EE/FSU: Top equity performers in Q1 2010
Overview:
Stock market indices in EE and the FSU fared pretty well in the first quarter of this year. Eleven of the seventeen indices we track posted positive returns. On average, the indices rose 8.6% on the quarter. The top performers were indices in Ukraine, the Baltic States and Romania while the worst performers were in Slovakia, the Federation of Bosnia and Montenegro. Performance in the Western Balkans was mixed with only three of the seven indices posting a positive return. This despite the fact that the regions indices have been worst hit by the fallout from the global financial crisis. There were some good performers amongst the blue chip stocks in the region with Montenegro Telekom, AIK Banka, Hrvatska Telekom and Krka faring best. Sentiment in the region has been poor in March as a result of the Greek crisis.