During the week of March 17th, the general trend for a second week in a row was a slight increase in stock indices across the Central European region. The weekly performance indices increased by .5-2% for all countries except Poland and Hungary. Both Poland WIG and Hungarian BUX showed a slight decrease finishing the week up slightly (by a half – 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 close to its upper bound before finishing the week above it. The Polish WIG began the week relatively close to is historical upper bound but gradually decreased before ending the week just above their historical average. The Hungary BUX remained close to its historical upper bound the entire week. Finally, in comparison to last week Romania increased (see Romania’s BET in yellow in the “Previous Week Index” chart), but 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.