SOFIX, CROBEX – SEE’s Best Performing Major Blue-Chip Indices 17Oct

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

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Bulgarian Stock Exchange’s SOFIX and Zagreb Stock Exchange’s (ZSE) CROBEX were the only among the major blue-chip indices in Southeast Europe (SEE) to keep their growth trend and mark a two-week average rise in their value in the period Oct 3 – 14, compared to Sep 19 – 30.

SOFIX continues to perform above the expectations and achieved a two-week average increase of 3.12%. On Thursday, Oct 13, SOFIX closed at 510.34 points, its highest value since Apr 9, 2015. SOFIX’s impressive performance since the spring of 2016 is reflected also in the year-on-year change in its average value for Oct 3 – 14, amounting to 15.1%.

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CROBEX’s two-week average growth was 2.82% thanks to the average value of 1,976 points, or 16.5% more than in the corresponding period of the previous year. In the Oct 3 – 14 period the index registered its one-year maximum value of 2,002 points.

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SBITOP, the Ljubljana Stock Exchange (LJSE) blue-chip index saw the end of its uptrend and posted a two-week average drop of 1.29%. Despite that, SBITOP’s average value for Oct 3 – 14 was by 9.1% higher than in the same period a year earlier.

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Bucharest Stock Exchange (BVB)’s BET blue-chip index was the second worst performer among the major SEE blue-chip indices, while with half the decline of SBITOP – 0.66%. BET’s average value for Oct 3 – 14 fell behind the year-ago value but was higher than the average in the first two weeks of 2016.

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The fluctuations of Istanbul Stock Exchange’s (ISE) BIST 100 blue-chip index continue and this time the index saw its two-week average value going down by 0.29%. BIST 100 entered a downtrend period in mid-April 2016, which was about to end in mid-July but the attempted coup in the country pushed down the index and it is in a ups and downs trend since then.

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In Oct 3 – 14, the average value of BELEX15, the blue chip index of the Belgrade Stock Exchange (BELEX), inched down by 0.04% in comparison to Sep 19 – 30. However, BELEX15’s growth trend, which started in the beginning of the year, is likely to continue.

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