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Energy, utilities and food industry seen possible sources of stock exchange gains, this year

The gains the Stock Exchange is expected to make in 2010 will mainly focus on the defensive sectors such as the energy, the utilities and the food industry, which are to preserve the profits gathered last year, brokers told the Ziarul financiar daily.

'The year 2010 will bring moderation in the growths and will calm down volatility. Moreover, I believe, we will know, at the end of the first quarter, whether the crisis on the Stock Exchange is over or not, based on the financial results companies reported in 2009. For the investors with a time horizon ranging between three and five years, the year 2010 is the right time to re-enter the market or start an investment,' said Dragos Neacsu, the chairman of Erste Asset Management, the biggest fund manager on the market with assets worth over 300 million euros. He bets on utilities and energy, represented on the Stock Exchange by companies such as Transgaz, Transelectica and Petrom, the Ziarul Financiar reads on.

The Stock Exchange was, by far, the most profitable investment in 2009, the investors betting on shares of Rompetrol Refinery or of Alumil, the aluminum system maker that tripled their money, while those staking on the financial investment companies (SIFs) earned profits higher than 100 percent.

The stocks of Banca Transilvania and Erste Bank also doubled the investors' money, although nobody would have dared betting on banks early in 2009.

The SIFs are favorites in the achievement of yields higher than on the average market, thank to the Parliament's project on increasing the ownership ceiling from 1 to 5 percent, but the investors no longer like the banks with dwindling profits.

The newspaper reports that Active Dinamic, the most profitable mutual fund in 2009, that brought for the first time an annual yield higher than 100 percent, achieved that performance by betting on less visible shares on the market, like Socot building company in Targu Mures, Avicola Buzau, Altur Slatina and Nitricom Oltenita. The shares of the Socot Targu Mures grew by 270 percent, and made a substantial contribution to the yield.

Sursa: http://www.actmedia.eu

Tags: exchange stock utilities energy

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