Out of the 17 observed indices, SOFIX tops the list with a YTD increase of 38.45%.

The eleven months of 2021 could be considered as a very solid period for equities both in the region and globally. With the good performance of SOFIX and SBITOP, as well as CROBEX, we decided to take a look at how does this performance compares to major European and global indices. For this, we looked at 17 selected equity indices.

As visible from the graph, 15 out of 17 indices noted a double-digit increase while SOFIX and SBITOP lead the list with a YTD increase of 38.4% and 35.8%, respectively. Croatian CROBEX also noted a very solid increase of 14.6%, despite being heavily reliant on the tourism sector, which has been significantly affected since the outbreak of the pandemic. On the flip side, only 1 index (of the observed ones) to note a YTD decrease was Hang Seng, which noted a decrease of -9.68%.

YTD Performance of Selected Indices (%)

At the same time, looking at the performance of the indices in November, one can see a slightly different picture. Since the beginning of November, 9 out 17 indices experienced a decrease on the back of COVID-19 omicron variant news and the uncertainty it poses. The largest decrease was experienced by WIG20 and IBEX 35 indices, a decrease of 7.37% and 7.2%, respectively. On the flipside, SOFIX and BELEX15 both experienced a solid increase since the beginning of November, an increase of 6% and 4.7%, respectively.

Performance of Selected Indices since the beginning of November (%)