All but one of the major blue-chip indices in Southeast Europe (SEE) saw their average values growing in the Dec 5 – 16 period compared to the preceding two weeks, Nov 21 – Dec 2.
BELEX15, the blue-chip index of the Belgrade Stock Exchange (BELEX) and Bulgarian Stock Exchange’s SOFIX were the sole leaders in terms of two week average growth. BELEX15 was first with a 4.08% rise, while SOFIX followed with 4.04%.
BELEX15’s average value for Dec 5 – 16 was 718 points or by 13.2% more than in the same period a year earlier.
SOFIX is also in good form, achieving 582.97 points on Dec 14, its highest value since Jun 9, 2014.
Istanbul Stock Exchange’s (ISE) BIST 100 blue-chip index experienced its first two-week average rise for first time in a while – 2.43%. The growth gives some hope that BIST 100 will perform better in 2016 than in the previous year.
The uptrend of Bucharest Stock Exchange (BVB)’s BET blue-chip index was represented by a two-week average increase of 1.42%. On Dec 16, BET amounted to 7,057 points, its second highest peak in 2016 until now.
SBITOP, the Ljubljana Stock Exchange (LJSE) blue-chip index is in a downtrend since October 2016 but the two-week average rise of 0.92% might be a signal for recovery. Despite the downward trend, SBITOP’s average value in Dec 5 – 16, of 706 points was by 3.0% more than in the same period a year ago.
Zagreb Stock Exchange’s (ZSE) CROBEX may have reached its maximum value levels for 2016 as it reported a two-week average decline of 0.43% after a constant uptrend since the beginning of the year. CROBEX’s good performance is reflected by the year-on-year change in its average value – in Dec 5-16 it amounted to 1,980 points, 18.7% more than in the corresponding period of the previous year.