Global Stock Markets Q2 ’13 Review: Nigeria leads African Markets in Q2 ‘13

Proshare

 

Wednesday, July 10, 2013 / The Analyst
 

Global stocks experienced a volatile half year as markets opened the year on a strong note which was largely supported by the accommodating monetary policy posture from developed nations. Interestingly, emerging markets grew faster than their developed counterparts within the period of review; with stock markets in these regions exhibiting a reverse portrait.
 

Q2 2013 saw the US, some African Exchanges and Japanese stock indices doing quite well while the Indian, Russian and Chinese indices were rather subdued.

One of the reasons adduced for the buoyancy in developed markets was the huge overflow of money from their central banks which found its way into various asset classes including stocks; and helped fuel the stock market rise.

A cursory look at the performance of the G7 countries in Q2 ’13 reveals that Japan Stock Exchange recorded a +27.11% gain with the  US Nasdaq coming a second close with +12.66% while the Italian and Canadian markets both recorded -9% and -4.45% losses at the end of Q2 ’13 respectively.
 

A similar review of the BRICs countries also revealed that they all recorded negative returns with the Brazilian market witnessing the highest loss of -23.79% while Nigeria All Share Index led the African Exchanges with +26.89% Q2 ’13 return.

Botswana and Mauritius stock markets came second and third in that order with +15.69% and +10.89% while the Kenyan and the Egyptian markets recorded -23.41% and -18.30% negative returns.

 

 

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