SEE’s Major Blue-chip Indices – Half Up, Half Down 21Nov

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


Similar to the picture in the previous report, half of the major blue-chip indices in Southeast Europe (SEE) achieved a two-week average growth in their values in the period Nov 7-18, compared to Oct 24-Nov 4, while the other half were in the red.

Bulgarian Stock Exchange’s SOFIX was the sole leader in terms of two-week average rise, with 2.75%, a slow down compared to the 3.43% in the previous report. SOFIX registered 558.16 points on Nov 8, its highest value since Sep 4, 2014.


Bucharest Stock Exchange (BVB)’s BET blue-chip index continued its slow uptrend and reported a two-week average increase of 0.34%. BET still can’t recover from the sharp drop in the beginning of the year and its two-week average value, of 6,837 points, in Nov 7-18 was by 411.7 points lower than in the same period a year earlier.


Another good performer in 2016, Zagreb Stock Exchange’s (ZSE) CROBEX continues to grow, although at a slow pace – in Nov 7-18 its average value inched up by 0.04% in comparison to the preceding two weeks.


Istanbul Stock Exchange’s (ISE) BIST 100 blue-chip index marked a second consecutive two-week average drop in its average value, of 3.21%. If the downtrend continues, the index may reach its bottom value in 2016 – the 68,568 points, recorded in January.

5_BIST 100

SBITOP, the Ljubljana Stock Exchange (LJSE) blue-chip index has entered a downtrend and its two-week average value fell by 2.98%. After peaking at 749.43 points on Oct 27, the index’s highest value since Jul 31, 2015, the index dropped to 704.5 points on Nov 17.


BELEX15, the blue-chip index of the Belgrade Stock Exchange (BELEX) is another good performer in 2016 which now registers a two-week average decline, of 1.14%. Despite the decrease, the average two-week value of the index, of 664.49 points, was by 10% higher than a year ago.


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