LSE lifted by Rolet effect

THE LONDON Stock Exchange (LSE) saw its share value rise in August by 11.3 per cent, as the positive effect of new chief executive Xavier Rolet continued, according to the Mondo Visione Exchanges Index.<br /><br />The share price rise was achieved against a backdrop of a fall of -1.3 per cent in overall share values for listed exchanges, leading it to be dubbed the &ldquo;Rolet effect&rdquo;. <br /><br />&ldquo;Although it&rsquo;s still early days for Rolet, it appears he and the LSE is determined to be the master of its own destiny and will not be satisfied by staying on the defensive, fending off take-over attempts,&rdquo; said Mondo&rsquo;s managing director Herbie Skeete.<br /><br />&ldquo;This emerging strategy is having positive knock-on effects and with the rise in share value, Mr Rolet&rsquo;s honeymoon period looks set to continue.&rdquo;<br /><br />The index, which aims to reflect market sentiment and is a key indicator of exchanges performance, closed at 22196.55 on 31 August, with 11 of its 18 listed exchanges increasing their share values.