Regional stock markets decline in Feb
Güncelleme Tarihi:
Hürriyet Daily News
Oluşturulma Tarihi: Mart 03, 2009 00:00
ISTANBUL - Turkey’s Istanbul Stock Exchange and stock markets around the region continued to suffer in February as global worries over the financial system spread to Eastern and Central Europe and consumer demand fell.
The Istanbul Stock Exchange’s benchmark IMKB-100 index closed February at 24,026 points, representing a slight decrease of 4.9 percent. The index has declined 11 percent since Jan. 1, a modest amount compared to other key indices in the region.
Out of 10 indices that Hürriyet Daily News & Economic Review looked at, only two Ğ Russia’s dollar-denominated RTS and Dubai’s Financial Market General Index, or DFMGI Ğ managed to gain in February. These indices rose 7.4 percent and 4.1 percent, respectively. Still, they have declined 13.1 percent and 12.2 percent, respectively, since the start of the year. Israel’s Tel Aviv-25 index lost only 2.9 percent in February, ranking third after RTS and DFMGI. So far the strongest performer in 2009, the index has lost only 4.2 percent since Jan. 1.
Bulgaria’s SOFIX and Poland’s WSE-WIG indices shed 3.1 percent and 9.3 percent, respectively, in February, increasing their losses since Jan. 1 to a respective 26.4 percent and 23.4 percent.
February’s biggest losers were the Czech Republic and Romania. Prague’s PX Index lost 16.1 percent last month, while Bucharest’s BET Index shed 16.3 percent. Their losses since the start of the year were 26.3 percent and 36.4 percent, respectively. Istanbul’s IMKB-100 was fifth in February performance and fourth since the start of the year.
Out of 10 indices that Hürriyet Daily News & Economic Review looked at, only two Ğ Russia’s dollar-denominated RTS and Dubai’s Financial Market General Index, or DFMGI Ğ managed to gain in February. These indices rose 7.4 percent and 4.1 percent, respectively. Still, they have declined 13.1 percent and 12.2 percent, respectively, since the start of the year. Israel’s Tel Aviv-25 index lost only 2.9 percent in February, ranking third after RTS and DFMGI. So far the strongest performer in 2009, the index has lost only 4.2 percent since Jan. 1.
Bulgaria’s SOFIX and Poland’s WSE-WIG indices shed 3.1 percent and 9.3 percent, respectively, in February, increasing their losses since Jan. 1 to a respective 26.4 percent and 23.4 percent.
February’s biggest losers were the Czech Republic and Romania. Prague’s PX Index lost 16.1 percent last month, while Bucharest’s BET Index shed 16.3 percent. Their losses since the start of the year were 26.3 percent and 36.4 percent, respectively. Istanbul’s IMKB-100 was fifth in February performance and fourth since the start of the year.