Half Of RASDAQ's 80 Blue-Chips Brought Profit To Investors

05.26.2011 ZF English

Interest in RASDAQ market has plunged this year, amid its uncertain status and after some of its major companies were moved to the main market of the Bucharest Stock Exchange. Nevertheless, investors who continued to watch this segment closely and had the patience to seek among the over 1,000 companies still listed, were able to generate significant gains.

Half of the 80 companies that are most frequently traded on RASDAQ brought profit to investors since the start of the year, while the rest posted declines.

The top gainer was Astra Asigurari (ATRA.RO), an insurer controlled by the Adamescu family, which strengthened its top position on the insurance market. The main disadvantage is the low liquidity, with free float at just 0.3%. Astra shares rose a whopping 301.2%.

The shares of mineral water producer Perla Covasnei (PELA.RO), controlled by the Moraru family, rose by 167% in the wake of large transactions unfolded since early April.

Delfincom (DELF.RO), a company owned by investment fund Fondul Proprietatea (FP.RO), soared in the past two weeks, after the company announced it would auction off a series of assets.

Among blue-chips, Conpet Ploiesti (COTE.RO) and Argus Constanta (UARG.RO) are the most profitable so far, as a result of both the rising stock prices and the payment of significant dividend from 2010 profit.