.RO) worth RON392 million, driving the price up 15.8%. Fondul Proprietatea’s shares yield has reached 38.2% since the beginning of the year, now that the government owns very little in it and therefore did not put pressure on the quote of the stock. On the other hand, foreign funds continued to consolidate their stakes in it.
Other stocks to have surged by 63.8% and 24.8% are plastic maker Maillis Romania (MJM.RO) and conveyor belts manufacturer Artego Targu Jiu (ARTE.RO), but traded volumes of the two stocks were very low.
SIF Muntenia (SIF4.RO) went up 19.6% while SIF Oltenia (SIF5.RO) gained 15.4% and SIF Transilvania (SIF3.RO) rose by 14%.
The increase of the SIFs is largely because the shares of Erste Bank (EBS.RO), which account for most of the asset of four of the five regional investment funds, have gained 42% since the beginning of the year and increased by 10.6% in February.
On the other hand, the stocks of builder Concefa Sibiu (COFI.RO), which announced its insolvency, lost 45.7% last month, and pipeline maker Condmag Brasov (COMI.RO) fell 20.9%.
Dafora Medias (DAFR.RO), a company controlled by Gheorghe Calburean lost 14.2% in February.
Banking stocks performed poorly, as Banca Transilvania (TLV.RO) stagnated, while BRD (BRD.RO) fell 3.7% as a result of the less than optimal results it posted last year.
(English version by Loredana Frățilă-Cristescu)
February on the Stock Exchange| Company (Stock ticker) | February | 2012 | February volume (lei) |
| MJ Maillis Romania (MJM.RO) | 63.8% | 63.8% | 3,409 |
| Azomures (AZO.RO) | 25.1% | 33.0% | 11,195,878 |
| SIF Banat Crisana (SIF1.RO) | 24.4% | 37.1% | 69,521,613 |
| Prodplast Bucuresti (PPL.RO) | 23.8% | 15.6% | 85,093 |
| Petrom (SNP.RO) | 22.8% | 43.1% | 49,509,236 |
| Artego Targu-Jiu (ARTE.RO) | 21.9% | 24.8% | 74,388 |
| SIF Muntenia (SIF4.RO) | 19.6% | 37.6% | 39,792,330 |
| SC Fondul Proprietatea SA | 15.8% | 38.2% | 392,917,761 |
| SIF Oltenia (SIF5.RO) | 15.4% | 35.3% | 114,902,396 |
| Oltchim Rm. Valcea (OLT.RO) | 14.9% | 27.6% | 3,115,359 |
| SIF Transilvania (SIF3.RO) | 14.0% | 24.6% | 82,711,562 |
| Mefin Sinaia (MEF.RO) | 13.4% | 53.6% | 2,410 |
| TMK Artrom (ART.RO) | 11.6% | 14.4% | 46,678 |
| Erste Bank (EBS.RO) | 10.6% | 42.2% | 15,461,725 |
| Ropharma Brasov (RPH.RO) | 10.0% | -4.4% | 845,247 |
| Transilvania Constructii (COTR.RO) | 8.0% | 3.9% | 6645.13 |
| Vae Apcarom (APC.RO) | 7.0% | 16.9% | 74,606 |
| Bermas Suceava (BRM.RO) | 6.4% | 19.1% | 191,107 |
| SIF Moldova (SIF2.RO) | 6.0% | 32.4% | 81,641,597 |
| Mecanica Ceahlau (MECF.RO) | 5.7% | 4.4% | 60,209 |
| Casa de Bucovina (BCM.RO) | 5.7% | 2.8% | 24,029 |
| Antibiotice Iasi (ATB.RO) | 5.6% | 8.0% | 3,161,026 |
| Electrocontact (ECT.RO) | 5.3% | 14.9% | 237 |
| Transgaz (TGN.RO) | 3.3% | 11.0% | 8,394,539 |
| Aerostar Bacau (ARS.RO) | 2.9% | 6.1% | 62,193 |
| Broker Cluj (BRK.RO) | 2.8% | 9.0% | 2,538,268 |
| Compa Sibiu (CMP.RO) | 2.2% | 18.3% | 2,053,751 |
| Biofarm Bucuresti (BIO.RO) | 1.3% | 3.9% | 1,162,621 |
| Vrancart Adjud (VNC.RO) | 1.2% | 1.2% | 37,739 |
| Petrolexportimport (PEI.RO) | 1.1% | 6.2% | 21,435 |
| Banca Transilvania (TLV.RO) | 0.3% | 15.7% | 9,919,294 |
| Remedia Deva (RMAH.RO) | 0.0% | 15.6% | 47,120 |
| Amonil Slobozia (AMO.RO) | 0.0% | 2.9% | 294,311 |
| Energopetrol Campina (ENP.RO) | 0.0% | 0.0% | 214.5 |
| Turbomecanica (TBM.RO) | -0.4% | 10.7% | 98,173 |
| THR Marea Neagra (EFO.RO) | -0.5% | 6.1% | 271,414 |
| Rompetrol Rafinare (RRC.RO) | -1.2% | 5.5% | 161,418 |
| Alumil Rom Industry (ALU.RO) | -1.3% | 13.1% | 30,682 |
| Santierul Naval Orsova (SNO.RO) | -1.9% | -6.0% | 32,821 |
| Banca Carpatica (BCC.RO) | -2.2% | -5.6% | 361,327 |
| Oil Terminal (OIL.RO) | -2.3% | 5.6% | 739,875 |
| Bucharest Stock Exchange(BVB.RO) | -2.7% | 12.4% | 18,206,134 |
| Cemacon Zalau (CEON.RO) | -2.8% | 2.9% | 95,400 |
| Electroputere Craiova (EPT.RO) | -2.8% | 12.5% | 12,156 |
| Petros (PTR.RO) | -3.2% | 8.5% | 286,316 |
| Teraplast Bistrita (TRP.RO) | -3.2% | 49.8% | 178,245 |
| Sinteza Oradea (STZ.RO) | -3.5% | -5.8% | 612,928 |
| BRD SocGen, (BRD.RO) | -3.7% | 0.8% | 78,795,471 |
| Altur Slatina (ALT.RO) | -4.5% | -5.9% | 95,628 |
| Electroaparataj (ELJ.RO) | -5.5% | 26.2% | 12,200 |
| Comcm Constanta (CMCM.RO) | -5.9% | -8.9% | 1,911 |
| Transelectrica (TEL.RO) | -6.0% | -0.1% | 2,023,826 |
| Turism Felix (TUFE.RO) | -6.5% | -0.6% | 34,367 |
| Carbochim (CBC.RO) | -6.6% | 15.7% | 68,089 |
| Electromagnetica (ELMA.RO) | -7.4% | -0.1% | 7,392,460 |
| Alro Slatina (ALR.RO) | -7.5% | -6.6% | 343,136 |
| Comelf Bistrita (CMF.RO) | -7.5% | 2.8% | 19,068 |
| Titan Bucuresti (MPN.RO) | -8.0% | -8.0% | 69,066 |
| Boromir Prod Buzau (SPCU.RO) | -8.2% | 11.8% | 112,876 |
| Zentiva (SCD.RO) | -8.6% | 1.5% | 922,140 |
| Siretul Pascani (SRT.RO) | -8.8% | 2.8% | 9,896 |
| Armatura (ARM.RO) | -9.7% | 3.0% | 6,972 |
| Retrasib Sibiu (RTRA.RO) | -10.0% | 13.2% | 32,357 |
| Socep Constanta (SOCP.RO) | -10.3% | -11.5% | 41,012 |
| Electroarges (ELGS.RO) | -12.5% | -7.3% | 561,033 |
| Uamt Oradea (UAM.RO) | -13.0% | -13.0% | 627 |
| Prefab Bucuresti (PREH.RO) | -13.9% | 33.3% | 11,976 |
| Dafora Medias (DAFR.RO) | -14.2% | 2.0% | 1,509,758 |
| Ves Sighisoara (VESY.RO) | -15.0% | -5.2% | 10,145 |
| Impact Bucuresti (IMP.RO) | -15.4% | 20.9% | 84,853 |
| Mechel Targoviste (COS.RO) | -15.7% | -15.8% | 4,226 |
| Romcarbon Buzau (ROCE.RO) | -18.7% | -5.9% | 11,125 |
| Condmag Brasov (COMI.RO) | -20.9% | 4.6% | 1,712,939 |
| Concefa Sibiu (COFI.RO) | -45.7% | -52.3% | 1,602,484 |