Internationally:
- Overnight China central bank governor Zhou Xiaochuan said "the country would keep investing in debt issued by euro-zone governments" which helped the international sentiment at the markets open
- Greece saga continued with rumors that opposition leader Samaras will sign a letter to the troika (ECB, IMF and EU Commission) and will commit to the tough austerity reforms - towards the middle of the day this rumors came true and helped the positive sentiment.
- French and German GDP came better than expected at +0,2% and -0,2% Q/Q
- In UK the unemployment rate came in line with the estimate at 8,4%
- Euro zone GDP for the fourth quarter came in at -0,3% Q/Q
- In US the Empire State Manufacturing Index for the month of February came in at 19,5
- The Industrial Production in US for the month of January came unchanged
In Romania:
- Romanian GDP for fourth quarter shrunk 0,2% from the previous quarter but gained 2,5% for the full year 2011 compared to the previous year
- Property Fund (FP) ended the year 2011 with a 543 Mil RON Net Profit and proposed a dividend to the shareholders of 0.038 which means at the current share price of 0.528 RON a Net dividend yield of 7,2%
- Transelectrica (TEL) posted 90.2 Mil RON Net Profit for the full year 2011
- SIF Transilvania (SIF3) posted a huge 207 Mil RON Net Profit buoyed by the selling of their BCR participation
- Transgaz (TGN) posted a 392 Mil RON Net Profit for the full year 2011
- SIF Moldova (SIF2) announced an increase in the shareholder equity with the sum of 103.817.917 Mil RON through the release of a new 1.038.179.176 shares with a nominal value of 0.1 RON per share
- Prodplast (PPL) has been reported buying 904.500 shares of SIF Oltenia (SIF5) at a 1.45 medium price per share
The Romanian markets started higher, propelled by the
international markets. But sellers
appeared quickly and pushed the market in the negative territory. At mid-day
the markets were flat but as the day progressed the markets moved deeper into
negative territory, pushed down also by rumors that EU will delay its bailout
plan to Greece, and stayed into negative teriory with the main indexes BET and BET-FI closing at -1,09% and
-1,78%
Romanian markets gained an average 40% from the start of the
year and after this impressive rally in just a month and a half, it's normal
for sellers to become more powerful and cash the profits. There are also some other
momentum indicators on charts that shows some weakening of this remarkable
uptrend. But so far any pullback of this movement can be considered a correction until it breaks
some important levels. Around 4.500 on
the BET Index and 22.000 on the BET-FI.
Next you'll see the 60 minute charts of the main Romanian
Indexes BET and BET-FI with a short description of their components:
BET Index is the main index of Bucharest Stock Exchange -It contains
the followings with their respective weigh on the index:
·
OMV Petrom (SNP) 21,51%
·
Property Fund (FP) 21,21%
·
Transilvania Bank (TLV) 20,18%
·
BRD Groupe Societe Generale (BRD) 17,64%
·
Transgaz (TGN) 7,22%
·
Bursa de Valori (BVB) 3,44%
·
Transelectrica (TEL) 3,36%
·
Biofarm (BIO) 2,82%
· Azomures (AZO) 2,12%
·
SSIF Broker (BRK) 0,51%
BET-FI is the second most important index of Bucharest Stock
Exchange - The FI at the end comes from Financial. It covers the five SIFs
(Financial Investment Societies) and recently has been added the Property Fund.
So this is what is contains with their weigh on the index.
· Property Fund (FP) 27,32%
· SIF Oltenia (SIF5) 16,66%
· SIF Moldova (SIF2) 15,27%
· SIF Transilvania (SIF3) 14,63%
· SIF Banat Crisana (SIF1) 13,68%
· SIF Muntenia (SIF4) 12,44%
· Property Fund (FP) 27,32%
· SIF Oltenia (SIF5) 16,66%
· SIF Moldova (SIF2) 15,27%
· SIF Transilvania (SIF3) 14,63%
· SIF Banat Crisana (SIF1) 13,68%
· SIF Muntenia (SIF4) 12,44%
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