Frontier Markets

By: Research Team

Description

ML London Traded Frontier Stocks Index is a set of select stocks traded on LSE as GDRs or in the main market

Comment

Best last week among stocks was Grupo Clarin SA (GCLA:LI) +9.09%, KAZ Minerals PLC (KAZ:LN) +9.05%, KCell JSC (KCEL:LI) +5.74%,

While worst last week among stocks was Avangardco Investments Public Ltd (AVGR:LI) -35.57%, Kazkommertsbank JSC (KKB:LI) -5.00%, MHP SA (MHPC:LI) -3.19%,

Best last month among stocks was United Bank Ltd/Pakistan (UBLS:LI) +38.18%, KAZ Minerals PLC (KAZ:LN) +26.28%, Grupo Clarin SA (GCLA:LI) +18.87%,

While worst last month among stocks was Avangardco Investments Public Ltd (AVGR:LI) -9.80%, Aluminium Bahrain BSC (ALBH:LI) -6.79%, MHP SA (MHPC:LI) -3.19%,

Best YTD among stocks was Ferrexpo PLC (FXPO:LN) +225.18%, KAZ Minerals PLC (KAZ:LN) +106.49%, BGEO Group PLC (BGEO:LN) +47.61%,

While worst YTD among stocks was Avangardco Investments Public Ltd (AVGR:LI) -69.42%, Zenith Bank PLC (ZENB:LI) -53.23%, Aluminium Bahrain BSC (ALBH:LI) -44.59%,

Chart: Croatia Leads Winners While Nigeria Leads Losers in Frontier Univers

Source: ML, MSCI

Chart: Iraq Stocks and Bonds Bounce with Oil Price

Source: ML

Chart: Frontier Markets YTD Performance by May 3

YTD best among Frontier markets Estonia, Morocco. The worst YTS Kazakhstan and Ghana

Source: MSCI

Chart: Argentina Debt and Equity

Source: investing.com