With the stock market wracked with panic concerning long-term oil prices and freight shipping disruption, the week after MWC has surprisingly seen the Vendors segment post a positive result – up by +0.38%. This compares to the -1.90% slide in the Indexes segment. However, a real surprise was the extent of the Operators segment’s fall – down -3.21%. This is despite 18 of the 30 operators posting a positive result. The generally poor performance of operators in APAC dragged the entire segment down to the worst weekly performance in the past year. By contrast, some Operators posted double-digit gains that we would normally have been singing from the rooftops about.