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
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.
2017 Year End Review