Belgrade bourse sentiment index hits 13-month high in June

The BELEX15 blue-chip index has increased by 10.4% over the past 12 months and by 13.7% since the beginning of the year as of the end of May.

BELEXsentiment is a stock exchange indicator designed to gauge the opinions of key market participants regarding future market movements. It serves as an investment tool for the broader investment community, with values ranging from 0 to 200 points. The indicator is calculated on a monthly basis. A score below 100 points signals negative market sentiment, while a score exceeding 100 points indicates positive expectations.

In June, the index rose to 144.64 points from the 12-month high of 133.28 points in May, the Belgrade bourse said on its website on Tuesday. It briefly entered the negative territory in January, sinking to 92 points, following values of above 100 points in the last four months of 2023.

The index ended 2023 at 130.94 points.

BELEXsentiment is calculated as a weighted value of the votes of three groups of voters. They comprise stock exchange members; portfolio managers of investment and voluntary pension funds; and the general public, i.e. users of the bourse's website. The votes of the first two groups have the biggest weight in the index.