Belgrade bourse sentiment index stays positive in April

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 of less than 100 points indicates negative market sentiment, while a score of more than 100 points indicates positive expectations.

In April, the index slid to 121.12 points from 122.11 points in March and 129.29 points in February, the Belgrade bourse said on its website on Thursday. 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 131 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.