However, company analysts warn that high returns, on several companies listed on the Bucharest Stock Exchange (BVB), were obtained on low volumes. “One example are Boromir shares (SPCU), that increased by more than 100% compared to the minimums, but whose average daily traded value was of RON 58,000 [some €13,726.5] in 2009. Likewise, Uztel (UZT), another firm whose
Shares rose sharply (+146 percent), registered an average daily value of transactions of RON 900 [some €213] in 2009,” the Head of the Analysis Department of Intercapital Invest, Andreea Gheorghe, said.
She added that, besides the services and technology sectors, the performance registered by Romanian enterprises are much better compared to those obtained by
Companies included in the American S&P 500 index. The second and the third place are filled by the financial service sector and industrial basic material producers, with gains of 93.6 percent and 86.3 percent, respectively.
“I do not believe any trend will take shape – either of growth or decline – neither this week not in the other summer weeks. A trend cannot take form on turnovers below €1 million,” the Head of Equities Market within ING Bank Romania, Florin Ilie, said.
