Feb. -1, 2011
Performance of the main index for Tehran Stock Exchange (TSE) in 2010 has been ranked the best bourse index in Europe, Africa and Middle East and the second best index among all members of World Federation of Exchanges (WFE).
The WFE is the association of 52 regulated exchanges around the world which develops and promotes standards in markets.
The total index of TSE has reached 21,000 units and the value of it hit $100 billion, IRNA reported.
Based on WFE report on the conditions of stock exchanges in 2010, the total value of members of WFE at the end of 2010 amounted to $54.8 trillion, marking a 15 percent increase compared to the corresponding period of the last year, Mehr News Agency reported.
Among the 52 members of WFE, NY Stock Exchange (NYSE) Euronext (America) had the highest value with over $13 trillion while NASDAQ OMX, Tokyo’s bourse, London Stock Exchange Group and NYSE Euronext (Europe) ranked second to fifth, respectively.
The report shows that despite the increase in value of markets after the 2008 crisis, still there is gap of $6 trillion till the total value of the market in 2007, which stood at $61 trillion.
In comparison of point by point growth of value of WFE members in December, 2010 and December, 2009, Colombo bourse with about 110 percent hike in market value ranked top.
The Philippines, Indonesia, Thailand and China’s Shenzhen stock exchanges ranked second to fifth, respectively while TSE, with a growth of over 45 percent, ranked eighth.
The stock exchanges of Athens, Cyprus, Spain and Budapest lost between 40 percent to 80 percent of their value compared to December, 2009 and had the lowest rankings.
The total value of stock trade of WFE members in 2010 reached over $63 trillion, which is about two percent more than the value of stock trade in 2009.
In this category also NYSE Euronext (America) ranked first with $17.8 trillion and NASDAQ OMX, Shanghai, Tokyo and Shenzhen stock exchanges ranked second to fifth, respectively.
Based on the same report, the turnover of stock trades of WFE members in 2010 reached about 115 percent of total value of their markets. The value of TSE stock trades in 2010 grew by two percent compared to 2009 and it was ranked 31st.
In 2010, a total of 2,339 new companies were accepted in WFE members. The most successful stock exchanges in absorbing capital in 2010 were NYSE Euronext (America), Hong Kong, Brazil, Shanghai and NYSE Euronext (Europe).
In the section of indices for 2010, stock exchanges of Lima, Colombo and Tehran were the most superior members in the American continent, Asia and Middle East, respectively.
Colombo Stock Exchange had the highest annual growth rate of main indices of stock exchanges among WFE members with 96 percent while stock exchanges of Tehran, Lima, Buenos Aires and Indonesia, ranked second to fifth, respectively.
Meanwhile, the stock exchanges of Bermuda, Athens Cyprus, Spain (Barcelona) and Spain (Madrid) witnessed the highest rate of reduction in the value of their main indices.
Among WFE members, a total of 5,563 Exchange-traded funds (ETFs) were accepted by the end of 2010 whose trade turnover exceeded $6.3 trillion, marking over three percent of decrease compared to the corresponding figure of 2009.
NYSE Euronext (America), NASDAQ, London Stock Exchange Group and German Stock market as well as NYSE Euronext (Europe) accounted for the highest value of trades of ETFs.