Last Week - Good For CEE Indexes

Last Week - Good For CEE Indexes

The past week can be described as a positive one for indexes in CEE. The indicator gauging the stock markets in the region added 5.96%.

The hike was mainly due to the rebound of Russian indexes after the invasion in Georgia came to an end. MICEX soared 7.4% for the period.

Bulgaria's blue chips index SOFIX ended the week 2.9% higher, narrowing its year-to-date loss to 41.3%.

The Romanian BET was the worst performer last week, falling 6.7%. The index has lost some 40% so far in 2008.

The indexes in Montenegro and Ukraine have slipped by more than 45% since the start of the year.

CountryIndexLast weekYear-to-date
Eastern Europe MSCI EE5,96%-22,21%

*Source: Karoll investment intermediary

The introduction of margin and short sales last week on BSE did not contribute much to the market's liquidity.

The value of margin deals on the eight positions that meet the criteria for such deals last week stood at 15,870 leva and that of short sales at just 850 leva.

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