News » March, 2011 » 21 March 2011
Petrom has made one billion euros on the Stock Exchange since the beginning of the year
21.03.2011, 23:58 | Capital Markets | 966 views
A few months before the state is set to sell 9.84% in Petrom on the stock exchange, the company's shares have exceeded 0.4 lei. The shares of the biggest company in Romania, OMV Petrom (SNP) have gained 23% since the beginning of the year, yesterday reaching a high of 0.4149 lei, with the market value climbing to nearly 5.64 billion euros, i.e. an increase of 1.1 billion euros against December 2010. During the same period, the BET index gained around 10% and SIFs (Financial Investment Companies) climbed 14%. Petrom shares reached an all-time high on the Stock Exchange in 2006, when they exceeded 0.65 lei, with the company's capitalisation surpassing 10 billion euros. Read more on ZF.ro
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