In April and May, 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 since April, find our in this brief article.  

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

Since the beginning of April, of all observed sectors (14 of them) on average have observed a share price increase. Of those, 13 have observed a double-digit increases.  

Shipping companies recorded a sharp increase of 27.5%, after being the worst performing sector in March (-27.7%). In the observed period TNG observed a high share price increase of 36%, on the back of higher charter rates coupled with positive sentiment regarding shipping companies regarding the storage of oil. To read our blog regarding the tanker market click here. Utility comes next with a 23.8% increase, followed by Construction (+23.6%).

Tourism sector found its place near the bottom of the list, with still a solid 11.9% increase. Currently the regional companies are traded at a median P/E of 15.3 and EV/EBITDA of 8.8.

On the flip side, Infrastructure sector witnessed a 2.6% increase since the beginning of April.

Performance of Regional Companies by Sector Since April*

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