Friday, December 18, 2009

Ukraine's stocks pay off 900% over a decade

Ukraine -- in spite of the fractiousness of its political elite in recent years -- that offered an unbeatable return of nearly 900 percent over the decade, data compiled by Reuters show.

Along with Peru and Sri Lanka, Ukraine was also among the top 10 performing stock markets in 2009, a year that saw emerging equities. Ukraine's PFTS Index .PFTSI managed to double in dollar value in 2009 despite the economy's dependence on a $16.4 billion bailout programme from the International Monetary Fund.

Over the decade, the market capitalisation of the Ukrainian bourse has increased tenfold to $26 billion, fuelled by large-scale privatisation of state assets and the explosion of new securities sales. Source.

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