With a strong YTD Slovenian equity market performance, we decided to bring you a short overview of how often have Slovenian index components outperformed the index since the beginning of the year.

We are bringing you an overview of how often the current SBITOP components managed to beat the index since the beginning of the year until 25 June 2019. For this, we calculated the percentage of times (out of 118 trading days) in which an individual share recorded higher yield than the index.

Percentage of Days When the Share’s Performance Beat SBITOP (YTD)

As visible on the chart above, four out of eleven shares mostly performed better than the index on a daily basis. The first among them is Petrol, which recorded higher yield than SBITOP 55% of the times. Also the company’s share outperformed the index by 5.2 p.p.

Next comes KD Group, which recorded higher yield than SBITOP 55% of the times, while outperforming it by 59 p.p. (the highest of all components). Luka Koper follows, observing a higher yield 53% of the times, while outperforming the index by 0.6 p.p.

Next comes Sava Re, whose share price observed a higher yield 52% of times, while outperforming the index by 1.2 p.p. On the flip side, Telekom Slovenije recorded lower yield than SBITOP 56% of the times, which is the highest of all components. Its share performed 4.5 p.p. worse than the index as index in the period returned 10.6%, while Telekom Slovenije share returned only 6.1%. It is a return somewhat lower than its dividend yield which amounts to 6.9% while GSM will take place 30 August.

The share price performance also depends on dividend payout as companies whose dividends have already been paid out have seen their share price to decrease. So majority of SBITOP index constituents have paid out their dividend in June except for Petrol and Luka Koper who have ex-dividend date in August. Therefore Petrol and Luka Koper are one of the constituents who have seen best performance of their shares YTD. Petrol has outperformed the index by 5.2% which is approximately the same as its dividend yield, while its return YTD amounts to 15.8%. Luka Koper share had 11.2% return YTD while its dividend yield amounts to 4.8%, and its ex-dividend date it 28 August when we are expecting to see its share decrease. We have written on share prices reaction on ex-date and you can read about it on the link. Sava Re is the share which has seen the smallest decrease of share price on an ex-dividend date compared to other index constituents this year so far. Sava Re’s share price has decreased 2.9 p.p. while its dividend yield has amounted to 5.6%. Therefore, it is one of the best performing shares YTD and and it has YTD return of 11.8%.

Share Price Performance of SBITOP Components vs SBITOP Performance (YTD)