Several factors down stock market

The Belgrade Stock Exchange (BSE) most liquid BELEX15 index lost 7.03 pct on a weekly level.

Izvor: B92

Sunday, 09.03.2008.

12:30

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The Belgrade Stock Exchange (BSE) most liquid BELEX15 index lost 7.03 pct on a weekly level. At the same time, the general BELEXline dropped 4.49 percent from Monday to Friday. Several factors down stock market Friday, March 7, also brought the lowest value indicators that the stock exchange has experienced since January 2007, when the indexes were based on precisely those levels. The highest daily negative change of both indexes was recorded Thursday, when BELEX15 lost 4.85 percent, while BELEXline closed 2.54 percent down. Encouraging signs are, however, seen in the daily turnover that is rising, and the participation of foreign investors, which has been steady at 63 percent last week. The negative trends at the BSE are down to several factors, one of them being the political instability in the country, but also the goings-on in the regional and world markets. All the former Yugoslav republics, as well as other countries in the region, such as Bulgaria, Romania and Hungary, are reporting negative change of values in their stock markets. The same picture is seen in big global markets. The reasons for this are seen in the global economy's bad health, the record prices of oil and gold, the strength of the euro against the U.S. dollar, and consequential inflation expectations.

Several factors down stock market

Friday, March 7, also brought the lowest value indicators that the stock exchange has experienced since January 2007, when the indexes were based on precisely those levels.

The highest daily negative change of both indexes was recorded Thursday, when BELEX15 lost 4.85 percent, while BELEXline closed 2.54 percent down.

Encouraging signs are, however, seen in the daily turnover that is rising, and the participation of foreign investors, which has been steady at 63 percent last week.

The negative trends at the BSE are down to several factors, one of them being the political instability in the country, but also the goings-on in the regional and world markets.

All the former Yugoslav republics, as well as other countries in the region, such as Bulgaria, Romania and Hungary, are reporting negative change of values in their stock markets.

The same picture is seen in big global markets. The reasons for this are seen in the global economy's bad health, the record prices of oil and gold, the strength of the euro against the U.S. dollar, and consequential inflation expectations.

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