CEE Stock Exchange Report for October 21 – October 25

Updated: Oct 29, 2019

By: The Quinnipiac University Economics Research Team, Jack French

Source: Own calculations based on data collected from each index.

There was a general upwards trend over the past week for Central European indices. The majority of the indices were up strongly during the first four days of the week and lost some ground on Friday but still finished positive for the week. The US S&P showed a clearly different trend throughout the week being negative early and turning positive late in the week. The UK FTSE performed somewhat similarly to the CEE indices and ended the week up about 2.25%.

Finishing the week down nearly half a percent, Poland’s WIG 20 significantly underperformed the other indices. The WIG 20 was up for the first four days of the week but finished on Friday as the only index giving a negative return. Other than the WIG 20 the indices ranged from being up about half a percent to up about 2.25 percent.

Interestingly the Romanian BET and the US S&P 500 were the only two indices to be up on Friday. The Romanian index has been an outlier for the region over the past three months. The Czech PX was up significantly more than any other index in the previous report but is right in the middle of the group over the past week.

Source: Own calculations based on data collected from each index. The first graph shows the previous week’s performance. The remaining graphs show the three-month performance of each of the indices.

The Czech PX continued its recent gains and has become just about even over the last three months. Its performance is pretty similar to the S&P 500 over the same period. The Romanian BET maintained its upwards momentum while the FTSE and the WIG 20 are still down significantly over the last three months.

Following a strong week, the Hungarian BUX has joined the Slovakian SAX, S&P 500 and the BET in showing decent growth since late July. The BET is up nearly 8% while the SAX, BUX, and S&P are up less than 2% each.

It will be worth watching how closely the indices perform over the coming week as the S&P 500 nears its all time record high.


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