The top performer of the liquid stocks was Erste Group (EBS.RO), which gained 10% in October, especially after the bank published its third quarter results. The Austrian banking group posted EUR128.8 million net profit in July-September, compared with EUR143.7 million in the same time last year. Its profit has been significantly eroded by one-off expenses in the last few years, which no longer made such an impact in the third quarter of 2013.
Fondul Proprietatea’s buyback, which offered a price of 1 leu (EUR0.23) per share, much higher than the stock market price, helped its shares up 3.8% last month. Regional investment fund SIF Oltenia left the other SIFs behind, rising 3.5% in October.
“The quiet on the market in October was induced by Romgaz’s offering, which attracted most of the money and energy of investors, and the market stood still somewhat. Erste shares went up more in the two days after the publication of quarterly results,” says Alin Brendea, deputy general manager of brokerage firm Prime Transaction.
“If we look at the market response, results were better than expected. The trend of Fondul Proprietatea shares was helped by the buyback offer of RON1/share, which created a positive climate around these shares. After Romgaz’s offering, some of the money might remain on the market so all issuers could benefit on short term. On the other hand, the more Fondul Proprietatea rises, the more tempted to sell some will be.”
Less liquid stocks such as plastics manufacturer Prodplast Bucuresti (PPL.RO) and ceramic block maker Cemacon (CEON.RO) rose 46% and 32% in October, but their traded volume was very low, RON200,000 each. Rubber products manufacturer Artego Targu-Jiu (ARTE.RO), too, increased 16.5% on a low traded volume of RON472,000.
Energy stocks like Transelectrica (TEL.RO) and Transgaz (TGN.RO) lost 3.9% and 2.5% last month. OMV Petrom (SNP.RO), too, dropped 2%.
Brokers expect rises for high dividend yield stocks mainly in November, confirmed by the results most companies are expected to post in mid month.
The traded value in October, RON622 million, received a boost from the deal whereby SIF Muntenia (SIF4.RO) bought RON106.7 million worth of shares in pharmaceutical company Biofarm (BIO.RO).
(English version by Loredana Fratila-Cristescu)
|
Company (Symbol) |
Trend |
Traded volume (lei) |
|
Prodplast Bucuresti (PPL.RO) |
46.1% |
188,952 |
|
Cemacon Cluj-Napoca (CEON.RO) |
31.5% |
234,190 |
|
Artego Targu Jiu (ARTE.RO) |
16.5% |
472,360 |
|
Erste Bank (EBS.RO) |
10.0% |
21,218,422 |
|
Uamt Oradea (UAM.RO) |
7.5% |
42,105 |
|
TMK Artrom Slatina (ART.RO) |
6.9% |
2,100,373 |
|
Retrasib Sibiu (RTRA.RO) |
5.6% |
620 |
|
Fondul Proprietatea (FP.RO) |
3.8% |
288,941,024 |
|
Casa de Bucovina (BCM.RO) |
3.6% |
16,395 |
|
Impact Developer & Contractor (IMP.RO) |
3.4% |
2,483,619 |
|
SIF Oltenia (SIF5.RO) |
3.4% |
20,181,331 |
|
Transilvania Constructii Cluj (COTR.RO) |
3.0% |
394,679 |
|
Antibiotice Iasi (ATB.RO) |
2.8% |
3,434,277 |
|
Banca Carpatica Sibiu (BCC.RO) |
2.7% |
608,438 |
|
Electromagnetica Bucuresti (ELMA.RO) |
2.6% |
486,664 |
|
Bursa de Valori Bucuresti (BVB.RO) |
2.0% |
4,704,921 |
|
Electrocontact Botosani (ECT.RO) |
1.9% |
11,725 |
|
Conted Dorohoi (CNTE.RO) |
1.2% |
167,718 |
|
Biofarm Bucuresti (BIO.RO) |
0.2% |
109,500,719 |
|
Bermas Suceava (BRM.RO) |
0.0% |
931 |
|
BRD Societe Generale (BRD.RO) |
0.0% |
40,403,955 |
|
Electroarges Curtea de Arges (ELGS.RO) |
0.0% |
45,145 |
|
Prefab Bucuresti (PREH.RO) |
0.0% |
49,916 |
|
Rompetrol Well Services (PTR.RO) |
0.0% |
138,015 |
|
Santierul Naval Orsova (SNO.RO) |
-0.1% |
13,816 |
|
Aerostar Bacau (ARS.RO) |
-0.2% |
91,689 |
|
Turism Felix Baile Felix (TUFE.RO) |
-0.2% |
33,967 |
|
Petrolexportimport (PEI.RO) |
-0.3% |
2,625 |
|
Altur Slatina (ALT.RO) |
-0.5% |
135,598 |
|
SIF Transilvania (SIF3.RO) |
-0.6% |
20,197,830 |
|
Ropharma Brasov (RPH.RO) |
-0.8% |
6,388,952 |
|
Banca Transilvania (TLV.RO) |
-1.2% |
16,374,829 |
|
Stirom Bucuresti (STIB.RO) |
-1.3% |
1,841 |
|
SIF Muntenia (SIF4.RO) |
-1.7% |
4,842,623 |
|
SIF Moldova (SIF2.RO) |
-1.8% |
9,230,285 |
|
Compa Sibiu (CMP.RO) |
-2.0% |
974,854 |
|
OMV Petrom (SNP.RO) |
-2.0% |
23,343,727 |
|
Broker Cluj (BRK.RO) |
-2.2% |
1,762,646 |
|
COMCM Constanta (CMCM.RO) |
-2.4% |
10,985 |
|
SIF Banat-Crisana (SIF1.RO) |
-2.5% |
11,454,372 |
|
Transgaz Medias (TGN.RO) |
-2.5% |
17,654,949 |
|
Comelf Bistrita (CMF.RO) |
-2.7% |
11,700 |
|
Romcarbon Buzau (ROCE.RO) |
-2.9% |
1,264 |
|
Zentiva Bucuresti (SCD.RO) |
-3.2% |
343,580 |
|
THR Marea Neagra (EFO.RO) |
-3.6% |
7,032 |
|
Transelectrica Bucuresti (TEL.RO) |
-3.9% |
11,101,198 |
|
Alro Slatina (ALR.RO) |
-4.0% |
36,090 |
|
Alumil Rom Industry Bucuresti (ALU.RO) |
-4.5% |
30,817 |
|
Rompetrol Rafinare Constanta (RRC.RO) |
-4.5% |
129,451 |
|
Oil Terminal Constanta (OIL.RO) |
-5.4% |
110,316 |
|
Mecanica Ceahlau (MECF.RO) |
-5.4% |
17,463 |
|
Turbomecanica Bucuresti (TBM.RO) |
-6.2% |
90,543 |
|
Contor Group Arad (CGC.RO) |
-6.4% |
98,883 |
|
VES Sighisoara (VESY.RO) |
-6.5% |
10,314 |
|
Vae Apcarom Buzau (APC.RO) |
-6.9% |
7,124 |
|
Mefin Sinaia (MEF.RO) |
-8.1% |
1,850 |
|
Farmaceutica Remedia Deva (RMAH.RO) |
-8.3% |
2,483 |
|
Sinteza Oradea (STZ.RO) |
-8.6% |
1,312 |
|
Teraplast Bistrita (TRP.RO) |
-10.0% |
121,174 |
|
Vrancart Adjud (VNC.RO) |
-10.1% |
72,031 |
|
Siretul Pascani (SRT.RO) |
-10.7% |
12,142 |
|
Electroaparataj (ELJ.RO) |
-10.7% |
2,616 |
|
Socep Constanta (SOCP.RO) |
-11.0% |
53,238 |
|
Boromir Prod Buzau (SPCU.RO) |
-12.8% |
44,841 |
|
Dafora Medias (DAFR.RO) |
-13.7% |
300,904 |
|
Carbochim Cluj-Napoca (CBC.RO) |
-14.4% |
1,034 |
|
Uztel Ploiesti (UZT.RO) |
-14.5% |
186,591 |
|
Condmag Brasov (COMI.RO) |
-18.7% |
771,728 |
|
Maillis Romania (MJM.RO) |
-21.9% |
2,382 |
|
Amonil Slobozia (AMO.RO) |
-26.2% |
37,038 |
|
Electroputere Craiova (EPT.RO) |
-49.5% |
94,216 |
Source: KTD Invest