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Romanian stock exchange ranks 5th in last 10 years

The Romanian stock exchange BET index recorded a rise of more than 530 percent in U.S. dollar terms in the last 10 years, thus ranking 5th among the top stock exchange rises worldwide, according to statistics compiled by U.S. publication Businessweek in cooperation with Bloomberg that is carried by the Bucharest-based Romania libera daily on Monday.

The top 10 slots of the rankings see mostly emerging markets. The steepest rise was posted by the Ukrainian stock exchange at more than 900 percent. Other European markets ranking among the world's top 10 are Russia with nearly 700 percent rise, Slovakia with more than 440 percent and the Czech and Estonian markets with 350 percent growths each. The ranking also features such 'exotic' markets as Qatar and Brazil.

The investors' tendency to withdraw from the mature markets in order to invest in the emerging markets in search for much higher yields was particularly felt on the level of the stock exchange developments, with the most dramatic drops being recorded by such developed stock exchanges as the ones of the United States, Britain and Japan, the daily reports.

Nevertheless, the most significant plunge recorded by a stock exchange over the last decade was in Greece, with more than 40 percent, closely followed by the Japanese market - Nikkei index - that fell 38 percent in the last 10 years.

U.S. S&P 500 index posted a correction by 23 percent - the 4th-sharpest drop in the 10 years; a similar correction was recorded by British FTSE 100. Last among the top-10 stocks falls ranks French CAC 40 index that lost 6 percent over the last 10 years.

The rankings were drawn up by converting the local currencies into the U.S. currency, with the reference date being December 1999, Romania libera reports.

Sursa: http://www.agerpres.ro

Tags: percent stock markets years exchange bet

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