Preluam datele brute de tranzactionare pentru compania noastra si indicele reprezentativ

Pentru TGN avem datele in Serie TGN

Pentru BET avem datele brute in Serie BET
Ajustam datele astfel incat seriile sa fie consistente si de marimi identice (eliminam surplusul de informatii indice pentru zilele
In Sumar Serii Tranzactionare avem in stanga seriile de preturi de inchidere brute (colorate cu gri)
Observam ca sunt mai multe date pentru BET. Trebuie sa identificam si sa eliminam surplususl de date (detalii aco
Trebuie sa obtinem doua serii de lungimi egale (colorate cu verde)
Calculam seriile de randamente zilnice pentru TGN si BET
In Sumar Serii Tranzactionare avem seriile colorate cu albastru
Calculam covarinata dintre cele 2 serii de randamente, varianta pentru seria de randamente a indicelui si apoi Beta (colorat c

ul de informatii indice pentru zilele in care compania nu s-a tranzactionat)

e (colorate cu gri)
am surplususl de date (detalii acolo)

e a indicelui si apoi Beta (colorat cu albastru in foaia Calculul k si g)

Data
1/3/2011
1/4/2011
1/5/2011
1/6/2011
1/7/2011
1/10/2011
1/11/2011
1/12/2011
1/13/2011
1/14/2011
1/17/2011
1/18/2011
1/19/2011
1/20/2011
1/21/2011
1/24/2011
1/25/2011
1/26/2011
1/27/2011
1/28/2011
1/31/2011
2/1/2011
2/2/2011
2/3/2011
2/4/2011
2/7/2011
2/8/2011
2/9/2011
2/10/2011
2/11/2011
2/14/2011
2/15/2011
2/16/2011
2/17/2011
2/18/2011
2/21/2011
2/22/2011
2/23/2011
2/24/2011
2/25/2011
2/28/2011
3/1/2011
3/3/2011
3/4/2011
3/7/2011
3/8/2011

Simbol
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN

Piata
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS

Desch
280
281
279.9
283
282.1
280
280
279.9
279.75
280.9
280
280.5
280.5
280
280.05
281.5
280
280.5
280
280
280
279
280
279.5
272.3
272.5
272.9
273.6
276
275.2
275.5
276
274.1
264.3
271
272.2
272
271
269.2
268
268
271
269.2
270
270
267.35

Maxim
Minim
Inchid
PretMed
280
279
280
282
279.5
282
282
278.5
282
283
282
283
283
280
280
281.5
279.9
279.9
280
278.7
280
280.9
279.9
280
281
279.5
280
282
279.35
280
281
280
280.5
282.8
280
280
281
280
280
283
280
283
283
280
283
281.5
279.6
279.7
283
279.5
280
281
280.1
281
280.1
279.5
280
281.7
279.4
281.7
280.5
279
280.5
280
279
280
280.8
280
280
279.5
272
272.2
273
272
272.5
273.5
272.1
272.8
273.5
272.5
273.5
278
273.6
278
277
275
277
276
275.1
275.5
277
275
275.5
276
274.1
274.1
276
264
264
272.6
264.3
271.4
272.5
270
271
272.5
271.5
272
272
270
270
271.5
269
269.6
269.2
266
266
268
267
268
271
268
271
271.5
269.05
269.1
270
269.2
269.5
270
269
269.5
270
264.3
268.9
270
267.3
269.5

Volum
481
1734
776
1117
1327
339
2419
971
2914
3178
509
1567
370
1631
641
3300
4119
252
2784
2667
2659
1597
598
4717
2636
1936
2102
397
6175
277
753
17
4076
2805
353
796
855
1303
886
423
1950
407
885
7386
1375
223

3/9/2011
3/10/2011
3/11/2011
3/14/2011
3/15/2011
3/16/2011
3/17/2011
3/18/2011
3/21/2011
3/22/2011
3/23/2011
3/25/2011
3/28/2011
3/29/2011
3/30/2011
3/31/2011
4/1/2011
4/4/2011
4/5/2011
4/6/2011
4/7/2011
4/8/2011
4/11/2011
4/12/2011
4/13/2011
4/14/2011
4/15/2011
4/18/2011
4/19/2011
4/20/2011
4/21/2011
4/22/2011
4/26/2011
4/27/2011
5/2/2011
5/3/2011
5/4/2011
5/5/2011
5/6/2011
5/9/2011
5/10/2011
5/11/2011
5/12/2011
5/13/2011
5/16/2011
5/17/2011
5/18/2011

TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN

REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS

270
267.8
267
266.5
266
265
265
269.8
263
260.5
270
271.05
272
272.8
272.5
270.6
273
272.9
269
268.95
269.5
269.45
270
268.85
268
268.1
270
267.5
264.1
265.1
268
265.5
269.85
270.1
250.1
249
249
250
247.5
251.8
249
248
247.05
246
252
257.2
257.05

270
270
269.85
267.5
268
269.5
268
269.8
265.9
263
275
273
273.85
273.85
273.8
273.35
273
272.9
270
270
270
271
270
268.9
270
270
270
269.9
267
269.9
270
269.9
270.5
271.95
259.9
249
251
250
248.5
256.9
250
250
247.05
253
257
257.2
257.05

267.7
266.5
266
264.7
259
264
265
262
256.5
260.5
267
270
271.65
272
270.4
270.6
271
269
269
268.5
269
269.45
268.9
267.5
267.3
267.9
267.5
263.6
263.8
265
265
265.5
269.6
270
250.1
248
248.5
248
247.1
250
249
247
240.5
246
250
254
254.05

267.8
270
266.15
267.5
260
266
266
263
260
261
268
271
271.65
272.9
271
271.2
272
269
269
269.9
269.7
269.6
268.9
267.9
269.9
267.95
267.7
263.6
264.1
266
265
269.85
270
271.5
254
248.5
249
248
248.2
250
250
248
242
250.5
257
254.95
255.5

230
526
243
300
3659
2124
2465
2921
1077
7420
23683
9497
4689
995
1244
1437
1270
891
2264
2035
652
2202
1692
3082
11384
1608
2010
2447
1284
4095
3422
19
2995
3244
14996
1690
5743
3014
3968
1538
30
1082
1820
901
1902
6023
3621

5/19/2011
5/20/2011
5/23/2011
5/24/2011
5/25/2011
5/26/2011
5/27/2011
5/30/2011
5/31/2011
6/1/2011
6/2/2011
6/3/2011
6/6/2011
6/7/2011
6/8/2011
6/14/2011
6/15/2011
6/16/2011
6/17/2011
6/20/2011
6/21/2011
6/22/2011
6/23/2011
6/24/2011
6/27/2011
6/28/2011
6/29/2011
6/30/2011
7/1/2011
7/4/2011
7/5/2011
7/6/2011
7/7/2011
7/8/2011
7/11/2011
7/13/2011
7/14/2011
7/18/2011
7/19/2011
7/20/2011
7/21/2011
7/22/2011
7/25/2011
7/26/2011
7/27/2011
7/28/2011
7/29/2011

TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN

REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS

255.5
256.05
257.5
257.5
255.7
251.05
252.1
252
252.1
254
253
253.5
256.3
261.5
261
274
265.6
267.7
258
260
262
263.9
238.4
236.4
235.1
237.7
235
230.1
231.3
231.2
237.3
240
244
246.9
240.05
237.95
237.4
235
232.7
230
232
230
228.7
229
230
228
226

257
258.7
257.9
257.5
255.7
255
252.9
255
253
255
254.5
260
261.5
265.2
265.4
274.9
269.5
267.7
261.4
263.95
263.5
264.5
238.4
239
238.9
237.9
235.1
232
231.3
237
240.9
244
246.5
246.9
243.95
238
237.4
235
236.8
230
232
234
229
230
230
228
226

255
256.05
252
253
250
251
252
251.9
252.1
253.05
252.5
253.1
256.3
260.2
260.8
265.5
263
258
258
260
261.5
260
234
234.5
235.1
232.5
230.2
230
230
230
234
239.1
240
240.05
240
237.9
234.4
233
229.2
230
232
229.5
228.6
229
228
224.6
224.6

256.05
258.7
257.5
255
250.4
253
252.2
252
253
255
253.2
253.1
261.1
260.2
265.3
265.5
263
258
260
261.4
263
260
234
235.1
236.2
232.5
230.2
230.1
230
237
240.2
244
245
240.15
240
237.9
234.5
235
229.3
230
232
230
228.6
229.9
228.05
224.7
224.6

646
330
1691
1758
653
802
674
708
105
458
1882
1280
1580
1810
3911
9350
4843
4471
1472
1459
3212
5692
2127
2625
321
1879
605
1066
245
508
3129
2346
960
416
160
25
25
30
203
609
1
2169
95
2124
67
1646
180

8/1/2011
8/2/2011
8/3/2011
8/4/2011
8/5/2011
8/8/2011
8/9/2011
8/10/2011
8/11/2011
8/12/2011
8/16/2011
8/17/2011
8/18/2011
8/19/2011
8/22/2011
8/23/2011
8/24/2011
8/25/2011
8/26/2011
8/29/2011
8/30/2011
8/31/2011
9/1/2011
9/2/2011
9/5/2011
9/6/2011
9/7/2011
9/8/2011
9/9/2011
9/12/2011
9/13/2011
9/14/2011
9/15/2011
9/16/2011
9/19/2011
9/20/2011
9/21/2011
9/22/2011
9/23/2011
9/26/2011
9/27/2011
9/28/2011
9/29/2011
9/30/2011
10/3/2011
10/4/2011
10/5/2011

TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN

REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS

229.5
223.3
221.2
217.5
196.3
191.8
175
189.8
177.3
181
184.5
184.6
192.5
181.5
189.5
190
193
197.6
198.2
197
200
201.1
200
200.9
197.5
194
200.5
202.9
199.9
195.1
192.1
194
192
197.8
194
192
193
199
190.55
185.3
190.1
193.1
193.05
193.7
192.3
190.1
192

229.5
224
221.5
217.5
199
191.9
179.4
190
180
184
186.2
192.5
192.5
189
190
193.4
197.65
200
198.9
198.5
200.5
203.5
201
200.9
197.5
196.8
203
203.8
200
195.1
192.1
194
196
199.5
194.5
194.9
200
202
191
189
195
193.1
195
195.9
193.5
191.1
193

223
221.1
210.5
208
189
181.5
154.55
177.05
173.5
181
180.1
184.6
187.1
179.9
183
190
193
197.6
195.95
196.5
199
201
199.7
197.5
192.8
193.6
200.5
196
196.3
190
189.8
191.5
192
190.6
191
192
193
191
183
180.3
190.1
193.05
192
193.7
191.5
190
191

223
222
210.7
208.5
193.2
181.8
171.05
177.3
177
184
185.5
192.5
187.1
188
186
192.2
197.3
198.7
197
198.5
200.5
203.5
201
199
192.8
196
203
196.1
197.1
190.3
190.4
192
196
190.6
193
193.1
199.45
191
187.7
189
194
193.05
193.6
194
191.5
191
191.7

590
1399
1372
894
4846
13508
8147
9279
1126
8376
2055
908
737
946
1538
1149
476
87
90
1539
481
540
54
183
292
32
427
659
54
1047
2811
84
380
467
710
2155
722
5167
2563
379
621
31
574
764
298
935
6119

10/6/2011
10/7/2011
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
11/1/2011
11/2/2011
11/3/2011
11/4/2011
11/7/2011
11/8/2011
11/9/2011
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
12/2/2011
12/5/2011
12/6/2011
12/7/2011
12/8/2011
12/9/2011
#########
#########

TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN

REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS

192
192
205
206.5
208
210
206.7
212.5
214
215
217
217.95
223.45
225.05
221.05
225
228
220
215
215
215
215.6
218
218
209.9
211
215.5
215
214
217
213
212.3
214
212
208.5
204
206
202.3
202
205.95
211.95
215
212.5
214.9
214
214.5
214

193
205
205
212.75
214.8
211.8
212.7
217.9
217.95
216.95
217.95
223.2
229
228
227
226.5
228
220
215
215
217.9
216
218
218
212
216
217
215.9
217
217
215
214.9
214
212
210
205
206
205
205.75
211.95
213.9
215
215.25
215
215.35
214.5
216

192
192
199
205
207.5
207
206.7
211.9
213
215
217
217.75
221.5
221
220.1
224
221.2
208
209
213.5
215
214
214.1
211
209
211
210
213
214
213
212
212.1
212
209
204
201.8
202
202
201.85
205.95
211.95
212
212.5
214.5
213
214.5
214

192.3
205
204
212.75
208.5
209
212.2
217.9
213.75
216
217.95
221.15
225
221
221
226.5
221.2
212.5
210
213.5
216
214.05
214.1
212
211.6
216
210
213.3
216
213
213
212.5
212
209
204
202.9
205
205
205.75
211.95
213.9
212.5
213
215
214
214.5
215

2599
3282
804
1888
1886
651
889
3152
832
90
2726
1240
2437
1936
477
2109
640
1693
1232
435
3424
2234
984
374
268
220
1038
880
809
1673
361
433
3460
609
838
1941
715
129
131
577
487
1829
311
132
1229
185
724

#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########

TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN
TGN

REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS
REGS

215
213
212.05
210.15
211
210.7
214
215
215.5
217
217.8

215
213
214.5
212
212
214
215
215.5
215.5
217.35
223.5

213
210.2
210.1
210.1
211
210.7
213
215
214
214.2
217.75

213
211
210.1
212
212
214
215
215.5
215
217.35
223.35

454
1036
107
95
1084
45
919
76
140
189
927

Valoare
NrTranz
Modif%
134644.2
24
486659.5
33
217278.3
33
315619
40
374042.4
53
94976.9
24
675378.4
77
271924
42
815960.5
43
894523.95
36
142826.8
28
439672
54
103697.3
22
460047.2
44
180583.4
25
924783.95
57
1153813.5
57
70696.8
12
779330
35
747455.3
51
743778.6
51
446078.7
38
167447.1
23
1299926
210
717910.8
105
527727.4
68
573759.2
36
109508.2
32
1706980.6
53
76369.1
17
207136.5
31
4667.7
6
1117622.1
100
759056
71
95705.6
32
216565.9
32
230963.8
45
351803
38
236003.1
63
113225.9
19
527103.95
67
110017.6
41
238550.25
69
1990616.1
52
368406.5
159
60013.9
16

61736.15
141106.85
64864.4
79735.35
953353.85
567198.45
657022
772579.65
280675.65
1947256.4
6411789.3
2574081.3
1276014
271556.25
338148.65
390925.3
346372.65
241610.45
609649.3
549171.5
175892.95
594174.2
455326.2
826127.6
3046467.3
431951.35
539062.3
652651.1
339637.1
1096059.5
913599.05
5104.75
808663.6
878784.05
3804884.6
419959.9
1430186.8
749297.4
981900.4
387839.7
7498
268109.45
441906.3
225721.65
479973.65
1535965.7
923323.85

58
26
33
57
162
76
102
151
89
108
620
241
130
45
99
65
38
55
94
53
37
76
75
148
84
63
61
125
71
111
119
9
67
65
415
62
113
129
108
65
8
77
121
56
87
42
23

165379.35
84873.8
433527.5
447522.7
163451.05
203216
170058.9
178580
26510.5
116672.55
477017.95
326990.2
409203.6
475945.1
1026743.7
2527259.9
1278584.4
1162447.9
382540.7
380305.35
844909.9
1491015.2
500249.35
618280.75
76071.95
441268.65
139928.3
245749.85
56383.6
118108.7
748927.6
568305.35
235235.75
100717.45
38408.15
5949.35
5867.4
7010
46737.5
140070
232
499552.5
21740.6
488424.8
15344.2
370910.15
40505.6

30
23
55
43
48
65
37
23
16
31
57
64
77
98
73
244
141
181
32
91
85
244
219
84
42
57
46
75
33
64
93
75
53
36
19
5
10
5
45
5
1
59
13
47
20
85
22

132770.45
311105.2
295190.1
190074.05
941766.15
2504755.1
1355300.5
1694551.6
198230.8
1516963.8
380328.55
170192.3
139037.8
172629.6
290774.2
221339.65
93320.9
17264.5
17728.95
303198
96184.5
109159.15
10832.5
36399.7
56801.45
6252.9
85753.3
131505.8
10658.5
200439.05
534945.75
16182
73540.8
90157.25
136532.85
415514.85
142124.8
1007947
482264.25
70675.85
120418.15
5984.7
111024.3
148313.7
57158.05
178021.8
1172978.2

59
56
137
70
317
281
396
205
109
122
130
74
60
105
57
87
43
20
17
19
48
46
9
29
42
13
44
45
15
96
48
10
20
31
25
21
40
72
120
46
42
5
25
45
28
59
29

500469.9
650076.55
161426.1
394192.5
394585.2
135675.65
188463.7
677395
178820.6
19450.15
591872.1
274281.3
548784.9
438560.15
105716.4
474043.05
144190.5
359914.5
258885.5
93507.4
739757.5
478267.1
212462.65
80044.2
56246.2
47305.4
221055.6
187724.5
174298.7
359185.55
76733.1
92029.85
734381.6
128123.65
173420.75
394147.5
145950.25
26195.1
26576.25
120508.2
103266.35
388897.4
66675.6
28372.1
262296.65
39682.5
155572.2

30
131
41
127
73
18
23
90
49
14
38
73
76
49
30
86
43
111
77
39
43
20
36
31
29
25
43
33
47
31
20
20
39
48
75
114
43
21
21
30
24
26
21
15
22
4
26

96774
218367.15
22607.5
20010.65
229242.2
9556.7
195918.85
16357.5
30092.5
40826.05
204612.85

18
49
17
10
31
9
52
10
16
27
46

Data
1/3/2011
1/4/2011
1/5/2011
1/6/2011
1/7/2011
1/10/2011
1/11/2011
1/12/2011
1/13/2011
1/14/2011
1/17/2011
1/18/2011
1/19/2011
1/20/2011
1/21/2011
1/24/2011
1/25/2011
1/26/2011
1/27/2011
1/28/2011
1/31/2011
2/1/2011
2/2/2011
2/3/2011
2/4/2011
2/7/2011
2/8/2011
2/9/2011
2/10/2011
2/11/2011
2/14/2011
2/15/2011
2/16/2011
2/17/2011
2/18/2011
2/21/2011
2/22/2011
2/23/2011
2/24/2011
2/25/2011
2/28/2011
3/1/2011
3/2/2011
3/3/2011
3/4/2011
3/7/2011

Indice
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET

Ultima valoare
Deschidere
Maxim
Minim
5366.38
5268.61 5370.66 5268.61
5421.61
5370.54 5422.34 5366.38
5421.29
5417.29 5421.98 5365.77
5542.79
5425.45 5542.79 5421.29
5589.91
5531.96 5636.65 5514.92
5626.23
5576.59 5647.11 5557.84
5688.55
5626.23 5708.91
5623.2
5758.84
5698.24 5770.73 5688.55
5784.57
5777.61 5793.84 5737.06
5757.69
5771.55 5809.31 5727.46
5784.02
5754.66 5794.73 5743.95
5825.3
5779.2 5869.88 5777.28
5858.56
5826.88 5901.74 5816.52
5808.01
5837.74 5858.56 5782.35
5755.34
5802.18 5815.06 5743.12
5766.23
5746.26 5778.87 5735.16
5773.31
5766
5778.1
5717.5
5742.68
5773.97 5775.02 5702.29
5750.61
5679.98 5750.61 5666.37
5742.44
5750.61 5750.61 5665.73
5672.66
5717.46 5742.44 5640.96
5685.15
5686.29 5731.72 5670.16
5748.33
5692.64 5760.32 5685.15
5676.52
5740.15 5748.33 5675.66
5678.06
5669.35 5688.65 5661.39
5716.12
5689.87 5727.76 5678.06
5729.52
5717.33 5744.53
5714.3
5751.26
5742.01 5760.31 5729.52
5703.57
5743.39 5751.26 5682.09
5640.97
5698.73 5713.97 5633.99
5656.45
5665.95 5676.18
5626.9
5658.4
5659.78 5682.14 5634.81
5594.59
5658.4 5674.79 5588.31
5632.71
5594.89 5632.89 5594.59
5671.88
5632.71 5677.66 5611.53
5642.37
5651.29 5671.88 5640.98
5626.42
5641.84 5642.37 5609.38
5721.81
5645.92 5723.58 5626.42
5607.32
5724.84 5725.31
5607
5691.89
5626.47 5691.89 5607.32
5864.43
5691.89 5864.43 5680.82
5792.66
5861.3 5867.86 5790.23
5765.13
5784.33 5792.66 5745.24
5850.06
5768.23 5850.06 5760.73
5845.16
5850.55 5861.69 5826.08
5848.51
5849.64 5852.57 5774.24

3/8/2011
3/9/2011
3/10/2011
3/11/2011
3/14/2011
3/15/2011
3/16/2011
3/17/2011
3/18/2011
3/21/2011
3/22/2011
3/23/2011
3/24/2011
3/25/2011
3/28/2011
3/29/2011
3/30/2011
3/31/2011
4/1/2011
4/4/2011
4/5/2011
4/6/2011
4/7/2011
4/8/2011
4/11/2011
4/12/2011
4/13/2011
4/14/2011
4/15/2011
4/18/2011
4/19/2011
4/20/2011
4/21/2011
4/22/2011
4/26/2011
4/27/2011
4/28/2011
4/29/2011
5/2/2011
5/3/2011
5/4/2011
5/5/2011
5/6/2011
5/9/2011
5/10/2011
5/11/2011
5/12/2011

BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET

5822.42
5872.04
5893.68
5801.82
5816.8
5657.21
5752.13
5805.13
5800.39
5797.74
5859.85
5842.69
5874.82
5992.63
6003.87
5940.68
5929.06
5937.25
5957.98
5909.48
5909.63
5951.44
6012.07
6068.4
5995.81
5943.92
5987.61
5945.81
5933.33
5900.04
5876.69
5941.48
5867.45
5917.36
5894.29
5936.18
5978.36
5924.74
5875.01
5756.88
5780.73
5775.53
5797.61
5781.88
5734.52
5667.36
5648.81

5847.95
5812.63
5861.42
5875.33
5789.4
5811.67
5657.28
5739.34
5813.65
5692.74
5820.83
5860.51
5841.21
5885.46
6052.82
6009.69
5944.18
5949.53
5933.25
5952.04
5897.7
5909.63
5951.44
6012.18
6077.81
5988.5
5953.83
5985.56
5948.91
5933.6
5900.04
5879.34
5941.48
5869.09
5912.28
5894.29
5920.75
5970.24
5914.22
5769.32
5755.33
5781.23
5766.49
5800.28
5781.88
5731.2
5658.97

5847.95
5872.04
5894.89
5911.13
5826.45
5820
5768.99
5805.13
5832.01
5810.27
5891.5
5906.73
5891.22
6007.54
6077.88
6026.86
5974.35
5970.45
5971.13
5959.68
5933.96
5977.13
6012.07
6068.4
6098.96
6016.29
6011.35
6004.66
5977.35
6023.16
5914.78
5956.56
5995.08
5917.36
5924.91
5937.68
5979.82
5978.36
5921.53
5873.97
5790.75
5816.38
5797.61
5813.73
5781.88
5753.51
5673.21

5795.01
5812.63
5836.16
5789.07
5766.15
5642.5
5657.28
5690.63
5768.24
5680.31
5820.83
5839.1
5818.18
5885.46
5990.49
5916.61
5928.07
5925.65
5928.64
5903.48
5875.22
5909.63
5950.88
5988.06
5986.46
5906.24
5931.74
5945.59
5879.91
5893.52
5824.85
5876.69
5867.45
5867.45
5888.77
5886.17
5920.75
5888.38
5843.77
5745.35
5729.15
5754.5
5728.63
5764.8
5730.57
5658.1
5569.3

5/13/2011
5/16/2011
5/17/2011
5/18/2011
5/19/2011
5/20/2011
5/23/2011
5/24/2011
5/25/2011
5/26/2011
5/27/2011
5/30/2011
5/31/2011
6/1/2011
6/2/2011
6/3/2011
6/6/2011
6/7/2011
6/8/2011
6/9/2011
6/10/2011
6/14/2011
6/15/2011
6/16/2011
6/17/2011
6/20/2011
6/21/2011
6/22/2011
6/23/2011
6/24/2011
6/27/2011
6/28/2011
6/29/2011
6/30/2011
7/1/2011
7/4/2011
7/5/2011
7/6/2011
7/7/2011
7/8/2011
7/11/2011
7/12/2011
7/13/2011
7/14/2011
7/15/2011
7/18/2011
7/19/2011

BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET

5719.38
5686.98
5648.53
5632.56
5621.82
5624.54
5534.8
5483.51
5418.58
5438.54
5485.95
5464.13
5468.66
5578.76
5523.25
5506.9
5564.53
5562.34
5571.93
5556.66
5545.92
5620.58
5593.89
5534.5
5560.65
5546.88
5573.67
5575.09
5500.04
5509.64
5410.02
5451.72
5471.62
5508.7
5490.79
5532.18
5629.05
5604.63
5616.61
5592.87
5526.59
5477.45
5455.59
5418.77
5460.94
5365.59
5348.95

5648.81
5717.92
5673.03
5651.74
5646.6
5622.63
5616.38
5519.27
5480.26
5412.8
5429.61
5486.65
5463.84
5473.21
5526.34
5519.12
5514.93
5563.36
5556.29
5548.15
5562.98
5545.92
5618.96
5545.46
5535.61
5550.21
5546.92
5585.13
5568.12
5500.33
5514.67
5410.89
5474.4
5483.24
5505.84
5483.76
5532.96
5631.17
5624.96
5645.65
5595.77
5525.14
5457.07
5455.95
5418.77
5460.94
5371.32

5727.92
5719.38
5694.98
5695.25
5661.08
5643.07
5624.54
5543.15
5484.59
5489.22
5486.56
5489.29
5502.2
5592.69
5578.76
5552.25
5574.1
5601.41
5571.93
5572.09
5564.01
5620.58
5638.77
5593.89
5582.35
5586.61
5617.97
5599.67
5575.09
5547.45
5515.97
5456.37
5510.53
5512.28
5524.46
5552.54
5629.05
5636.32
5679.93
5652.26
5595.77
5527.38
5477.45
5464.27
5463.03
5460.94
5392.85

5648.81
5665.14
5648.45
5632.56
5613.83
5615.22
5530.15
5476.54
5386.95
5412.8
5429.61
5446.31
5446.76
5468.66
5492.59
5505.99
5497.21
5530.81
5523.74
5523.17
5530.51
5545.92
5591.33
5483.54
5495.32
5521.05
5546.55
5553.6
5500.03
5494.94
5410.02
5410.02
5451.46
5471.34
5477.62
5483.76
5532.18
5568.22
5573.28
5581.99
5520.24
5458.66
5435.68
5398.78
5368.81
5338.17
5348.95

7/20/2011
7/21/2011
7/22/2011
7/25/2011
7/26/2011
7/27/2011
7/28/2011
7/29/2011
8/1/2011
8/2/2011
8/3/2011
8/4/2011
8/5/2011
8/8/2011
8/9/2011
8/10/2011
8/11/2011
8/12/2011
8/16/2011
8/17/2011
8/18/2011
8/19/2011
8/22/2011
8/23/2011
8/24/2011
8/25/2011
8/26/2011
8/29/2011
8/30/2011
8/31/2011
9/1/2011
9/2/2011
9/5/2011
9/6/2011
9/7/2011
9/8/2011
9/9/2011
9/12/2011
9/13/2011
9/14/2011
9/15/2011
9/16/2011
9/19/2011
9/20/2011
9/21/2011
9/22/2011
9/23/2011

BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET

5351.26
5356.5
5415.43
5412.46
5391.36
5364.71
5365.91
5345.09
5383.51
5297.77
5204.5
5129.9
4921.68
4508.71
4419.7
4557.7
4473.23
4678.71
4703.58
4757.87
4591.73
4487.56
4531.12
4557.47
4606.2
4643.99
4607.92
4720.72
4727.06
4804.33
4797.3
4717.59
4617.03
4588.5
4730.67
4694.92
4656.6
4482.16
4438.66
4481.12
4510.31
4475.02
4406.73
4430.78
4460.62
4307.43
4216.59

5346.92
5352.71
5375.38
5371.94
5414.53
5378.64
5363.26
5359.64
5357.43
5381.69
5297.77
5202.68
5029.09
4874.79
4413.37
4490.03
4507.55
4566.51
4697.26
4698.34
4761.53
4583.39
4446.14
4534.6
4561.83
4619.48
4638.77
4608.7
4729.43
4693.46
4804.33
4791.05
4703.07
4611.72
4670.46
4735.01
4694.63
4650.63
4529.16
4430.85
4481.12
4562.29
4475.02
4406.73
4410.91
4368.48
4301.3

5375.1
5366.63
5466.27
5437.44
5433.25
5391.36
5367.97
5365.91
5427.64
5383.51
5297.77
5262.71
5129.9
4921.68
4508.71
4704.09
4599.7
4684.05
4761.6
4762.15
4762.33
4591.73
4538.43
4618.44
4631.34
4678.01
4657.72
4724.94
4755.87
4821.17
4821.08
4797.3
4717.59
4628.89
4730.67
4743.61
4720.66
4656.6
4549.49
4508.07
4537.29
4578.4
4496.76
4442.11
4460.62
4460.62
4309.58

5341.41
5345.48
5356.5
5361.32
5374.84
5354.19
5337.02
5342.35
5345.09
5297.77
5204.42
5129.9
4801.55
4465.95
3957.12
4419.7
4380.72
4473.23
4620.32
4652.42
4580.26
4385.41
4435.44
4531.12
4557.47
4606.2
4588.9
4607.92
4679.75
4693.46
4739.68
4696.43
4592.46
4573.28
4588.5
4677.23
4652.33
4446.83
4388.9
4404.75
4481.12
4470.48
4395.29
4393.53
4397.51
4304.11
4152.88

9/26/2011
9/27/2011
9/28/2011
9/29/2011
9/30/2011
10/3/2011
10/4/2011
10/5/2011
10/6/2011
10/7/2011
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
11/1/2011
11/2/2011
11/3/2011
11/4/2011
11/7/2011
11/8/2011
11/9/2011
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########

BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET

4206.95
4352.18
4302.48
4342.81
4327.13
4240.47
4191.9
4213.41
4280.49
4551.61
4470.44
4484.46
4494.43
4442.5
4476.52
4519.59
4497.67
4526.67
4487.13
4549.45
4552.25
4519.26
4517.12
4705.31
4664.64
4579.62
4488.1
4468.89
4475.37
4511.1
4553.11
4557.03
4535.43
4512.65
4554.84
4528.74
4507.7
4511.11
4479.53
4424.05
4377.04
4347.23
4275.6
4238.06
4241.55
4172.21
4191.86

4193.1
4209.58
4313.08
4302.28
4345.61
4294.02
4238.94
4203.79
4228.09
4295.17
4542.12
4506.6
4483.07
4493.92
4442.69
4461.62
4519.59
4497.67
4506.58
4487.15
4551.7
4529.9
4515.66
4538.26
4705.52
4673.74
4579.62
4485.2
4471.34
4483.65
4508.27
4593
4599.46
4527.15
4517.64
4569.23
4530.55
4506.12
4504
4476.59
4410.54
4392.25
4344.82
4275.6
4238.06
4259.17
4164.76

4252.12
4365.73
4364.15
4347.96
4350.76
4327.13
4240.47
4232.63
4295.29
4551.61
4551.61
4533.96
4510.67
4500.77
4476.52
4530.18
4522.53
4539.64
4530.81
4574.13
4578.1
4564.48
4544.67
4706.33
4729.67
4673.74
4589.1
4516.14
4488.91
4542.07
4566.67
4650.93
4599.84
4535.43
4559.79
4601.63
4553.31
4518.21
4520.66
4485.96
4424.05
4393.06
4347.23
4319.36
4263.66
4337.12
4197.67

4143.73
4206.95
4296.37
4302.2
4323.19
4223.41
4153.05
4191.9
4213.41
4280.49
4431.54
4470.44
4438.78
4437.21
4421.45
4460.38
4447.55
4486.78
4468.02
4473.06
4538.56
4519.26
4498.5
4517.12
4659.15
4571.67
4439.09
4432.85
4438.55
4475.37
4476.53
4553.11
4524.32
4482.2
4512.65
4528.74
4494.69
4488.11
4463.13
4422.8
4375.87
4329.48
4271.92
4232.18
4196.62
4172.21
4144.1

#########
12/2/2011
12/5/2011
12/6/2011
12/7/2011
12/8/2011
12/9/2011
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########
#########

BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET
BET

4245.33
4346.64
4405.8
4383.5
4375.58
4363.52
4359.48
4310.78
4298.59
4276.48
4324.14
4272.67
4283.13
4256.07
4302.8
4307.82
4319.56
4299.69
4263.93
4277.52
4336.95

4200.38
4248.07
4355.56
4403.58
4383.55
4378.94
4363.52
4359.48
4322.69
4309.47
4279.42
4328.2
4261.58
4280.4
4269.04
4303.27
4307.82
4317.52
4303.57
4267.85
4275.93

4261.58
4346.64
4406.51
4407.72
4409.46
4387
4378.42
4359.68
4328.52
4309.47
4352.37
4338.78
4299.95
4296.87
4309.59
4329.47
4347.73
4327.74
4307.72
4286.92
4336.95

4170.69
4245.33
4346.64
4364.85
4375.15
4335.29
4317.76
4310.78
4292.17
4271.05
4276.48
4263.69
4260.31
4200.34
4256.07
4279.23
4295.11
4282.53
4260.09
4251.5
4273.71

Data TGN Cotatie TGN Data BET Cotatie BET

1/3/2011
280 1/3/2011
5366.38
1/4/2011
282 1/4/2011
5421.61
1/5/2011
282 1/5/2011
5421.29
1/6/2011
283 1/6/2011
5542.79
1/7/2011
280 1/7/2011
5589.91
1/10/2011
279.9 1/10/2011
5626.23
1/11/2011
280 1/11/2011
5688.55
1/12/2011
280 1/12/2011
5758.84
1/13/2011
280 1/13/2011
5784.57
1/14/2011
280 1/14/2011
5757.69
1/17/2011
280.5 1/17/2011
5784.02
1/18/2011
280 1/18/2011
5825.3
1/19/2011
280 1/19/2011
5858.56
1/20/2011
283 1/20/2011
5808.01
1/21/2011
283 1/21/2011
5755.34
1/24/2011
279.7 1/24/2011
5766.23
1/25/2011
280 1/25/2011
5773.31
1/26/2011
281 1/26/2011
5742.68
1/27/2011
280 1/27/2011
5750.61
1/28/2011
281.7 1/28/2011
5742.44
1/31/2011
280.5 1/31/2011
5672.66
2/1/2011
280 2/1/2011
5685.15
2/2/2011
280 2/2/2011
5748.33
2/3/2011
272.2 2/3/2011
5676.52
2/4/2011
272.5 2/4/2011
5678.06
2/7/2011
272.8 2/7/2011
5716.12
2/8/2011
273.5 2/8/2011
5729.52
2/9/2011
278 2/9/2011
5751.26
2/10/2011
277 2/10/2011
5703.57
2/11/2011
275.5 2/11/2011
5640.97
2/14/2011
275.5 2/14/2011
5656.45
2/15/2011
274.1 2/15/2011
5658.4
2/16/2011
264 2/16/2011
5594.59
2/17/2011
271.4 2/17/2011
5632.71
2/18/2011
271 2/18/2011
5671.88
2/21/2011
272 2/21/2011
5642.37
2/22/2011
270 2/22/2011
5626.42
2/23/2011
269.6 2/23/2011
5721.81
2/24/2011
266 2/24/2011
5607.32
2/25/2011
268 2/25/2011
5691.89
2/28/2011
271 2/28/2011
5864.43
3/1/2011
269.1 3/1/2011
5792.66
3/3/2011
269.5 3/2/2011
5765.13
3/4/2011
269.5 3/3/2011
5850.06
3/7/2011
268.9 3/4/2011
5845.16
3/8/2011
269.5 3/7/2011
5848.51
3/9/2011
267.8 3/8/2011
5822.42
3/10/2011
270 3/9/2011
5872.04
3/11/2011
266.15 3/10/2011
5893.68

DATE AJUSTATE
Data TGN Cotatie TGN Data BET
1/3/2011
280.00 1/3/2011
1/4/2011
282.00 1/4/2011
1/5/2011
282.00 1/5/2011
1/6/2011
283.00 1/6/2011
1/7/2011
280.00 1/7/2011
1/10/2011
279.90 1/10/2011
1/11/2011
280.00 1/11/2011
1/12/2011
280.00 1/12/2011
1/13/2011
280.00 1/13/2011
1/14/2011
280.00 1/14/2011
1/17/2011
280.50 1/17/2011
1/18/2011
280.00 1/18/2011
1/19/2011
280.00 1/19/2011
1/20/2011
283.00 1/20/2011
1/21/2011
283.00 1/21/2011
1/24/2011
279.70 1/24/2011
1/25/2011
280.00 1/25/2011
1/26/2011
281.00 1/26/2011
1/27/2011
280.00 1/27/2011
1/28/2011
281.70 1/28/2011
1/31/2011
280.50 1/31/2011
2/1/2011
280.00 2/1/2011
2/2/2011
280.00 2/2/2011
2/3/2011
272.20 2/3/2011
2/4/2011
272.50 2/4/2011
2/7/2011
272.80 2/7/2011
2/8/2011
273.50 2/8/2011
2/9/2011
278.00 2/9/2011
2/10/2011
277.00 2/10/2011
2/11/2011
275.50 2/11/2011
2/14/2011
275.50 2/14/2011
2/15/2011
274.10 2/15/2011
2/16/2011
264.00 2/16/2011
2/17/2011
271.40 2/17/2011
2/18/2011
271.00 2/18/2011
2/21/2011
272.00 2/21/2011
2/22/2011
270.00 2/22/2011
2/23/2011
269.60 2/23/2011
2/24/2011
266.00 2/24/2011
2/25/2011
268.00 2/25/2011
2/28/2011
271.00 2/28/2011
3/1/2011
269.10 3/1/2011
3/3/2011
269.50 3/3/2011
3/4/2011
269.50 3/4/2011
3/7/2011
268.90 3/7/2011
3/8/2011
269.50 3/8/2011
3/9/2011
267.80 3/9/2011
3/10/2011
270.00 3/10/2011

3/14/2011
3/15/2011
3/16/2011
3/17/2011
3/18/2011
3/21/2011
3/22/2011
3/23/2011
3/25/2011
3/28/2011
3/29/2011
3/30/2011
3/31/2011
4/1/2011
4/4/2011
4/5/2011
4/6/2011
4/7/2011
4/8/2011
4/11/2011
4/12/2011
4/13/2011
4/14/2011
4/15/2011
4/18/2011
4/19/2011
4/20/2011
4/21/2011
4/22/2011
4/26/2011
4/27/2011
5/2/2011
5/3/2011
5/4/2011
5/5/2011
5/6/2011
5/9/2011
5/10/2011
5/11/2011
5/12/2011
5/13/2011
5/16/2011
5/17/2011
5/18/2011
5/19/2011
5/20/2011
5/23/2011
5/24/2011
5/25/2011
5/26/2011

267.5
260
266
266
263
260
261
268
271
271.65
272.9
271
271.2
272
269
269
269.9
269.7
269.6
268.9
267.9
269.9
267.95
267.7
263.6
264.1
266
265
269.85
270
271.5
254
248.5
249
248
248.2
250
250
248
242
250.5
257
254.95
255.5
256.05
258.7
257.5
255
250.4
253

3/11/2011
3/14/2011
3/15/2011
3/16/2011
3/17/2011
3/18/2011
3/21/2011
3/22/2011
3/23/2011
3/24/2011
3/25/2011
3/28/2011
3/29/2011
3/30/2011
3/31/2011
4/1/2011
4/4/2011
4/5/2011
4/6/2011
4/7/2011
4/8/2011
4/11/2011
4/12/2011
4/13/2011
4/14/2011
4/15/2011
4/18/2011
4/19/2011
4/20/2011
4/21/2011
4/22/2011
4/26/2011
4/27/2011
4/28/2011
4/29/2011
5/2/2011
5/3/2011
5/4/2011
5/5/2011
5/6/2011
5/9/2011
5/10/2011
5/11/2011
5/12/2011
5/13/2011
5/16/2011
5/17/2011
5/18/2011
5/19/2011
5/20/2011

5801.82
5816.8
5657.21
5752.13
5805.13
5800.39
5797.74
5859.85
5842.69
5874.82
5992.63
6003.87
5940.68
5929.06
5937.25
5957.98
5909.48
5909.63
5951.44
6012.07
6068.4
5995.81
5943.92
5987.61
5945.81
5933.33
5900.04
5876.69
5941.48
5867.45
5917.36
5894.29
5936.18
5978.36
5924.74
5875.01
5756.88
5780.73
5775.53
5797.61
5781.88
5734.52
5667.36
5648.81
5719.38
5686.98
5648.53
5632.56
5621.82
5624.54

3/11/2011
3/14/2011
3/15/2011
3/16/2011
3/17/2011
3/18/2011
3/21/2011
3/22/2011
3/23/2011
3/25/2011
3/28/2011
3/29/2011
3/30/2011
3/31/2011
4/1/2011
4/4/2011
4/5/2011
4/6/2011
4/7/2011
4/8/2011
4/11/2011
4/12/2011
4/13/2011
4/14/2011
4/15/2011
4/18/2011
4/19/2011
4/20/2011
4/21/2011
4/22/2011
4/26/2011
4/27/2011
5/2/2011
5/3/2011
5/4/2011
5/5/2011
5/6/2011
5/9/2011
5/10/2011
5/11/2011
5/12/2011
5/13/2011
5/16/2011
5/17/2011
5/18/2011
5/19/2011
5/20/2011
5/23/2011
5/24/2011
5/25/2011

266.15
267.50
260.00
266.00
266.00
263.00
260.00
261.00
268.00
271.00
271.65
272.90
271.00
271.20
272.00
269.00
269.00
269.90
269.70
269.60
268.90
267.90
269.90
267.95
267.70
263.60
264.10
266.00
265.00
269.85
270.00
271.50
254.00
248.50
249.00
248.00
248.20
250.00
250.00
248.00
242.00
250.50
257.00
254.95
255.50
256.05
258.70
257.50
255.00
250.40

3/11/2011
3/14/2011
3/15/2011
3/16/2011
3/17/2011
3/18/2011
3/21/2011
3/22/2011
3/23/2011
3/25/2011
3/28/2011
3/29/2011
3/30/2011
3/31/2011
4/1/2011
4/4/2011
4/5/2011
4/6/2011
4/7/2011
4/8/2011
4/11/2011
4/12/2011
4/13/2011
4/14/2011
4/15/2011
4/18/2011
4/19/2011
4/20/2011
4/21/2011
4/22/2011
4/26/2011
4/27/2011
5/2/2011
5/3/2011
5/4/2011
5/5/2011
5/6/2011
5/9/2011
5/10/2011
5/11/2011
5/12/2011
5/13/2011
5/16/2011
5/17/2011
5/18/2011
5/19/2011
5/20/2011
5/23/2011
5/24/2011
5/25/2011

5/27/2011
5/30/2011
5/31/2011
6/1/2011
6/2/2011
6/3/2011
6/6/2011
6/7/2011
6/8/2011
6/14/2011
6/15/2011
6/16/2011
6/17/2011
6/20/2011
6/21/2011
6/22/2011
6/23/2011
6/24/2011
6/27/2011
6/28/2011
6/29/2011
6/30/2011
7/1/2011
7/4/2011
7/5/2011
7/6/2011
7/7/2011
7/8/2011
7/11/2011
7/13/2011
7/14/2011
7/18/2011
7/19/2011
7/20/2011
7/21/2011
7/22/2011
7/25/2011
7/26/2011
7/27/2011
7/28/2011
7/29/2011
8/1/2011
8/2/2011
8/3/2011
8/4/2011
8/5/2011
8/8/2011
8/9/2011
8/10/2011
8/11/2011

252.2
252
253
255
253.2
253.1
261.1
260.2
265.3
265.5
263
258
260
261.4
263
260
234
235.1
236.2
232.5
230.2
230.1
230
237
240.2
244
245
240.15
240
237.9
234.5
235
229.3
230
232
230
228.6
229.9
228.05
224.7
224.6
223
222
210.7
208.5
193.2
181.8
171.05
177.3
177

5/23/2011
5/24/2011
5/25/2011
5/26/2011
5/27/2011
5/30/2011
5/31/2011
6/1/2011
6/2/2011
6/3/2011
6/6/2011
6/7/2011
6/8/2011
6/9/2011
6/10/2011
6/14/2011
6/15/2011
6/16/2011
6/17/2011
6/20/2011
6/21/2011
6/22/2011
6/23/2011
6/24/2011
6/27/2011
6/28/2011
6/29/2011
6/30/2011
7/1/2011
7/4/2011
7/5/2011
7/6/2011
7/7/2011
7/8/2011
7/11/2011
7/12/2011
7/13/2011
7/14/2011
7/15/2011
7/18/2011
7/19/2011
7/20/2011
7/21/2011
7/22/2011
7/25/2011
7/26/2011
7/27/2011
7/28/2011
7/29/2011
8/1/2011

5534.8
5483.51
5418.58
5438.54
5485.95
5464.13
5468.66
5578.76
5523.25
5506.9
5564.53
5562.34
5571.93
5556.66
5545.92
5620.58
5593.89
5534.5
5560.65
5546.88
5573.67
5575.09
5500.04
5509.64
5410.02
5451.72
5471.62
5508.7
5490.79
5532.18
5629.05
5604.63
5616.61
5592.87
5526.59
5477.45
5455.59
5418.77
5460.94
5365.59
5348.95
5351.26
5356.5
5415.43
5412.46
5391.36
5364.71
5365.91
5345.09
5383.51

5/26/2011
5/27/2011
5/30/2011
5/31/2011
6/1/2011
6/2/2011
6/3/2011
6/6/2011
6/7/2011
6/8/2011
6/14/2011
6/15/2011
6/16/2011
6/17/2011
6/20/2011
6/21/2011
6/22/2011
6/23/2011
6/24/2011
6/27/2011
6/28/2011
6/29/2011
6/30/2011
7/1/2011
7/4/2011
7/5/2011
7/6/2011
7/7/2011
7/8/2011
7/11/2011
7/13/2011
7/14/2011
7/18/2011
7/19/2011
7/20/2011
7/21/2011
7/22/2011
7/25/2011
7/26/2011
7/27/2011
7/28/2011
7/29/2011
8/1/2011
8/2/2011
8/3/2011
8/4/2011
8/5/2011
8/8/2011
8/9/2011
8/10/2011

253.00
252.20
252.00
253.00
255.00
253.20
253.10
261.10
260.20
265.30
265.50
263.00
258.00
260.00
261.40
263.00
260.00
234.00
235.10
236.20
232.50
230.20
230.10
230.00
237.00
240.20
244.00
245.00
240.15
240.00
237.90
234.50
235.00
229.30
230.00
232.00
230.00
228.60
229.90
228.05
224.70
224.60
223.00
222.00
210.70
208.50
193.20
181.80
171.05
177.30

5/26/2011
5/27/2011
5/30/2011
5/31/2011
6/1/2011
6/2/2011
6/3/2011
6/6/2011
6/7/2011
6/8/2011
6/14/2011
6/15/2011
6/16/2011
6/17/2011
6/20/2011
6/21/2011
6/22/2011
6/23/2011
6/24/2011
6/27/2011
6/28/2011
6/29/2011
6/30/2011
7/1/2011
7/4/2011
7/5/2011
7/6/2011
7/7/2011
7/8/2011
7/11/2011
7/13/2011
7/14/2011
7/18/2011
7/19/2011
7/20/2011
7/21/2011
7/22/2011
7/25/2011
7/26/2011
7/27/2011
7/28/2011
7/29/2011
8/1/2011
8/2/2011
8/3/2011
8/4/2011
8/5/2011
8/8/2011
8/9/2011
8/10/2011

8/12/2011
8/16/2011
8/17/2011
8/18/2011
8/19/2011
8/22/2011
8/23/2011
8/24/2011
8/25/2011
8/26/2011
8/29/2011
8/30/2011
8/31/2011
9/1/2011
9/2/2011
9/5/2011
9/6/2011
9/7/2011
9/8/2011
9/9/2011
9/12/2011
9/13/2011
9/14/2011
9/15/2011
9/16/2011
9/19/2011
9/20/2011
9/21/2011
9/22/2011
9/23/2011
9/26/2011
9/27/2011
9/28/2011
9/29/2011
9/30/2011
10/3/2011
10/4/2011
10/5/2011
10/6/2011
10/7/2011
10/10/2011
10/11/2011
10/12/2011
10/13/2011
10/14/2011
10/17/2011
10/18/2011
10/19/2011
10/20/2011
10/21/2011

184
185.5
192.5
187.1
188
186
192.2
197.3
198.7
197
198.5
200.5
203.5
201
199
192.8
196
203
196.1
197.1
190.3
190.4
192
196
190.6
193
193.1
199.45
191
187.7
189
194
193.05
193.6
194
191.5
191
191.7
192.3
205
204
212.75
208.5
209
212.2
217.9
213.75
216
217.95
221.15

8/2/2011
8/3/2011
8/4/2011
8/5/2011
8/8/2011
8/9/2011
8/10/2011
8/11/2011
8/12/2011
8/16/2011
8/17/2011
8/18/2011
8/19/2011
8/22/2011
8/23/2011
8/24/2011
8/25/2011
8/26/2011
8/29/2011
8/30/2011
8/31/2011
9/1/2011
9/2/2011
9/5/2011
9/6/2011
9/7/2011
9/8/2011
9/9/2011
9/12/2011
9/13/2011
9/14/2011
9/15/2011
9/16/2011
9/19/2011
9/20/2011
9/21/2011
9/22/2011
9/23/2011
9/26/2011
9/27/2011
9/28/2011
9/29/2011
9/30/2011
10/3/2011
10/4/2011
10/5/2011
10/6/2011
10/7/2011
10/10/2011
10/11/2011

5297.77
5204.5
5129.9
4921.68
4508.71
4419.7
4557.7
4473.23
4678.71
4703.58
4757.87
4591.73
4487.56
4531.12
4557.47
4606.2
4643.99
4607.92
4720.72
4727.06
4804.33
4797.3
4717.59
4617.03
4588.5
4730.67
4694.92
4656.6
4482.16
4438.66
4481.12
4510.31
4475.02
4406.73
4430.78
4460.62
4307.43
4216.59
4206.95
4352.18
4302.48
4342.81
4327.13
4240.47
4191.9
4213.41
4280.49
4551.61
4470.44
4484.46

8/11/2011
8/12/2011
8/16/2011
8/17/2011
8/18/2011
8/19/2011
8/22/2011
8/23/2011
8/24/2011
8/25/2011
8/26/2011
8/29/2011
8/30/2011
8/31/2011
9/1/2011
9/2/2011
9/5/2011
9/6/2011
9/7/2011
9/8/2011
9/9/2011
9/12/2011
9/13/2011
9/14/2011
9/15/2011
9/16/2011
9/19/2011
9/20/2011
9/21/2011
9/22/2011
9/23/2011
9/26/2011
9/27/2011
9/28/2011
9/29/2011
9/30/2011
10/3/2011
10/4/2011
10/5/2011
10/6/2011
10/7/2011
10/10/2011
10/11/2011
10/12/2011
10/13/2011
10/14/2011
10/17/2011
10/18/2011
10/19/2011
10/20/2011

177.00
184.00
185.50
192.50
187.10
188.00
186.00
192.20
197.30
198.70
197.00
198.50
200.50
203.50
201.00
199.00
192.80
196.00
203.00
196.10
197.10
190.30
190.40
192.00
196.00
190.60
193.00
193.10
199.45
191.00
187.70
189.00
194.00
193.05
193.60
194.00
191.50
191.00
191.70
192.30
205.00
204.00
212.75
208.50
209.00
212.20
217.90
213.75
216.00
217.95

8/11/2011
8/12/2011
8/16/2011
8/17/2011
8/18/2011
8/19/2011
8/22/2011
8/23/2011
8/24/2011
8/25/2011
8/26/2011
8/29/2011
8/30/2011
8/31/2011
9/1/2011
9/2/2011
9/5/2011
9/6/2011
9/7/2011
9/8/2011
9/9/2011
9/12/2011
9/13/2011
9/14/2011
9/15/2011
9/16/2011
9/19/2011
9/20/2011
9/21/2011
9/22/2011
9/23/2011
9/26/2011
9/27/2011
9/28/2011
9/29/2011
9/30/2011
10/3/2011
10/4/2011
10/5/2011
10/6/2011
10/7/2011
10/10/2011
10/11/2011
10/12/2011
10/13/2011
10/14/2011
10/17/2011
10/18/2011
10/19/2011
10/20/2011

10/24/2011
10/25/2011
10/26/2011
10/27/2011
10/28/2011
11/1/2011
11/2/2011
11/3/2011
11/4/2011
11/7/2011
11/8/2011
11/9/2011
11/10/2011
11/11/2011
11/14/2011
11/15/2011
11/16/2011
11/17/2011
11/18/2011
11/21/2011
11/22/2011
11/23/2011
11/24/2011
11/25/2011
11/28/2011
11/29/2011
11/30/2011
12/2/2011
12/5/2011
12/6/2011
12/7/2011
12/8/2011
12/9/2011
12/12/2011
12/13/2011
12/14/2011
12/15/2011
12/16/2011
12/19/2011
12/20/2011
12/22/2011
12/23/2011
12/27/2011
12/28/2011
12/29/2011
12/30/2011

225
221
221
226.5
221.2
212.5
210
213.5
216
214.05
214.1
212
211.6
216
210
213.3
216
213
213
212.5
212
209
204
202.9
205
205
205.75
211.95
213.9
212.5
213
215
214
214.5
215
213
211
210.1
212
212
214
215
215.5
215
217.35
223.35

10/12/2011
10/13/2011
10/14/2011
10/17/2011
10/18/2011
10/19/2011
10/20/2011
10/21/2011
10/24/2011
10/25/2011
10/26/2011
10/27/2011
10/28/2011
10/31/2011
11/1/2011
11/2/2011
11/3/2011
11/4/2011
11/7/2011
11/8/2011
11/9/2011
11/10/2011
11/11/2011
11/14/2011
11/15/2011
11/16/2011
11/17/2011
11/18/2011
11/21/2011
11/22/2011
11/23/2011
11/24/2011
11/25/2011
11/28/2011
11/29/2011
11/30/2011
12/2/2011
12/5/2011
12/6/2011
12/7/2011
12/8/2011
12/9/2011
12/12/2011
12/13/2011
12/14/2011
12/15/2011
12/16/2011
12/19/2011
12/20/2011
12/21/2011

4494.43
4442.5
4476.52
4519.59
4497.67
4526.67
4487.13
4549.45
4552.25
4519.26
4517.12
4705.31
4664.64
4579.62
4488.1
4468.89
4475.37
4511.1
4553.11
4557.03
4535.43
4512.65
4554.84
4528.74
4507.7
4511.11
4479.53
4424.05
4377.04
4347.23
4275.6
4238.06
4241.55
4172.21
4191.86
4245.33
4346.64
4405.8
4383.5
4375.58
4363.52
4359.48
4310.78
4298.59
4276.48
4324.14
4272.67
4283.13
4256.07
4302.8

10/21/2011
10/24/2011
10/25/2011
10/26/2011
10/27/2011
10/28/2011
11/1/2011
11/2/2011
11/3/2011
11/4/2011
11/7/2011
11/8/2011
11/9/2011
11/10/2011
11/11/2011
11/14/2011
11/15/2011
11/16/2011
11/17/2011
11/18/2011
11/21/2011
11/22/2011
11/23/2011
11/24/2011
11/25/2011
11/28/2011
11/29/2011
11/30/2011
12/2/2011
12/5/2011
12/6/2011
12/7/2011
12/8/2011
12/9/2011
12/12/2011
12/13/2011
12/14/2011
12/15/2011
12/16/2011
12/19/2011
12/20/2011
12/22/2011
12/23/2011
12/27/2011
12/28/2011
12/29/2011
12/30/2011

221.15
225.00
221.00
221.00
226.50
221.20
212.50
210.00
213.50
216.00
214.05
214.10
212.00
211.60
216.00
210.00
213.30
216.00
213.00
213.00
212.50
212.00
209.00
204.00
202.90
205.00
205.00
205.75
211.95
213.90
212.50
213.00
215.00
214.00
214.50
215.00
213.00
211.00
210.10
212.00
212.00
214.00
215.00
215.50
215.00
217.35
223.35

10/21/2011
10/24/2011
10/25/2011
10/26/2011
10/27/2011
10/28/2011
11/1/2011
11/2/2011
11/3/2011
11/4/2011
11/7/2011
11/8/2011
11/9/2011
11/10/2011
11/11/2011
11/14/2011
11/15/2011
11/16/2011
11/17/2011
11/18/2011
11/21/2011
11/22/2011
11/23/2011
11/24/2011
11/25/2011
11/28/2011
11/29/2011
11/30/2011
12/2/2011
12/5/2011
12/6/2011
12/7/2011
12/8/2011
12/9/2011
12/12/2011
12/13/2011
12/14/2011
12/15/2011
12/16/2011
12/19/2011
12/20/2011
12/22/2011
12/23/2011
12/27/2011
12/28/2011
12/29/2011
12/30/2011

12/22/2011
12/23/2011
12/27/2011
12/28/2011
12/29/2011
12/30/2011

4307.82
4319.56
4299.69
4263.93
4277.52
4336.95

DATE AJUSTATE
Cotatie BET
5,366.38
5,421.61
5,421.29
5,542.79
5,589.91
5,626.23
5,688.55
5,758.84
5,784.57
5,757.69
5,784.02
5,825.30
5,858.56
5,808.01
5,755.34
5,766.23
5,773.31
5,742.68
5,750.61
5,742.44
5,672.66
5,685.15
5,748.33
5,676.52
5,678.06
5,716.12
5,729.52
5,751.26
5,703.57
5,640.97
5,656.45
5,658.40
5,594.59
5,632.71
5,671.88
5,642.37
5,626.42
5,721.81
5,607.32
5,691.89
5,864.43
5,792.66
5,850.06
5,845.16
5,848.51
5,822.42
5,872.04
5,893.68

Test
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

SERII RANDAMENTE
TGN
BET
0.71%
1.03%
0.00%
-0.01%
0.35%
2.24%
-1.06%
0.85%
-0.04%
0.65%
0.04%
1.11%
0.00%
1.24%
0.00%
0.45%
0.00%
-0.46%
0.18%
0.46%
-0.18%
0.71%
0.00%
0.57%
1.07%
-0.86%
0.00%
-0.91%
-1.17%
0.19%
0.11%
0.12%
0.36%
-0.53%
-0.36%
0.14%
0.61%
-0.14%
-0.43%
-1.22%
-0.18%
0.22%
0.00%
1.11%
-2.79%
-1.25%
0.11%
0.03%
0.11%
0.67%
0.26%
0.23%
1.65%
0.38%
-0.36%
-0.83%
-0.54%
-1.10%
0.00%
0.27%
-0.51%
0.03%
-3.68%
-1.13%
2.80%
0.68%
-0.15%
0.70%
0.37%
-0.52%
-0.74%
-0.28%
-0.15%
1.70%
-1.34%
-2.00%
0.75%
1.51%
1.12%
3.03%
-0.70%
-1.22%
0.15%
0.99%
0.00%
-0.08%
-0.22%
0.06%
0.22%
-0.45%
-0.63%
0.85%
0.82%
0.37%
-1.43%
-1.56%

5,801.82
5,816.80
5,657.21
5,752.13
5,805.13
5,800.39
5,797.74
5,859.85
5,842.69
5,992.63
6,003.87
5,940.68
5,929.06
5,937.25
5,957.98
5,909.48
5,909.63
5,951.44
6,012.07
6,068.40
5,995.81
5,943.92
5,987.61
5,945.81
5,933.33
5,900.04
5,876.69
5,941.48
5,867.45
5,917.36
5,894.29
5,936.18
5,875.01
5,756.88
5,780.73
5,775.53
5,797.61
5,781.88
5,734.52
5,667.36
5,648.81
5,719.38
5,686.98
5,648.53
5,632.56
5,621.82
5,624.54
5,534.80
5,483.51
5,418.58

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0.51%
-2.80%
2.31%
0.00%
-1.13%
-1.14%
0.38%
2.68%
1.12%
0.24%
0.46%
-0.70%
0.07%
0.29%
-1.10%
0.00%
0.33%
-0.07%
-0.04%
-0.26%
-0.37%
0.75%
-0.72%
-0.09%
-1.53%
0.19%
0.72%
-0.38%
1.83%
0.06%
0.56%
-6.45%
-2.17%
0.20%
-0.40%
0.08%
0.73%
0.00%
-0.80%
-2.42%
3.51%
2.59%
-0.80%
0.22%
0.22%
1.03%
-0.46%
-0.97%
-1.80%
1.04%

0.26%
-2.74%
1.68%
0.92%
-0.08%
-0.05%
1.07%
-0.29%
2.57%
0.19%
-1.05%
-0.20%
0.14%
0.35%
-0.81%
0.00%
0.71%
1.02%
0.94%
-1.20%
-0.87%
0.74%
-0.70%
-0.21%
-0.56%
-0.40%
1.10%
-1.25%
0.85%
-0.39%
0.71%
-1.03%
-2.01%
0.41%
-0.09%
0.38%
-0.27%
-0.82%
-1.17%
-0.33%
1.25%
-0.57%
-0.68%
-0.28%
-0.19%
0.05%
-1.60%
-0.93%
-1.18%
0.37%

5,438.54
5,485.95
5,464.13
5,468.66
5,578.76
5,523.25
5,506.90
5,564.53
5,562.34
5,571.93
5,620.58
5,593.89
5,534.50
5,560.65
5,546.88
5,573.67
5,575.09
5,500.04
5,509.64
5,410.02
5,451.72
5,471.62
5,508.70
5,490.79
5,532.18
5,629.05
5,604.63
5,616.61
5,592.87
5,526.59
5,455.59
5,418.77
5,365.59
5,348.95
5,351.26
5,356.50
5,415.43
5,412.46
5,391.36
5,364.71
5,365.91
5,345.09
5,383.51
5,297.77
5,204.50
5,129.90
4,921.68
4,508.71
4,419.70
4,557.70

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

-0.32%
-0.08%
0.40%
0.79%
-0.71%
-0.04%
3.16%
-0.34%
1.96%
0.08%
-0.94%
-1.90%
0.78%
0.54%
0.61%
-1.14%
-10.00%
0.47%
0.47%
-1.57%
-0.99%
-0.04%
-0.04%
3.04%
1.35%
1.58%
0.41%
-1.98%
-0.06%
-0.87%
-1.43%
0.21%
-2.43%
0.31%
0.87%
-0.86%
-0.61%
0.57%
-0.80%
-1.47%
-0.04%
-0.71%
-0.45%
-5.09%
-1.04%
-7.34%
-5.90%
-5.91%
3.65%
-0.17%

0.87%
-0.40%
0.08%
2.01%
-1.00%
-0.30%
1.05%
-0.04%
0.17%
0.87%
-0.47%
-1.06%
0.47%
-0.25%
0.48%
0.03%
-1.35%
0.17%
-1.81%
0.77%
0.37%
0.68%
-0.33%
0.75%
1.75%
-0.43%
0.21%
-0.42%
-1.19%
-1.28%
-0.67%
-0.98%
-0.31%
0.04%
0.10%
1.10%
-0.05%
-0.39%
-0.49%
0.02%
-0.39%
0.72%
-1.59%
-1.76%
-1.43%
-4.06%
-8.39%
-1.97%
3.12%
-1.85%

4,473.23
4,678.71
4,703.58
4,757.87
4,591.73
4,487.56
4,531.12
4,557.47
4,606.20
4,643.99
4,607.92
4,720.72
4,727.06
4,804.33
4,797.30
4,717.59
4,617.03
4,588.50
4,730.67
4,694.92
4,656.60
4,482.16
4,438.66
4,481.12
4,510.31
4,475.02
4,406.73
4,430.78
4,460.62
4,307.43
4,216.59
4,206.95
4,352.18
4,302.48
4,342.81
4,327.13
4,240.47
4,191.90
4,213.41
4,280.49
4,551.61
4,470.44
4,484.46
4,494.43
4,442.50
4,476.52
4,519.59
4,497.67
4,526.67
4,487.13

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

3.95%
0.82%
3.77%
-2.81%
0.48%
-1.06%
3.33%
2.65%
0.71%
-0.86%
0.76%
1.01%
1.50%
-1.23%
-1.00%
-3.12%
1.66%
3.57%
-3.40%
0.51%
-3.45%
0.05%
0.84%
2.08%
-2.76%
1.26%
0.05%
3.29%
-4.24%
-1.73%
0.69%
2.65%
-0.49%
0.28%
0.21%
-1.29%
-0.26%
0.37%
0.31%
6.60%
-0.49%
4.29%
-2.00%
0.24%
1.53%
2.69%
-1.90%
1.05%
0.90%
1.47%

4.59%
0.53%
1.15%
-3.49%
-2.27%
0.97%
0.58%
1.07%
0.82%
-0.78%
2.45%
0.13%
1.63%
-0.15%
-1.66%
-2.13%
-0.62%
3.10%
-0.76%
-0.82%
-3.75%
-0.97%
0.96%
0.65%
-0.78%
-1.53%
0.55%
0.67%
-3.43%
-2.11%
-0.23%
3.45%
-1.14%
0.94%
-0.36%
-2.00%
-1.15%
0.51%
1.59%
6.33%
-1.78%
0.31%
0.22%
-1.16%
0.77%
0.96%
-0.48%
0.64%
-0.87%
1.39%

4,549.45
4,552.25
4,519.26
4,517.12
4,705.31
4,664.64
4,488.10
4,468.89
4,475.37
4,511.10
4,553.11
4,557.03
4,535.43
4,512.65
4,554.84
4,528.74
4,507.70
4,511.11
4,479.53
4,424.05
4,377.04
4,347.23
4,275.60
4,238.06
4,241.55
4,172.21
4,191.86
4,245.33
4,346.64
4,405.80
4,383.50
4,375.58
4,363.52
4,359.48
4,310.78
4,298.59
4,276.48
4,324.14
4,272.67
4,283.13
4,256.07
4,307.82
4,319.56
4,299.69
4,263.93
4,277.52
4,336.95

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

1.74%
-1.78%
0.00%
2.49%
-2.34%
-3.93%
-1.18%
1.67%
1.17%
-0.90%
0.02%
-0.98%
-0.19%
2.08%
-2.78%
1.57%
1.27%
-1.39%
0.00%
-0.23%
-0.24%
-1.42%
-2.39%
-0.54%
1.03%
0.00%
0.37%
3.01%
0.92%
-0.65%
0.24%
0.94%
-0.47%
0.23%
0.23%
-0.93%
-0.94%
-0.43%
0.90%
0.00%
0.94%
0.47%
0.23%
-0.23%
1.09%
2.76%

0.06%
-0.72%
-0.05%
4.17%
-0.86%
-3.78%
-0.43%
0.15%
0.80%
0.93%
0.09%
-0.47%
-0.50%
0.93%
-0.57%
-0.46%
0.08%
-0.70%
-1.24%
-1.06%
-0.68%
-1.65%
-0.88%
0.08%
-1.63%
0.47%
1.28%
2.39%
1.36%
-0.51%
-0.18%
-0.28%
-0.09%
-1.12%
-0.28%
-0.51%
1.11%
-1.19%
0.24%
-0.63%
1.22%
0.27%
-0.46%
-0.83%
0.32%
1.39%

Calculul k prin CAPM

Varianta randamente TGN
0.000341 (informativ)
Covarianta (TGN,BET)
Varianta randamente BET

0.00017
0.000196

Beta
Randamentul pietei
Rata Fara Risc
k=

0.867484
-19.18%
6.91%
-15.73%

Calculul g
Rentabilitatea financiara
ROE
Rata de distribuire a dividendelor
d
Rata de crestere asteptata
g

15.16%
50%
7.58%

Dividend curent
Randament asteptat
Rata de crestere a dividentelor

D_0
k
g

28.77
-15.73%
7.58%

Problema = k<g !
Rezulvare = definim un randament asteptat prin alta metoda!
Vom folosi metoda Build-up:
Rata fara risc
7%
Prima de risc de piata
2%
Prima de risc de sector
1.50%
Prima de risc de marime
0.50%
Prima de risc specifica
1%
TOTAL
12.00%
Acum vom calcula Valoarea corecta
V=
700.2436
Pretul de piata
249

=>

Actiunea este subevaluata!

=>

Ne asteptam ca pretul de piata sa creasca

=>

Luam decizia de a cumpara actiuni TGN

para actiuni TGN