SEE Markets Indices Closing Daily – Tuesday 12/07/2022


South East European equities traded mixed on Tuesday as rest of Europe closed higher. Earlier, the Centre for European Economic Research (ZEW) showed that Germany stood at negative 53.8 points in July, while the euro area plunged by 23.1 points in July to stand at negative 51.1 points. Investors in SEE also fretted about a worsening energy crisis in Europe. A major gas pipeline from Russia to western Europe shut down for annual maintenance on Monday and is scheduled to be out of action until July 21. The euro had slipped 0.4% to trade at $1.0001 earlier in the session as the euro zone’s energy supply crisis and economic woes continue to depress the common currency. Today, the EU Council adopted the final three legal acts that are required to enable Croatia to introduce the euro on 1 January 2023. This completes the process in the Council which will enable Croatia to become a member of the euro area and to benefit from using the EU’s common currency, the euro, as of next year.

1. ATHENS – ATHEX 0.64%
2. BELGRADE – BELEX15 0.99%
3. BUCHAREST – BET 0.05%
4. ISTANBUL – BIST 100 Closed
6. NICOSIA – CSE GI -0.58%
7. PODGORICA – MNSE 10 0.00%
8. SARAJEVO – SASX10 0.81%
9. SKOPJE – MBI 10 -0.29%
10. SOFIA – SOFIX -0.49%
11. ZAGREB – CROBEX -0.63%