An equity market that is off most people's radar screens is the Bangladeshi market which has posted strong gains this past month. The main Bangladeshi index, the DSE General Index DGEN, is up almost 15% for the month and has reached a new high for 2011.
Click on the image for a larger view. Click here for the current version of the above chartOver a longer time frame, the index is still trying to return to the highs from the end of 2010.
The Bangladeshi currency has weakened some over the past year, about 5%, but the correlation between the equity and currency movements is pretty weak. The following chart shows % gains of the USDBDT (USD / Bangladeshi Taka cross) and the DSE General Index. Our historical data for the DSE General Index only goes back to March.
Click on the image for a larger view. Click here for the current version of the above chart
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