Monday, June 13, 2011

Today's M^3 - Egyptian Stock Market Rebounds 10% in Past Month

We're going back to Egypt for today's Major Market Move post. Egypt's markets suffered a significant drop as a result of the revolution. The EGX 30 Index went from ~6720 at the end of January to ~4880 at the beginning of May, a 27% decline. There were also numerous stock market shutdowns, which is why the chart looks so funky:

(Click on the image for a larger view. Click here for the current performance of the EGX 30 Index.)

Now that the political situation has stabilized somewhat, the market is in the process of recovering those losses. The Eqyptian equity markets have been the best performer globally over the last 30 days:

(Click here for the current performance of global equity indexes.)

No comments:

Post a Comment