Thursday , December 9 2021

The scholarship begins in the worst month of the year



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Taking into account the monthly development of the BET index since 2000, November is the month of the worst BSE, while the market this month dropped 0.2%. On the level of the last 18 years, November is the only month of the year with negative trends on the Bucharest Stock Exchange, and January is the best period, with an average increase of almost 6%.

However, in the last two weeks they were positive for BSE, while the BET index recorded growth in November by 1.4%, while BET-KST increased by 2.1%. The development comes as the first 9-month financial results announced by Romanian companies were generally positive.

OMV Petro (SNP) posted a net profit of 2.66 billion leja in the first nine months of this year, an increase of 44% compared to the same period of 2017, due to the improvement in the price of goods and the increase in demand for electricity. Also, Petro's revenues increased by 13% to 16.1 billion lei. SNP shares increased by 2.6% since the announcement of financial results (October 31).

BRD, the second largest company to publish its data at the end of the third quarter, reported net profit of 1.14 billion lei (+ 7.1%) and 11% increase in net income of banks. Although positive, the results were not a big surprise, so the stock market reaction was modest, and BRD shares recorded a slight correction of 0.1% on the day of publication.

Companies in the BET index ...

Read also: Companies in BET, in the balance sheet: slowdown or serious profit is reduced

Among the publishers who published financial reports on T3 are Medlife, SIF Banat-Crisana and Teraplast. The Medlife Group increased its net profit by 33% in 9 months, SIF Banat-Crisana by 18.4%, while Teraplast achieved a 40% increase in profits and a doubling of turnover.

The rise of the Romanian stock market in recent weeks is in contrast to the negative developments in Western Europe, where the German DAKS index fell 0.2% in November, while in the UK FTSE 100 it lost 0.4%. On the other hand, an American stock market was held, with the S & P 500 Index, which grew by 3.5% this year.

Source of Photography: Shutterstock

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