Friday, July 6, 2012

Today's Major Market Move: Mongolian Equity Market Rises 14.1% in Past Week

The disappointing jobs report in the U.S. on Friday wasn't enough to reverse what was otherwise a strong week for global equity markets. Less than 1/3 of the global equity indexes we track finished the week in the red. Of the gainers, the top performing equity index was the Mongolian MSE Top 20 Index which climbed 14.1%. Here's the top 10:

Click here to go to the live table.
Mongolian stocks went through an extremely volatile first half of 2011. The benchmark MSE Top 20 Index rose over 120% and then gave most of it back, all within the span of 6 months. Since then it stabilized within a fairly narrow channel which it broke out of as a result of this week's move.

Click here to go to the live chart.
The Mongolia has the distinction of possessing the economy that is expected by the IMF to grow the most on the planet during the period 2007-2015 (an astounding 388%).

Click here to go to the live chart.

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