How Stock Exchange companies performed in Q3

The best performers in July-September remained companies whose exports account for a large share of sales, while the pharmaceutical and oil sectors slowed down their growth significantly. Analysts believe exporters on the Stock Exchange stand the best chances of continuing to perform well, considering that there is still no Government endorsement for investment projects on the Romanian market, and that the population’s income remains affected by cuts.

The cumulated turnovers of 65 of the leading Stock Exchange-listed companies went up by 12.6% in the third quarter of the year, to 9.3 billion RON, slightly lower than the decline recorded in the first half of the year, of 13.9%. The actual increase remains low, because of the around 8% inflation. The biggest company on the market, OMV Petrom (SNP) boosted its sales by 6% to 4.8 billion RON, but posted losses.
Metallurgy companies were the most dynamic in the July-August period, boosting their turnovers by an average 66% against the similar interval of 2009 amid export demand and amid price increases.