In April, the regional markets observed somewhat of a bounce back after all sectors observed a double digit decrease in March. To what extent have certain sectors recovered in April, find our in this brief article.  

For this we decided to look at the average share price performance of companies in our wider coverage which includes companies from Croatia, Slovenia, Romania, Serbia and Bulgaria.  

In April, of all observed sectors (13 of them) on average have observed a share price increase. Of those, 4 have observed a double-digit increase. Shipping companies recorded a sharp increase of 23.4% in April, after being the worst performing sector in March (-27.7%). Next comes Construction with an increase of 17.6%. Utility and Infrastructure follow with an increase of 12% each.

On the filp side, Tourism recorded a 2.8% increase in April, after witnessing a 20.7% decrease in March. The Tourism companies in our sample are currently traded at an median P/E of 7.1 and EV/EBITDA of 10. Food and Pharma come next with a 4% increase each. Not surprisingly, these were one of the least affected industries when observing the share price drops in March.

Performance of Regional Companies by Sector*

*Average share price performance of regional companies in our wider coverage