Last week the regional market indices showed a positive change, bringing up the questions: is this a sign of recovery and how long will it take to reach pre-epidemic levels?

Observing the regional market indices since the beginning of 2020, CROBEX, SBITOP, BELEX15 and BET saw a double-digit YTD drop of 27.8%, 21.5%, 20.5% and 24.5% respectively. In 2020, the main ZSE index evidenced a few sharp daily declines and one of the most significant daily decreases since October 2008 when CROBEX dropped by 10.2%.

However, closing at 1,457.57 points, CROBEX, as well as other main market indices, recorded a positive trend this week showing signs of improvement. Last week on average CROBEX grew by 0.7%, SBITOP 0.4%, BELEX15 0.3% and BET 0.5%. On Tuesday 23rd CROBEX grew by 3%, while following days last week the index showed a one percent daily growth.

Note that CROBEX has changed its composition as of 23rd March 2020, excluding Arena Hospitality Group and Končar, while including Auto Hrvatska, HPB, Institut IGH, Kraš, PBZ, Saponia, Tankerska Next Generation, Viro.