Bulgaria's SOFIX Second Best Performing Index in CEE in March

After Bulgaria's leading blue-chip index SOFIX returned to a growth path in March, it has been moving up in the rankings of Central and Eastern Europe.

According to calculations of Bulgarian business news portal investor.bg, based on Bloomberg data, SOFIX moved to second place among the top-performing indices in the region in March.

In February SOFIX was at the bottom of the ranking, at place 18 out of 19.

Although Bulgaria reported an optimistic trend, it did not apply to the entire CEE region, with 8 indices registering significant decreases, 5 remaining more or less unchanged, and 6 registering tangible increases.

In March Bulgaria's SOFIX was only outpaced by Hungary's leading index, BUX, which registered 8% growth.

The Hungarian stock market was also the best-performing one in the third quarter of 2015.

Serbia's BELEX also made it into the top 3 in March.

The capital markets in Estonia, Latvia, Bosnia and Herzegovina, Slovenia, and Romania registered no tangible changes in March.
Greece fell to the bottom of the ranking after being the best-performing market in CEE in February.

Greece's ASE sank by 11.93% in March.

The largest decreases since the beginning of 2015 were registered by the stock exchanges in Kazakhstan, Greece, and Turkey.