Of the 20 observed indices, SBITOP tops the list with a YTD increase of 28%.
2021 could be considered as a very solid year for equities both in the region and globally. With very solid performances of SBITOP and CROBEX, we decided to take a look on how does this performance compare to major European and Global indices. For this we looked at 20 selected equity indices.
As visible from the table, 14 out of 20 indices noted a double digit increase while Slovenian SBITOP leads the list with a YTD increase of as much as 28%. It is interesting to note that SBITOP outperformed virtually all global indices (for ex. S&P500 by 11.5 p.p.). SOFIX and OMX follow with increases of 25.9% and 25.8%, respectively. Croatian CROBEX also noted a very solid increase of 11.5%, despite being being heavily reliant on the tourism sector, which has been significantly affected globally since the outbreak of the pandemic.
On the flip side, the only index (of the observed ones) to note a YTD decrease was Turkish BIST 100, which noted a decrease of -7.4%.
YTD Performance of Selected Indices
Source: Bloomberg, InterCapital Research