In October 2017, over 50% of the exchanges that report data to the WFE saw their benchmark indices scale record high levels. Such a synchronised increase in benchmark indices across regions and in both developed and emerging markets, calls for a deeper examination of underlying market performance. We therefore examine the following indicators for key markets in each region:
Americas
In October 2017, the Americas saw the Dow Jones Industrial average breach the 23,000 mark for the first time, the S&P 500 index break through the 2,500 level for the first time, NASDAQ and NYSE’s Composite Indices reach historic highs, and B3’s stock market index Ibovespa and TMX Group’s S&P/TSX composite index, climb to record high levels.
Broad index trajectory since October-16
[chart]
Exchange | % change in Index | Market Cap | Value of share trading (EOB) | No. of trades in equity shares | Investment Flows |
---|---|---|---|---|---|
|
Oct’16/Oct’17 | Jan-Oct 2016/ Jan-Oct 2017 | |||
B3 | +14.5% | +12.8% | +27.9% | +2.0% | +48.6% |
Nasdaq | +29.6% | +28.2% | +2.2% | -11.4% | -7.7% 1 |
NYSE | +17.7% | +17.8% | -6.3% | -23.3% | +6.7% |
TMX Group | +8.4% | +22.7% | +7.7% | -9.5% | -9.0% |
Nasdaq1 figures refer to investment flows only through IPOs
Asia-Pacific
In the Asia-Pacific region, the Japan Exchange Group’s Nikkei 225 average index recorded a 2-decade high and Topix index closed at a decade high, Taiwan Stock Exchange’s benchmark index reached a 27-year high, the SET (Stock Exchange of Thailand) Index recorded a 23-year high, Hong Kong Exchange’s Hang Seng index hit its highest point since the global financial crisis and BSE Ltd’s Sensex, NSE India’s Nifty and New Zealand Stock Exchange’s NZX 50 recorded lifetime highs in the month of October. ASX’s S&P/ASX 200 index was roughly 150 points shy of a nine-year high at its peak in October.
Exchange | % change in Index | Market Cap | Value of share trading (EOB) | No. of trades in equity shares | Investment Flows |
---|---|---|---|---|---|
|
Oct’16/Oct’17 | Jan-Oct 2016/ Jan-Oct 2017 | |||
ASX | +10.6% | +12.9% | +3.2% | +9.5% | +11.5% |
BSE Ltd. | +21.9% | +27.1% | +40.2% | -10.5% | +1974.9% |
HKeX | +25.7% | +26.2% | +1.3% | +15.7% | -6.1% |
JPX Group | +26.8% | +17.0% | +2.1% | -8.0% | +27.6% 2 |
Korea Exchange | +25.7% | +30.7% | -2.0% | +2.0% | +183% |
NSE India Ltd. | +22.0% | +31.0% | +42.6% | +16.9% | +55.5% |
NZX Ltd. | +17.1% | +5.8% | +9.6% | +15.4% | -21.5% |
TWSE | +16.2% | +22.9% | +42.6% | +21.1% | +67.5% |
SET | +15.1% | +22.3% | -3.3% | -6.3% | +18.9% |
2 Due to a one-month lag period in investment flows figures received from JPX group, the investment flows figures are based on data from Jan-Sep 2017
Broad index trajectory since Oct-16
[chart]
Broad index trajectory since Oct-16
[chart]
EMEA
In the EMEA region, the LSE Group’s FTSE 100 and Germany's benchmark DAX index reached record highs, while SIX Swiss exchange’s index exceeded the 9,300-point mark for the first time since the summer of 2015. In Africa and the Middle East, the JSE (Johannesburg Stock Exchange) and EGX’s (the Egyptian Exchange) benchmark indices also reached record highs.
Exchange | % change in Index | Market Cap | Value of share trading (EOB) | No. of trades in equity shares | Investment Flows |
---|---|---|---|---|---|
|
Oct’16/Oct’17 | Jan-Oct 2016/ Jan-Oct 2017 | |||
Deutsche Boerse (DB) AG | +9.3% | NA | +9.6% | +2.2% | -63.3% 3 |
JSE | +22.1% | +19.7% | -4.4% | -4.2% | -5.5% |
LSE Group | +18.1% | +29.4% | +7.5% | +6.6% | +58.6% |
Oslo Stock Exchange | +16.6% | +25.9% | +11.7% | +9.4% | +74.8% |
SIX Swiss Exchange | +20.8% | +18.9% | -10.6% | +35.4% | +3.8% |
The Egyptian Exchange | +71.0% | -4.7% | +9.6% | +2.2% | +13.7% |
3 This figure refers to investment flows through IPOs only
*All benchmark indices have been scaled to 100 to map the trajectory in graphs