Monday 28 July 2008

Ukrainian stock market worst performer

The Ukrainian stock market has been one of the worst performing in the world so far this year. It has declined 47% from its high on January 15, 2008. The average P/E is now a more respectable 16.

Despite this, Ukrainian companies continue to demonstrate strong fundamentals as the GDP is set to grow by an average 6% p.a. in 2008-2012.

1 comment:

Anonymous said...

Well, maybe Ukraine is struggling, but there are many other frontier market countries doing well, and investment options. A good site I found is http://www.frontiermarketsetf.com that gives more info on these markets.