We start this week with a look at the last two weeks of the stock markets in the CEE region. The graph below shows the changes from how two weeks ago almost all the countries were declining until this past week. Yet this week all those countries were increasing. On the flip side the one country that increased two weeks ago ended up decreasing last week. With that being said, the Romanian BET is definitely a market to keep watching.
CEE Focus on the Week of March 10th - 15th
During the week of March 10th, the general trend was a slight increase in stock indices across the Central European region. The weekly performance indices increased by .1-2.5% for all countries except Romania. The Romanian BET showed a slight decrease finishing the week down slightly (by one percent).
Compared to its 3-month average, the Slovakian SAX remained above its historical upper bound (1 standard deviation above the average) for the entire week. The Czech PX remained between its historical average and upper bound before finish the week close to the historical upper bound. The Polish WIG began the week relatively close to is historical average but gradually increased before ending the week just above their historical upper bound. The Hungary BUX remained close to its historical average the entire week. Finally, after weeks of a return to normal levels (see Romania’s BET in yellow in the “Previous Week Index” chart), the Romanian market remained very close to the historical average. Given that nearly all markets were up this week, Romania’s performance this week is not likely an indication of a continued decline back to normal levels making Romania once again the stock index to watch for the coming week.