Expectations of the stock market analysts concerning the future evolution of the quotations of the two major energy transporters listed on the Bucharest Stock Exchange (BSE) - the National Company for the Transport of Electricity "Transelectrica" (symbol: TEL) and the National Company for the Transport of Natural Gas "Transgaz" (symbol: TGN), are optimistic. The shares of the two companies fell in the first half of the year, after the registration date for dividends, and their profits in the first semester were smaller than in the similar period of last year.
* Nicu Grigoraş, "Intercapital Invest": The shares of TEL can grant investors very good returns in the next months
Shares of TEL and TGN fell after the passing of the registration dates, just like most of the stocks on the BSE, said Nicu Grigoraş, broker at "Intercapital Invest". However, the downward trend was broken at the end of July, once the upward trend of the foreign markets was confirmed, which made the domestic market follow suit, he went on to say.
Nicu Grigoraş said: "The dividend registration date coincided with the end of the secondary offering conducted by «Transelectrica». Once the registration date fell, the shares of TEL fell, just like most of the listed companies. The downward trend was halted by the unexpectedly good evolution of the foreign markets during the summer. If this trend stays on, the shares of TEL will give investors very good returns in the coming months".
The secondary public offer for 15% of the shares of TGN will most likely take place by the end of the year, under the pressure of the International Monetary Fund (FMI), the broker of "Intercapital Invest" said. In the opinion of Nicu Grigoraş, the success of the offer is extremely important for the subsequent development of the stock market, as well as for the ambitious public offers plan which the gover
