FTSE Mondo Visione Exchanges Index up 6.4 per cent
The share values of listed exchanges grew by 6.4 per cent during September 2009, amid further signs that the sector is returning to buoyancy and outperforming the rest of the market in terms of recovery.
Sixteen of the 18 exchanges listed on the Mondo Visione Exchanges Index experienced growth in the past month, with BM&F Bovespa leading the charge having grown 17.6 per cent in September and 65.7 per cent over the past year.
The index, which aims to reflect market sentiment, closed at 23,625.71 on 30 September 2009 and, overall, the recent trend remains positive since a four-year low of 11,707.68 recorded in March 2009.
Herbie Skeete, managing director, Mondo Visione, says: “It looks as though the exchange sector is beginning to return to health. Listed exchanges have been forced to engage in some significant cost cutting in order to improve performance and remain competitive.
“Year to date, we are, however, seeing the recovery continue and the exchanges sector persists in outpacing the rest of the market.”
The FTSE Mondo Visione Exchanges Index best performer by capital returns in US dollars was BM&F Bovespa with a 17.6 per cent increase in share price from 31 August 2009 to 30 September 2009.
The FTSE Mondo Visione Exchanges Index worst performer by capital returns in US dollars was Nasdaq OMX Group with a 4.1 per cent decrease in share price from 31 August 2009 to 30 September 2009.
- By Category
- News from other sites
- Special Reports
- Partner events