Top 10 best performing stocks at BSE in April

Stocks at Bucharest Stock Exchange came under extreme pressure in April, as a raft of economic news pushed the market’s most traded stocks sharply lower. However, there have been companies faring much better amid a distressed environment. Wall-Street compiled a list of ten stocks by their April performance.

10. Zimtub Zimnicea

Zimtub Zimnicea (BSE:ZIM) came in at No 10 with 12.12% monthly gain in April, but recorded an extremely low liquidity, below 90,000 lei.

“I believe the company’s performance was driven by its profit forecasts, because indicators can be anticipated fundamentally and the company can become very attractive for investors”, Gabriel Necula, Deputy Operations Director at Prime Transaction told Wall-Street.

The shareholders of the company approved the revenues and expenses budget for the year, which envisages a pre-tax profit of 609,139 lei.

9. Electroaparataj

Electroaparataj shares (BSE:ELJ) have risen 14.38% in April.

The issuer attracted 11,647 lei liquidity in April.

8. Energopetrol

Energopetrol recorded a monthly gain of 15% in April, and total trade value of 2,271 lei.

The growth may have been driven by the company’s profit forecasts for the year, of 200,000 lei, double from a year earlier.

The company earmarked 512,850 lei in investments this year.

7. Mecanica Ceahlau

Shares of the agricultural machinery manufacturer (BSE:MECF) recorded a monthly gain of 15.53% in April, and total trade value of 22,522 lei.

Mecanica Ceahlau expects to turn to profit this year, with a projected 0.27 million gross income, versus 7.84 million lei loss a year earlier.

6. Contor Group Arad

Contor Group Arad (BSE:CGC) posted 18.80% monthly gain in April and 186,518 lei liquidity.

The company expects a 3.7-fold higher profit this year, to 4.14 million lei.

5. Armatura Cluj-Napoca

Rounding up top five best performing stocks at BSE is Armatura Cluj-Napoca (BSE:ARM) with 21.18% gain in the trailing month.

The shares however attracted only 463 lei total trade value, the lowest of all issuers under review.

The company said it expects losses to narrow to 224,967 lei this year. The majority shareholder of the company is Herz Armaturen with 33% interest, and under stock market regulation, it should initiate a public takeover offering.

4. Comelf Bistrita

The environment protection equipment manufacturer Comelf Bistrita (BSE:CMF) rose 23.91% in April and attracted 13,373 lei total trade value.

Even though it operates in a particular niche market, the company posted six-times higher profit in 2009 and expects 593,000 this year.

3. Petrolexportimport

Petrolexportimport (BSE:PEI) came out third, with a monthly gain of 26.01%, and total trade value of 205,943 lei.

The company expects to break-even in 2010, after 3.96 million lei loss in 2009.

2. Cemacon Zalau

The transfer from Rasdaq to BSE continues to drive Cemacon Zalau (BSE:CEON) shares up. The stocks grew 26.55%.

The company attracted a total liquidity of 6.1 million lei.

1. Siretul Pascani

Siretul Pascani (BSE:SRT) scored the highest monthly gain in April, namely 33.08% and recorded a total liquidity of 747,077 lei.

The growth was largely driven by the public selling offering initiated by FIC Transilvania (BSE:SIF3).

Siretul Pascani expects to turn to profit this year, namely 855, 127.