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Most Bucharest listed international shares see 12-month growth, Facebook, Apple, Microsoft take a dip

Most of the international shares listed on the alternative system of the Bucharest Stock Exchange (BVB) witnessed a significant increase in the past 12 months, yet giants Facebook, Apple and Microsoft dipped, shows data released by brokerage firm Tradeville.

According to Tradeville stock quote statistics in domestic ‘lei' for the interval March 5, 2012 - March 5, 2013, Bank of America rose by 47.66 percent; Bayer AG - 44.5 percent; Heineken AG - 43. 66 percent; Visa - 40.92 percent; Google - 38.4 percent; L'Oreal - 33.84 percent; JP Morgan - 27.86 percent.

On the other hand, Microsoft shares fell 6.9 percent; Facebook dipped 11.04 percent; Intel - 14.75 percent; Apple - 16.81 percent; and E-ON - 19.97 percent.

The growth seen by Bank of America Corp. (BAC), the bank running the widest territorial network in the U.S., was due to positive results on the asset management and global markets segments, the cut in provisioning costs for credit risk and improved capital adequacy indicators. The steady and sustained growth of Bayer AG shares (BAYN) was based on growing sales, especially in emerging markets, and the steady progress of innovation. Heineken last year saw its revenues and profits rise, while indebtedness dropped as the international brewer acquired a leading manufacturer in South East Asia.

'At the opposite end, Apple's evolution was affected by increased competition, profit mark-ups after a long upward trend and delays in the shipping of newly launched products. In the given context, we believe that investors' perception of Apple has changed during this period from a company undergoing fast-paced growth to that of a mature company,' said the cited source.

In the first months after listing, Facebook shares were impacted by the change in the perception of the company's potential. Recently, following management efforts towards monetization and reports on a record high number of users of the social networking service, both the mobile and classic platform, FB stocks bounced back.

The alternative trading system managed by BVB proved an excellent investment-growing instrument for investors who had the inspiration to enter trading on this market segment, assert Tradeville analysts.

'Selecting only first-rank issuers of Western Europe and the United States to offer them to Romanian investors for trading proved to be an inspired decision, much to their benefit. Tradeville reiterates its commitment to promoting the alternative system as an opportunity to access global companies. As a market maker, continuously providing buy and sell quotes, we seek, alongside the Bucharest Stock Exchange, to increase trading in these issuers by running promotional programs,' said Ovidiu Dumitrescu, deputy director general of the brokerage firm. 

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