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The London Stock Exchange Group saw its share value rise in August by 11.3 per cent, according to the Mondo Visione Exchanges Index, continuing the positive impact of new CEO Xavier Rolet.
The LSE Group rise was achieved against a backdrop of a slight fall in overall share values for listed exchanges during August, which saw a decrease in capital returns of -1.3%
The index, which aims to reflect market sentiment and is a key indicator of exchanges performance, closed at 22196.55 on 31 August, 2009, with 11 of its 18 listed exchanges experiencing an increase in share value.
Seven exchanges showed decreases during August with the ASX in Australia and the Hong Kong Exchanges and Clearing showing the biggest decline in share price with recorded figures of -10.7% and -7.7% respectively.
Listed exchanges reached an all-time low in February, 2009, but produced steep increases during March, April and May. This declined slightly in June but July’s figures showed a return to growth overall across the markets. Although August was down slightly, there are signs of stabilisation in the markets following the impact of the global recession. The overall trend remains positive as year to date; the index has increased by 40.6 per cent.
Herbie Skeete, Managing Director, Mondo Visione and also Co-founder of the Index said:
“Although it’s still early days for Xavier Rolet, it appears he and the LSE are determined to be the masters of their own destiny and will not be satisfied by staying on the defensive, fending off take-over attempts.
“This emerging strategy is having positive knock-on effects and with the rise in share value, Mr Rolet’s honeymoon period looks set to continue.”
The FTSE Mondo Visione Exchanges Index best performer by capital returns in US dollars was the Bolsa Mexicana de Valores SA with a 20 per cent increase in share price from 31 July, 2009 to 31 August, 2009.
Mondo Visione Exchanges Index Report - August 2009
