Most of SEE’s Major Blue-Chip Indices Keep Growing 5Dec

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

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Most of the major blue-chip indices in Southeast Europe enjoyed a rise in their average values in the period Nov 21 – Dec 2 compared to Nov 7-18.

BELEX15, the blue-chip index of the Belgrade Stock Exchange (BELEX) swung to a two-week average growth of 3.81%, the highest among SEE’s blue-chip indices, from a 1.14% decline in the previous report. BELEX ended the Nov 21 – Dec 2 period at 706.4 points, its highest value since May 29, 2015.

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Bulgarian Stock Exchange’s SOFIX is growing steadily since April 2016 and its average value in Nov 21 – Dec 2 was by 2.81% higher than in the preceding two weeks. SOFIX’s good performance is also reflected by the positive year-on-year change in its value – it jumped by 26.8% in Nov 21 – Dec 2 in comparison to the same period a year earlier.

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The two-week average growth of Zagreb Stock Exchange’s (ZSE) CROBEX quickened to 1.56% from 0.04% in the previous report, thus confirming its stable uptrend since the beginning of the year. In term of year-on-year growth the result is also impressive – 18.1%.

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Bucharest Stock Exchange (BVB)’s BET blue-chip index performed similarly to the previous report and achieved a small two-week average increase, of 0.15%. BET dropped sharply in the beginning of 2016 but then entered an uptrend period, which is expected to continue until the end of the year.

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The downtrend of SBITOP, the Ljubljana Stock Exchange (LJSE) blue-chip index, continued and its two week average value in the Nov 21 – Dec 2 period dropped by 3.14% in comparison to Nov 7-18. The drop pushed down SBITOP’s value to its year-ago level, of between 680 and 700 points.

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Istanbul Stock Exchange’s (ISE) BIST 100 blue-chip index experienced its third consecutive two-week average decrease, of 1.44%. In annual terms there was also a decline – between Nov 21 and Dec 2 BIST 100’s value averaged 74,405 points, down from 76,484 a year earlier.

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