Local Indexes Continue to Show Independence From Global Trends

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Local Indexes Continue to Show Independence From Global Trends

Local indexes continued to show no correlation with the global markets. US indexes declined yesterday, pushing Asian and European indicators down today.

The German DAX 30 has lost 1.4% so far today, and the British FTSE 100 fell 1.5%. French CAC 40 dropped 1.65.

Despite that, Bulgarian indexes ended on positive territory. BG40 added 0.8% and the blue chip index SOFIX rose 0.7%.

Romanian indexes are also not following the global tendency. BET climbed 0.5% today and BET-C added 0.7%.

Most indexes in central and eastern Europe declined. The Hungarian BUX fell 0.6% to 23 882 points and the Russian RTS lost 1.1%. The Czech PX fell 0.7%.

The biggest decliner in CEE was the Polish WIG20, while the Macedonian MBI 10 was the top gainer, closing +2.7%.

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