Top 100 companies on the Bucharest Stock Exchange

The biggest 100 companies on the Bucharest Stock Exchange (BSE) concentrate 96% of the total capitalisation of the market. Over 2,300 companies are currently listed on the Bucharest Stock Exchange and RASDAQ, of which more than 500 are trading. The Romanian capital market is among the first in Europe in terms of number of issuers.
The top 100 companies in terms of size, however, concentrate over 95% of the market capitalisation, and they are also the most traded companies on the market.
The value of the top 100 companies exceeded 36 billion euros out of a total of 37.1 billion euros in capitalisation for the two markets at the end of the trading session on Friday.
The top three companies on BSE, Petrom Bucuresti (SNP), BRD and Alro Slatina (ALR), concentrate almost half of the total capitalisation of the market. Alro Slatina climbed to the third position in the last few months, after its capitalisation went up by almost 1.5 billion euros.
The over 1 billion-euro companies were joined this year by Transelectrica Bucuresti (TEL) and Oltchim Ramnicu Valcea (OLT), taking the total to six, up from three at the beginning of the year.
Many of the Top 100 companies in terms of capitalisation benefited from significant rises of their shares in the first half of this year, many of them even doubling in value, while others increased by five or ten times.
The spectacular surges occurred amid an increase in liquidity, as well as a result of the capital increases operated by those companies.
The highest increases occurred on RASDAQ, where 23 companies exceeded 100 million euros in capitalisation, compared with the beginning of the year, when there was only one such company on RASDAQ, namely Asirom.
The over 100 million-euro companies on RASDAQ include many of the market stars of the last few months, such as Dafora Medias (DAFR), with a capitalisation of almost 300 million euros, which conducted one of the largest capital increases on the market, raising some 38 million euros from investors. Automobile Craiova (AUCS) reached 247 million euros, while expecting to be privatised, and Prospectiuni Bucuresti (PRSN), went up to 232 million euros, after the majority shareholder, businessman Ovidiu Tender sold some 12% in the company to boost its liquidity.
The stars of RASDAQ also include petroleum and gas companies such as Condmag Brasov (COMI), with a capitalisation of 128 million euros and Armax Gaz Medias (IPRU), which reached 116 million euros. There is also Electromagnetica Bucuresti (ELMA), whose capitalisation stands at 106 million euros and companies with significant real estate properties like Metav Bucuresti (METV) evaluated at 150 million euros, Romaero Bucuresti (RORX) – 145 million euros, and Imotrust Arad (ARCV), 120 million euros.
These companies have been among the most traded over the last few months, generating significant profits for investors, which were as high as ten times the amount invested in some cases, such as Imotrust Arad or Automobile Craiova.