
SOFIX rises to 9-year high and expands valuation 20% q/q
SOFIX P/E valuation expands 20% q/q to 11.6x earnings in Q2 2017, according to Bloomberg data. Valuation remains unchanged y/y as stock valuations advance with corporate fundamentals. Current SOFIX P/E is only slightly above its 12M moving average signaling room for further expansion. The index booked fourth consecutive daily rise on 10 August 2017 to… Read more