KD Capital Management - Bucharest Stock Exchange - Weekly Report - Dec 10 - 14, 2007

© KD Group d.d.

File Market report 10-14 Dec.pdf, 187 Kb

1. STOCK exchange OVERVIEW
Last week the BET index fell 0,21%, and BET-FI increased 2,14%. The daily average reached 27,9 mln EUR, a strong comeback as compared withthe week before. This is due to the finalization of the Transgaz (TGN) ipo transaction, which was worth 63,83 mln EUR, 45,75% out of the last week’s total volume.

BET and turnover (chart)

BET-FI and SIFs' turnover (chart)

2. THE MOST IMPORTANT LISTED SHARES & company news

Ticker	Liquidity* (mil. BGN)	Price(BGN)		Change
		07.12.07	14.12.07
SIF5	47,640	4,2800	4,4000	2,80%
SIF2	45,210	3,4100	3,4900	2,35%
SIF1	34,910	3,6000	3,5700	-0,83%
SIF4	33,640	2,3900	2,4500	2,51%
BRD	22,720	25,7000	25,8000	0,39%
SIF3	18,250	2,3700	2,4500	3,38%
TLV	17,050	0,8600	0,8900	3,49%
PPL	8,990	3,8200	4,0000	4,71%
RRC	7,320	0,1019	0,1070	-1,83%
SNP	4,270	0,5050	0,5000	-0,99%

* weekly turnover

Top 5 gainers

Name	Change
Agras - Grupul Wiener Stadtische (ASA)	8,93%
Siretul Pascani (SRT)	7,69%
Energopetrol Campina (ENP)	6,00%
Prodplast Bucuresti (PPL)	4,71%
Vae Apcarom Buzau (APC)	4,17%

Top 5 losers

Name	Change
Electrocontact Boto?ani (ECT)	-16,32%
UCM Resita (UCM)	-6,25%
TMK Artrom (ART)	-5,42%
Zimtub Zimnicea (ZIM)	-4,74%
Loulis Targu Mures (MPN)	-4,64%

The final results of the Transgaz ipo were announced Tuesday, 11th of December. The small investor’s tranche was oversubscribed 11,32 times, and the big investor’s tranche 38,97 times. A total of 32,86 mln shares were subscribed, 28,08 times more than the share number. The Stock exchange informed that Wednesday, 19th of December, the Transgaz allocation rights trading will commence.
Starting 14th of December, the Bacău and Târgu Mureş municipal bonds are open for trading.
The Brasov Courthouse dismissed the request from Cocor Bucureşti (COCR) to cancel the SIF Transilvania (SIF3) General Shareholders Meeting regarding the share capital increase.
Petrom (SNP) announced that it has ended the process of transferring all of its approximately 500 gas stations to the Full Agency system. This system means the management of the stations will be attributed to independent dealers, while SNP will still be the owner of the gas stations and will impose the company standards, the product portfolio, the operating mode, the price policy and the promotion campaigns.
On 10th of December, SIF Oltenia (SIF5) bought 5,43% of Prodplast (PPL) for 2,43 mln EUR. In the same day, SIF Moldova (SIF2) reported selling 5,14% out of the PPL share capital.
SIF Muntenia (SIF4) subscribed for the Transgaz ipo a total of 156.320 shares, worth 8,47 mln EUR. After the allocation, the five Asset management Companies received a total number of 41.820 shares.
SIF Banat Crisana (SIF1) subscribed 1,61 mln shares at the Napomar Cluj-Napoca share capital increase for 1,14 mln EUR.
SIF Moldova (SIF2) sold 56.214 Remat Galaţi (REMQ) shares, meaning 24,73% out of the share capital, for a total value of 0,5 mln EUR.
SIF Oltenia sold 35,71% of Comargros Piteşti (CORE) for 0,7 mln EUR.
broker Cluj (BRK) bought 4.096 shares at Transilvania Constructii Cluj (COTR) at a price of 500 RON/share. The total value of the transaction amounted to 0,56 mln EUR.

3. PERSPECTIVES
For the next week the investors await the Transgaz allocation rights trading. We expect that the last trading week will mean an increase in the shares’ prices due to the entry of the unsubscribed Transgaz funds on the market.

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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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