1. BUCHAREST STOCK market EVOLUTION
During the transactioning week that just ended the Stock market registered a drop, but a substantially lighter one than the past few weeks. The BET index fell by only 0.43%, while the BET-FI index fell by 3.20%. The transactioned volumes registered an 11.19% increase (this week’s average is 26.79 millon RON compared to 24.09 million last week).
The exchange rates had the following evolution, the euro lost 0.66% versus the RON from 3.6066 to 3.2829, while the dollar fell by 1.56% from 2.3035 to 2.2676.
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 | |
| 04.07.08 | 11.07.08 | |||
| SIF3 | 41.52 | 1.1100 | 1.0600 | -4.50% |
| TLV | 12.31 | 0.3460 | 0.3360 | -2.89% |
| SIF2 | 9.93 | 1.8000 | 1.8100 | 0.56% |
| SIF5 | 9.63 | 2.4900 | 2.4200 | -2.81% |
| BRD | 9.26 | 19.0000 | 18.7000 | -1.58% |
| SIF4 | 8.92 | 1.3000 | 1.2300 | -5.38% |
| AZO | 7.54 | 0.5750 | 0.7550 | 31.30% |
| SIF1 | 7.16 | 1.8600 | 1.7900 | -3.76% |
| SNP | 5.22 | 0.4570 | 0.4260 | -6.78% |
| AMO | 4.33 | 0.0625 | 0.0780 | 24.80% |
*weekly total of transactions
Top 5 price gains
| Name | Variation |
| Rafinaria Astra Romana S.A.. (ASP) | 100.00% |
| Mobila Alfa S.A. (ALF) | 60.00% |
| Azomures S.A. (AZO) | 31.30% |
| Amonil S.A. (AMO) | 24.80% |
| Ema Piatra Neamt S.A. (EPN) | 21.67% |
Top 5 price drops
| Name | Variation |
| Amco S.A. (AMC) | -28.57% |
| Rafo S.A. (RAF) | -27.14% |
| Transilvania Constructii S.A. (COTR) | -20.49% |
| Mefin S.A. (MEF) | -15.63% |
| Carbochim S.A. (CBC) | -14.77% |
2. IMPORTANT LOCAL news
- The annual growth of prices in Romania was 8.61% in June, according to data published by the National Institute for Statistics. Compared to May, inflation grew by 0.28%. During the interval of June 2007 – June 2008, the largest price increases were registered in the food sector (11.77%), while the prices of non-alimentary products grew by 5.87%.
- The national currency (RON) registered on Wednesday its best value vs the euro. The National Bank of Romania listing an exchange rate of 3.5434 RON/euro, after on Tuesday the rate fell below 3.6 RON/euro. A lower value (3.5282) was last registered on the 27th of December 2007. On Friday the NBR listed a reference rate of 3.5829 RON/euro.
- Transilvania Bank (TLV), the largest bank funded with Romanian capital, announced that it registered in the first six months of 2008 a net income of 111.4 million RON (30.38 mil euros), up by 40% from the net income from the first six months of 2007 (79.5 million RON). The bank’s assets after the first semester totalled 15.8 billion RON (4.3 billion euros), up by 14% compared to their value at the end of 2007.
3. IMPORTANT INTERNATIONAL news
- Oil prices briefly spiked to a new record above $147 a barrel Friday then retreated to trade at $144.42, up $2.77, by midafternoon, as rising hostilities between the West and Iran and unrest in Nigeria sent investors rushing back to energy markets. A decline in the U.S. dollar and concerns about an oil worker strike in Brazil contributed to the higher price.
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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 7-11 July 2008.pdf, 75 Kb
