SEE Indices Down, Second Round 14Sep

Published by Alexander Yanev in Blog | Tagged , , , , , , , ,

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For a second consecutive time the major SEE blue chip indices closed in red on a two-week basis. The withdrawal of the investors from the capital markets in SEE was most noticeable on the Istanbul Stock Exchange (ISE) in the period Aug 31 – Sept 13, 2015. Turkey’s BIST 100 index lost another 2.17%, after decreasing by 4.68% in the period August 17-30, 2015. Securities with decreasing value outnumbered the advancing ones. Losses in the Information technologies, Banking and Transport sectors pushed total score down.

The SOFIX index of the Bulgarian Stock Exchange (BSE) dropped by 1.69% in the period Aug 31 – Sept 13, 2015. It was the index third consecutive fall since July 20, 2015, on a two-week basis. Nonetheless, financial brokers remain optimistic mainly because of country’s positive macroeconomic indicators, as well as the good performance of many of the companies for the first half of 2015.

The rest of the SEE indices also reported decreases. BELEX 15, the blue-chip index of the Belgrade Stock Exchange (BELEX), fell by 1.62% on a two-week basis, Croatia’s CROBEX index (ZSE) by 1.58%, and Romania’s BET index (BVB) by 1.49%.

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