EAVEX Weekly

January 08, 2019

It was a quiet start to the year on the PFTS exchange, which is Ukraine’s most active trading platform amid the ongoing restricted activity of the larger UX exchange. The PFTS index was a top emerging market performer worldwide in 2018, skyrocketing by 80%, although the index’s basket of largely illiquid stocks is prone to distortion. Another top-performing stock index was the MBI 10 of the Macedonian Stock Exchange (MSE), which rose by some 30% in 2018. The worst global equity performer in USD terms in 2018 was Venezuela, which saw its IBVC index collapse more than 94 percent, and the second worst was in Argentina, which closed more than 50 percent lower after Buenos Aires found itself in yet another financial crisis.