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.
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.
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.
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.
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.
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.