Best performing BSE stocks in 2009

10. 124.5% return

Impact Developer (BSE:IMP) showed the biggest gain in 2009 – 124.5% but the return for 2008-2009 period has been -86%.

According to Intercapital report IMP’s performance was propped up by the 93.7% decline in 2008 rather than its financial results. Another factor that set off Impact stock price has been the shares’ consolidation operation and also by the foreign institutional investors’ interest in the company, such as Franklin Templeton.

9. 125.7% return

FIC Oltenia (BSE:SIF5) take the ninth spot in Wall-Street’s list with 125.7% year-on-year change in value, after 85% loss in 2008.

In 2009, the stocks showed a gain as fat as 117%, as the company paid out a dividend of 0.0504 lei/share.

SIF5’s assets value increased by 45% to 1.64 billion lei, the highest in its sector.

8. 152.8% return

Drug maker Zentiva Romania (BSE:SCD) has been the eighth best performing stock at the Bucharest trading with 152.7% return.

The public takeover offering launched by Sanofi has pushed SCD stocks to record values. Although the offering failed with only 3.4% equity being purchased by shareholders, the majority holder still makes acquisitions at the initial asking price.

In 2008-2009, the stocks had a negative return, of 41.5%

7. 157.7% return

The second drug company in Wall-Street’s list is Biofarm Bucharest (BSE:BIO) that had a 157.7% gain in 2009.

Stock prices were fired up by their tight correlation with the performance of the financial investment companies.

The loss recorded in 2008-2008 period was 64.5% , after a marked 82.6% decline in 2008.

6. 159.3% return

A high volatility and a dividend of 0.0252 lei/share have pushed FIC Transilvania shares (BSE:SIF3) straight to no. 6, with a return of 159.3% in 2009. However, the strong growth comes after a sharp decline of 66%.

In end-2008 –end 2009 period, the shares of the financial investment company gained 150%.

FIC3 assets grew 21% in 2009 from a year earlier to 1.62 billion lei.

5. 160.9% return

The stocks of the local construction and drilling company Dafora Medias (DAFR) have been the fifth best pick of 2009 with 160.9% return, despite the weak financial results for 2008.

Due to an outstanding performance last year, shares have recouped 2008 losses, but the return in the two years is -73%.

4. 205.3% return

Investors that bet on the shares of car parts maker Compa Sibiu (BSE:CMP) have seen their investments rocket 205.3%, a sharp reversal from 95% drop in 2008.

The company’s ability to remain on profit over the course of the year, despite the struggling economic crisis, has been a good factor to push prices to sky high levels.

3. 236.9% return

Condmag Brasov (BSE:COMI) shares made 236.6% leap in 2009. The growth was triggered by the 188% appreciation of stocks and by the capital hike operated last year.

For 2008-2009 period, the loss was 45.2%.

2. 240.5% return

The acquisition of the remaining 25% interest in The Rompetrol Group by the state-run KazMunaiGaz and the price forecasts in the public takeover offering have lifted Rompetrol Rafinare’s price up by a whopping 240.5% in 2009.

The gain wiped out the 2008-2009 decline to 42.7%.

1. 246.9% return

Alumil Rom Industry (BSE:ALU) has been by far the best pick of 2009 that saw its shares skyrocketing 246.9%.

The stable financial results for 2008 and the stock price drop recorded in the same year of 86% have had the biggest contribution to the 246.9% return recorded in 2009.