1. BUCHAREST STOCK market EVOLUTION
During the transactioning week that just ended the Stock market continued to show signs of a stabilization. The BET index recorded an increase, the BET-FI index depreciated by a very small amount though. Overall, the BET index gained 2.96%, while the BET-FI lost 0.82%. The transactioned volumes registered an 30.70% increase (this week’s average is 26.47 millon RON compared to 20.25 million last week).
On the deal market a dea took place with 21 million IMP shares totalling 4.83 milion RON, the largest deal being the one consisting of DAFR stocks worth 1.96 million RON.
The exchange rates had the following evolution, the euro lost 0.90% versus the RON from 3.5489 to 3.5171, while the dollar went up by 0.19% from 2.2546 to 2.2588.
Evolution of BET and transactioned volume (chart)
Evolution of BET-FI and SIF transactioned volume (chart)
2. MOST IMPORTANT STOCKS
| Symbol | Liquidity* (mil. RON) | Price (RON) | Variation | |
| 18.07.08 | 25.07.08 | |||
| RRC | 26.37 | 0.0518 | 0.0526 | 1.54% |
| SIF5 | 16.49 | 1.9500 | 1.9200 | -1.54% |
| TLV | 11.66 | 0.2960 | 0.3120 | 5.41% |
| SIF2 | 11.62 | 1.6300 | 1.6300 | 0.00% |
| SIF4 | 10.54 | 1.0800 | 1.0800 | 0.00% |
| BRD | 9.52 | 18.6000 | 19.0000 | 2.15% |
| SIF3 | 9.05 | 0.9800 | 0.9800 | 0.00% |
| SIF1 | 6.84 | 1.5700 | 1.5300 | -2.55% |
| IMP | 6.26 | 0.2000 | 0.1970 | -1.50% |
| EBS | 4.61 | 149.0000 | 145.6000 | -2.28% |
*weekly total of transactions
Top 5 price gains
| Name | Variation |
| Grupul Editorilor si Difuzorilor de Presa S.A. (GDP) | 38.89% |
| TMK Artrom S.A. (ART) | 15.56% |
| Armatura S.A. (ARM) | 14.49% |
| Agras Vienna Insurance Group S.A. (ASA) | 14.33% |
| Santierul Naval Constanta S.A (SNC) | 13.17% |
Top 5 price drops
| Name | Variation |
| Nicolina S.A. (NCL) | -61.72% |
| Cercon Ariesul S.A. (CER) | -40.00% |
| Foraj Sonde Ploiesti S.A. (FSP) | -21.74% |
| Moldomobila S.A. (MOL) | -18.18% |
| Amylon S.A. (AMY) | -15.38% |
2. IMPORTANT LOCAL news
- The Romanian central bank unexpectedly hiked interest rates by a quarter point to 10.25 percent on Thursday, signalling it was more concerned about inflation than analysts had thought. Most economists surveyed by Reuters earlier this month had expected the bank to halt its nine-month tightening cycle in July because of forecasts that inflation will fall from two-year highs later this year.
- The largest financial institution in Romania, BCR, unveiled a net profit in the first semester of 2008 totalling 759.5 million RON (206.6 million euros), up by 63.5% compared to the first semester of 2008, according to data published by the company’s majority shareholder, Erste Bank. „BCR has become the most efficient bank in the group, even though it is still in the integration process, ant there are quite a few aspects to improve and problems to rezolve” said Andreas Treichl, Erste’s general manager on Wednesday.
- The portuary operator Socep S.A. (SOCP) reported on Wednesday a 30 million RON (8.4 million euros) turnover from the first semester, up by 61% from the first half of 2007. Moreover, the net profit registered in the first six months of this year is 5.4 million RON (1.5 million euros) over 70% more than the whole profit of 2007, and about 33 times larger than the profit in the first semester of 2007. Socep Constanţa is one of the few companies that had a good evolution this year on the Stock Exchage, while most of the other companies registered important drops.
3. IMPORTANT INTERNATIONAL news
- General Motors, on Friday, reported a $15.5 billion second-quarter loss, the third-worst quarterly performance in its nearly 100-year history. Through the first half of the year it used up more than $7 billion in cash, including $3.6 billion from April through June. company officials seem optimistic that a combination of expense cuts, increased car production and the introduction of new vehicles will slow the cash burn and eventually return GM to the black. But they're still prepared for an economic downturn that could last until 2010. "Ultimately we're going to have to grow the business in a tough market," conceded Chief Financial Officer Ray Young.
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Copyright: 2006 SSIF KD Capital management SA. All rights reserved.
For further Information please contact SSIF KD Capital management, a member of KD Group, 5 Gheorghe Manu Str, fl 4, 010442 Bucharest, Romania
Phone: +40 21 650 04 46, fax: +40 21 650 04 48, e-mail: radu.popescu-buzeu@kd-capital.ro, web site: www.kd-group.ro
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Market report 28 July-01 Aug 2008.pdf, 77 Kb
