Sunday, 21 September 2008

Recent stock market movements

Frontier markets did not enjoy the same bounce as the rest of the world on Friday. The MSCI Emerging Markets Index 5.6 percent rise was hard to match. That said, it is always instructive to look at which frontier markets stocks rose most in such fast markets.

Mumias Sugar surged around 8%, Kengen was +8.75%, Bank of Baroda up 8.28%, and KPLC closed up 10% and traded 50,700 shares worth 8.365m. Now we know where the hot international money is going...

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