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Argentina, Nigeria Lead as Best Performing Stock Markets in the World in 2017


Thursday, December 28, 2017 /05:30PM / Proshare Research 

Stock markets all around various regions, economic blocs and the world have been reacting to peculiar factors which can be traced to those regions or economic unions while a continuous rise in global oil prices cannot be ruled out following renewed vigor from active players in global oil markets.

Right from Europe to Africa, Asia and the US, stock markets seem to be witnessing some rallies as seen in the performance of benchmark gauge across Europe during the year under review.

In the Nigerian Stock Market which is our primary monitoring market, the key benchmark index, NSE ASI, YTD currently stands at +40.99%. The renewed efforts from the monetary and fiscal authorities in 2017 are greatly responsible for this performance.

However, on announcing the commencement of Importers and exporters FOREX window in Q2 2017, Nigerian equities market appeared to have regain confidence of foreign portfolio players and they have actively supported the resurgence of the market in the year under review.

Argentina's Merval index turned out to be star performer of the year, having surged 89.68% YTD. The election of President Mauricio Macri in late 2015 had help turned the country towards growth path. The economy is growing and stocks have rallied strongly. With it political future looking settled and Macri pursued a number of economic reforms this year, helping to further boost business confidence. 

Also, Nigerian All-Share index is another market witnessing strong northward growth in 2017. Although the market is still miles below record highs set in early 2008, but the rally in 2017 has helped to close the gap. The index suffered mightily in 2015 and 2016 as low oil prices, militant attacks, currency troubles and elections hit investor sentiment.


The Hong Kong –Hang Seng charged ahead by nearly +34.53%. The Bourse had taken advantage of its neighbor Chinese government cautious stand on Tech stocks by implementing more accommodating reforms, a move that that has helped boosted the YTD of the Bourse.

Chilean IPSA turned out to be one of the star performers of 2017 with YTD +32.40% of despite a experiencing a bit of political uncertainty earlier in the year. While Austrian ATX +30.94% and USA Nasdaq +28.91% also among top performer for the year under review

The Russian index is currently trading in the red-zone. However, a reverse might be witness in the New Year if its election runs smoothly and there is stability in the global oil market.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

2017 Year End Review 

1.        Stock You Should Not Touch – 63 Stocks Record No Price Movement in 2017

2.       Stocks Off and Near 52-Week Highs and Lows as at 221217

3.       Top 10 Policy Reforms in 2017

4.       Zimbabwe, Malawi Stock Markets Lead African Markets in 2017 as Ivorian BRVM-10 Top Losers

5.       Nigeria's Top Ten News Makers in 2017

6.       Nigeria’s Economic Indicators in 2017

7.        Market Movements in 2017 - Forex Reserves Up by 44.54%

8.       Foreign Portfolio Participation in Equity Trading in 2017

9.       Oil and Gas Sector – SEPLAT, ETERNA Top Gainers as FO Records -47.19% YTD Return

10.   Consumer Goods Sector – GUINNESS Records Over 3,000 PE Ratio

11.    Financial Services Sector – GUARANTY Records 40.52% PAT Margin as NESF Tops on EPS

12.   NSE ASI Performance Review and How Key Sectors Fared in 2017

13.   47 Financial Services Sector Stocks Are Penny Stocks in 2017

14.   Movers and Shakers in 2017 - DANGCEM, GUARANTY Record Growth in MKT CAP as FO, MOBIL Lead Otherwise

15.   DANGSUGAR, MAYBAKER and INTBREW Among Best Performing Stocks in 2017

 Proshare Nigeria Pvt. Ltd.

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