The combined capitalisation of the 100 biggest listed companies in Southeast Europe (SEE) rose slightly to 45.762 billion euro in 2016 from 44.886 billion euro of the entrants in the ranking a year earlier, reflecting cautious optimism among investors amid an improving macroeconomic climate.
The ranking traditionally sees little change, and 2016 produced no surprises. Croatian oil and gas company INA retained its top position, despite a slight drop in its capitalisation, by 1.74% to 3.837 billion euro. The oil and gas heavyweight turned to a consolidated net profit of 13.6 million euro in 2016, from a net loss of 183.5 million euro last year, on the back of strong exploration and production.
Market capitalisation 2016 figures are in millions of euro.
(*) Peferred shares