6 Aprilie 2010
Top 10 best performing stocks at BSE in March
Stocks at the Bucharest Stock Exchange has a strong spring start this year, except for a minimal decline at five companies. Wall-Street compiled a list of ten stocks by their March performance.
10. Oltchim
The stocks’ good performance was largely driven by the company’s optimistic forecasts of making a profit this year and the cyclic nature of the trading.
The least performing stocks that moved lower in March trading were Sinteza Oradea (STZ), -7,27%, Rompetrol Rafinare (RRC), 4,95%, Titan Ilfov (MPN), cu drops of 3,94%, Ves Sighisoara (VESY), 2,64%, and Petrol Export Import (PEI), with 2,62% decline.
9. UAMT Oradea
The company has received recently the shareholders’ approval to merge with other companies in the group, which will bring the company’s total capital to 6.5 million lei.
8. Mefin Sinaia
“The best-performing companies year-to-date have been those issuers whose stocks were trading at very low multiples and values 20% below 2007 highs”, Andreea Gheorghe, analyst at Intercapital Invest told Wall-Street.
7. Broker Cluj
The brokerage company’s return to profit in 2009 has lifted BRK stock prices up 73.66% year-to-date.
6. Bermas Suceava
Year-to-date, Bermas shares have risen 46.67% at Bucharest Stock Exchange.
“The easing in risk aversion has shifted investors’ focus to these mid cap or low cap stocks. The shares’ performance wasn’t driven by the company’s good financial results, but rather projections, investors choosing stocks deemed undervalued”, said Gheorghe.
5. Prodplast Bucharest
Businessman Florin Pogonaru reported a holding of over 33% in the company, which will make Prodplast subject to a public takeover offering.
4. Aerostar
Year to date, ARS shares have grown 65.57%.
3. Farmaceutica Remedia
In 2009, the company turned to profit and said it would distribute a gross dividend of 0.003lei. RMAH shares have risen 59.88% year to date.
2. Compa Sibiu
“Compa has grabbed the spotlight this year, same as a year earlier. The outlook for the sector the company operates in is good; one of the company’s customers is Dacia, and the success the carmaker has been enjoying for the past 12 months has attracted interest also on its collaborators”, said Georgiana Pacesila, asset manager at Confident Invest.
1. Uztel Ploiesti
“The performance of the market should be analyzed at large; a quarterly 85% gain in UZT stocks must be analyzed according to the trading value of the issuer. Let’s remember that the company is one of the least traded stocks at BSE”, said the Intercapital analyst.
Year to date, UZT stocks have risen 55%.