Brokers and analysts say the fading uncertainty surrounding the elections held in both Romania and the US restored investor optimism.
“Stock markets have risen after elections everywhere in the world. There have been cash inflows on almost every market but especially on the emerging ones; on top of that most stocks were and still are very cheap,” says Ovidiu Fer, analyst with Czech-held brokerage firm Wood & Co.
The most impressive increase came from conveyor belt maker Artego Targu-Jiu (ARTE.RO), whose shares gained 80% in one month, because of sizeable purchases by a number of investors.
Bank stocks, too, saw significant growth, with BRD (BRD.RO) and Banca Transilvania (TLV.RO) gaining 21.9% and 19.8% in the past month, while national grid company Transelectrica (TEL.RO) shares rose by 25% partly because of a recent decision of the energy market regulator ANRE to hike electricity transmission tariffs.
(English version by Loredana Fratila-Cristescu)
Highest rises on stock market in December 10. 2012- January 4. 2013
|
Company (symbol) |
Trend |
Volume (mln. lei) |
|
Artego Targu Jiu (ARTE.RO) |
69.58% |
1.71 |
|
Transelectrica (TEL.RO) |
25.14% |
14.67 |
|
Electroarges (ELGS.RO) |
22.86% |
0.60 |
|
BRD Societe Generale (BRD.RO) |
21.85% |
33.63 |
|
Banca Transilvania (TLV.RO) |
19.77% |
37.29 |
|
Alro Slatina (ALR.RO) |
19.66% |
0.38 |
|
Electromagnetica (ELMA.RO) |
14.53% |
0.35 |
|
SIF Muntenia (SIF4.RO) |
12.70% |
10.32 |
|
Aerostar Bacau (ARS.RO) |
12.42% |
0.11 |
|
OMV Petrom (SNP.RO) |
11.87% |
38.01 |
|
Dafora Medias (DAFR.RO) |
11.63% |
0.39 |
|
SIF Banat-Crisana (SIF1.RO) |
11.47% |
10.68 |
|
Prodplast Bucuresti (PPL.RO) |
11.22% |
0.12 |
|
Teraplast Bistrita (TRP.RO) |
10.53% |
0.38 |
|
Erste Bank (EBS.RO) |
10.32% |
13.73 |
|
Transgaz Medias (TGN.RO) |
10.24% |
4.82 |
|
Banca Carpatica Sibiu (BCC.RO) |
9.92% |
1.61 |
|
Fondul Proprietatea (FP.RO) |
9.67% |
104.85 |
|
SIF Transilvania (SIF3.RO) |
9.19% |
37.26 |
|
Condmag Brasov (COMI.RO) |
8.88% |
0.43 |
|
SIF Oltenia (SIF5.RO) |
8.75% |
21.35 |
|
Rompetrol Well Services (PTR.RO) |
7.42% |
0.24 |
|
SIF Moldova (SIF2.RO) |
7.16% |
14.90 |
|
Bursa de Valori Bucuresti (BVB.RO) |
6.90% |
10.63 |
|
Socep Constanta (SOCP.RO) |
6.69% |
0.29 |
*Only companies with transactions of more than 100,000 lei (EUR23,000) were taken into account.
Source: KTD Invest