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



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.



Related Reports:

1.  Performance 2013: Global Stock Markets

2.    Q2 2013 Global Markets Performance - Business Insider

3.   The Amazing Divergence in Global Equity Market Performance

4.    World indices - equity index performance and stock market ...

5.    Global Stock Markets end the Week Volatile

6.    Is it time for CBN to reduce its MPR?

7.Inflation: The bane of Nigeria’s Economic Potential

8. Stock Markets, Quantitative Easing, Interest Rates & the New Normal




Disclaimer/Advice to Readers:
While the website is checked for accuracy, we are not liable for any incorrect information included. The details of this publication should not be construed as an investment advice by the author/analyst or the publishers/Proshare. Proshare Limited, its employees and analysts accept no liability for any loss arising from the use of this information. All opinions on this page/site constitute the author’s best estimate judgement as of this date and are subject to change without notice. Investors should see the content of this page as one of the factors to consider in making their investment decision. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions. This information is published with the consent of the author(s) for circulation in/to our online investment community in accordance with the terms of usage. Further enquiries should be directed to the author whose e-mail is




Related News