Belgrade bourse's sentiment index turns positive in February

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 February, the index climbed to 129.29 points from January's 92 points, the Belgrade bourse said on its website on Wednesday.

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.