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 BulgariaSOFIX2,91%-41,29%RomaniaВЕТ-6,72%-39,83%CroatiaCROBEX0,60%-20,29%MacedoniaMBI-10-1,83%-32,02%MontenegroNEX20-1,66%-44,90%RussiaMICEX7,40%-22,69%SerbiaBELEX151,37%-37,65%TurkeyISE1003,04%-24,03%UkrainePFTS1,50%-45,38%Eastern Europe MSCI EE5,96%-22,21%