Half of SEE’s Major Blue-chip Indices Grow, Half go Down 7Nov

Published by Valentin Stamov in Blog | Tagged , , , , , , , , , ,

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The past two weeks were contradictory for the major blue-chip indices in Southeast Europe. Half of them saw their average value growing in comparison to the preceding two weeks, while the other half lost altitude.

BELEX15, the blue-chip index of the Belgrade Stock Exchange (BELEX), is a strong performer since the beginning of the year and achieved the highest two-week average increase, of 4.10%. BELEX15’s one-year maximum value, of 677.60 points, was registered on Oct 31.

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Bulgarian Stock Exchange’s SOFIX kept its strong performance in the past several months and experienced a two-week average rise of 3.43%. On Thursday, SOFIX closed at 537.03 points – its one-year peak and the highest value since Dec 15, 2014.

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SBITOP, the Ljubljana Stock Exchange (LJSE) blue-chip index, is also in an overall uptrend since the beginning of the year and had the third best two-week average growth, of 2.0%. In annual terms, the increase was 7.2%.

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Zagreb Stock Exchange’s (ZSE) CROBEX is also experiencing an overall uptrend in 2016 but its two-week average value declined by 1.12%. However, in comparison to Oct 24 – Nov 4, 2015, there was a rise of 13.4%.

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Bucharest Stock Exchange (BVB)’s BET blue-chip index followed in the list of weak performers with an average two-week fall of 1.07%. BET still can’t recover from the sharp drop in the beginning of the year when it reached 6,019 points, its’s lowest value since Oct 28, 2013.

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Istanbul Stock Exchange’s (ISE) BIST 100 blue-chip index inched down to an average of 77,992 points in Oct 24 – Nov 4 from 78,039 points in Oct 10 – 21. ISE is fluctuating between ups and downs during 2016 and there is no sign it will manage to enter in a more stable trend – being either positive or negative one.

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