By: The Quinnipiac University Economics Research Team, Jack French
Source: Own calculations based on data collected from each index.
A number of the stock exchanges were closed on Friday November 1st. The BUX, SAX, WIG, and BET were all closed on Friday. The US S&P hit a record high on Friday closing up nearly a percentage point from Monday and pacing all indices for percentage gain on the week. The S&P and UK FTSE looked pretty similar for the week as both were down early and ticked up on Friday.
The Hungarian BUX was up two percent on Wednesday but came back down to up only about one half of a percent on Thursday and was closed on Friday. The Slovakian SAX was relatively flat for the entire week and finished slightly positive after gaining about half a percent the previous week.
Following a gain of about a percent last week, the Romanian BET was down more than any other index this week. The index lost over one and a half percent by Thursday and was closed on Friday. The Polish WIG lost about .8% on the week after being positive early. The Czech PX finished flat.
All of the indices that were being traded on Friday made gains of more than half a percent. It would not be surprising to see those four compensate for this in some way on Monday.
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 WIG 20 was down for the second week in a row. The Romanian BET dropped about 200 points in the past week after making substantial gains over the last few weeks and over the last three months. The FTSE is still down for the three-month period while the S&P hit its record high on Friday.
The BUX has turned decently positive for the three-month period while the SAX and PX are pretty close to even. The PX has leveled off a bit in the last few days after being up significantly from early October to now.
There’s a decent amount of similarity across the all of the indices except for Romania which still looks like an outlier for the region and when compared to the S&P and FTSE. Romania dropped at the beginning of the previous month and made strong gains after so watching its performance over the next week or two will be interesting.