Sunny Summer Weeks for SEE’s Major Blue-chip Indices 8Aug

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

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Southeast Europe’s major blue-chip indices enjoyed two good summer weeks with almost all of them registering a two-week average growth in the period Jul 25 – Aug 5, compared to Jul 11 – 22. The exception was Istanbul Stock Exchange’s (ISE) BIST 100 blue-chip index, which is in a downtrend due to the tense political situation in the country.

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BELEX15, the blue chip index of the Belgrade Stock Exchange (BELEX), was the top performer by posting the highest two-week average increase of 2.79%. BELEX15 closed at 636.05 points on Friday, or by 10.3% more than the one-year bottom of 576.52 points, registered in January 2016.

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SBITOP, the Ljubljana Stock Exchange (LJSE) blue-chip index, had the second-best two-week average rise of 2.23%. The index continues its overall uptrend since end-September 2015 – its average value in Jul 25 – Aug 5 was 714.31 points, up from 663.08 points between Sep 21 and Oct 2, 2015.

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Zagreb Stock Exchange’s (ZSE) CROBEX kept its positive performance since the beginning of the year and posted the third highest two-week average growth of 2.01%. If the uptrend continues CROBEX may achieve its one-year peak in the next two weeks.

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Bucharest Stock Exchange (BVB)’s BET blue-chip index also entered an uptrend and posted a two-week average increase for the third consecutive time. However, the 1.53% rise was weaker than the one in the previous report – 2.23%. BET closed on Friday at 6,752 points, somewhere in the middle between the one-year peak of 7,639 points and the bottom 6,019 points.

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Bulgarian Stock Exchange’s SOFIX continued to fluctuate and posted a two-week average increase, of 1.12%, after the 0.09% decline in the previous report. Despite its irregular performance SOFIX seems to gather pace and may overcome the downfall from early December 2015.

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