We decided to bring you a summary of the CROBEX and SBITOP components to see their year-to-date changes coupled with an overview of YTD sectoral performance.

Observing the main CROBEX components, 9 out of 11 recorded a double-digit change, with all of them showing a declining trend. The most considerable YTD change was recorded by RIVP, OPTE and ADPL share with a change of -49.9%, -46.4% and -45.5%, respectively. On the other hand, two observed CROBEX constituents showed only one-digit change, namely PBZ and HT, with a decrease of -4.2% and -3.4%, respectively.

YTD Performance of CROBEX Components (%)

Looking at the main SBITOP components, all main shares demonstrated a double-digit decrease. The most significant YTD movement was by registered NLBR, CICG and LKPG share with a change of -38.1%, -30.7% and -27.0%, respectively. Meanwhile, KRKG was the only observed share with a decrease of less than 20%, more precisely -17.5%.

The main ZSE index CROBEX recorded a decline of -30.8%, while the main LJSE index SBITOP decreased -23.7%.

Meanwhile, observed CROBEX components showed on average slightly larger YTD change (-27.8%) compared to SBITOP constituents (-26.0%).

YTD Performance of SBITOP Components (%)

Turning our attention to sectors in the region, construction was the most heavily impacted industry with a -36.4% YTD change, followed by shipping (-31.7%), banking (-30.8%) and tourism sector (-30.6%). The least YTD impact had food (-14.7%), pharma (-15.8%), utility (-20.6%) and insurance industry (-21.2%). When looking at the graph below, it seems that the sectors which observed the highest decrease are mostly the ones which investors deem will be mostly affected by the ongoing Covid-19 situation (and the other way around).

Note that the below displayed figures represent an average share price change of companies in our broader coverage (Croatia, Slovenia, Romania, Serbia, Bulgaria).

YTD Performance of Sectors in the Region (%)