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Azomures hits growth by 40 pct on Stock Exchange

Shares of the chemical fertilizer producer Azomures based in Targu-Mures (central Romania) have increased by 6 percent on Monday, pushing up the last week advance to approximately 40 percent, amid an improved financial situation of the company.

The Azomures shares have started to gain the attention of the portfolio investors, and not only the attention of the speculators. The powerful increase recorded on Monday comes after the company reported the realization of 90 percent of the profit estimated for the entire year in the very first quarter. Such increases on the stock exchange are quite selective at this moment, with the market having been on an upward trend for quite a long time. Nevertheless, the brokers believe the drops will stagnate. The most significant drop, while referring to the important shares on the stock exchange, was recorded on Monday by the SIFs (Financial Investment Companies), which lost an average 2.4 percent. The SIFs reached thus the lowest level since end-September 2006. Sursa: http://www.rompress.ro

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