Investments on RASDAQ were the most profitable of all in the first half of this year as the shares listed on the market generated outstanding over 100% yields for investors.
The investors that had both the courage and the inspiration to invest in shares on RASDAQ early this year got much higher profits than on the Bucharest Stock Exchange, as the interest began to shift towards this market several months ago.
The prices of greatly undervalued shares against the financial results, the fact that a company operates in a sector with good growth prospects, or the significant real estate assets are the main reasons behind several companies' success on the RASDAQ index.
Still, under the circumstances, not even the most bullish of analysts could have predicted a 17,600% yield in just six months as has happened with Atlas Gip Ploiesti (ATGJ) shares. This company, which was probably known to less than 1% of investors on market until several months ago, was discovered in the last four months, like dozens of other companies that added tens of millions of euros to the market value in a matter of days.
The RASDAQ-C index, which gauges the performance of all the companies listed on RASDAQ, increased by 114% since the beginning of the year, yet many shares generated yields of more than 200%.
"The companies on RASDAQ have become attractive the moment their liquidity increased. It wasn't until they reached sufficient liquidity that brokers started recommending them to clients at their right value. Significant increases were generated by large volumes," explained Rares Nilas, BT Securities manager.
Others to have contributed to the increase in the liquidity of the companies were their majority shareholders, who sold stakes on the market to expand the investor base. In general, the shareholders who did this only stood to gain from the move, as the val
