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REGIONAL INDICES
Warsaw WIG20 <> Bucharest Beti <>
Budapest SE Index <> Prague PX <>
Zagreb Crobex <> Sofia Sofix <.SOFIX>
Ljubljana SBI20 <> Istanbul ISE National 100
<>
1210 06Oct2008 Belgrade index drops to all-time low
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The Serb stock exchange's main index sinks to an all-time
low on Monday, as global woes weighted on less liquid emerging
markets seen as more risky by investors seeking safer havens for
their funds.
The index <> of 15 most liquid Serb stocks fell 8
percent to 896.69 points as banks, insurers, food and
engineering firms posting the steepest daily declines.
"This is not about the performance of Serbian companies and
banks, it's about the global financial crisis. Institutional
investors have pulled out waiting for the crisis in their own
markets to end," said Ivan Arandjelovic of Citadel brokers.
The Belgrade market has shed more than 57 percent since the
start of the year. Some traders said they expected the
government to take some actions to stem the tide, such as
narrower fluctuation bands for share prices or subsidies to
some of the most hit companies.
rm://gordana.filipovic.thomsonreuters.com@reuters.net
1140 06Oct2008 Bulgarian banks plunge on global concerns
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Bulgarian lenders CB First Investment Bank (FIB) <FIB.BB>
and BACB <BACB.BB> were among the European emerging markets'
biggest losers, as low volume magnified the negative sentiment
towards the global financial sector.
FIB fell as much as 24.7 percent, while BACB dropped 24
percent in thin trade.
"The drop in the banking shares is entirely reflecting the
situation in Europe and is not linked to any problems with their
balance sheets," said Maria Atanasova, analyst at Bulbrokers.
rm://anna.mudeva.thomsonreuters.com@reuters.net
1020 06Oct2008 Warsaw, Prague indices hit new multi-year
lows
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Central and eastern European hit new multi-year lows on
growing global concerns about the financial sector and its
effects on the wider economy.
Warsaw's WIG20 <> drops as much as 5.6 percent to
2,221, its lowest since Aug 2005, while Prague's PX <> fell
5.4 percent to 1,139.2, lowest since June 2006.
But the region's indices still outperformed their biggest
western counterparts, which were down at least 5.5 percent after
shedding as much as 6.4 percent earlier in the session.
rm://chris.borowski.thomsonreuters.com@reuters.net
0846 06Oct2008 CME drops 15 pct on currencies fears
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Shares in broadcaster CME <> <CETV.O> drop 14.7
percent, tracking an 18 percent plunge of its U.S. listed shares
on Friday on concerns over the prospects of emerging markets and
a stronger dollar.
"The reason for the huge drop is weakening currencies in
eastern European countries where CME operates," a Prague-based
dealer said.
CME, which reports in dollars, operates in six eastern
European countries, including the Czech Republic, Romania,
Ukraine, and Croatia.
Its shares have lost a quarter of their value in the last
two sessions, falling to their lowest since at least July 2005.
rm://jana.mlcochova.thomsonreuters.com@reuters.net
0815 06Oct2008 KGHM at 3-year low, tracks copper down
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Europe's largest copper miner KGHM <KGHM.WA> tumbles to a
3-year low after copper <MCU3> falls near its weakest since
February 2007.
The miner slides 8.4 percent to 41.9 zlotys, downperforming
a 4 percent decline for Warsaw's blue-chip WIG20 index <.WIG20).
rm://adrian.krajewski.thomsonreuters.com@reuters.net
