.jpg)
On 29 March 2017, the day that the United Kingdom triggered Article 50, formally beginning the Brexit negotiations, the European Commission blocked the proposed merger between Deutsche Boerse AG and London Stock Exchange Group.
The majority of exchanges continued to demonstrate strong returns for investors with stellar performances on the FTSE Mondo Visione Exchanges Index in Q1 of 2017. Bolsa Mexicana de Valores SAB de CV topped the leader board with an increase in share value of 24.4 per cent in Q1 2017 against a 17.0 per cent decrease in Q4 2016.
BM&FBOVESPA experienced a 19.8 per cent increase in Q1 2017 followed by Warsaw Stock Exchange with a 17.1 per cent increase for the same period.
The share price performance of JSE was the bottom of the Index table with a 20.0 per cent decrease in share value during Q1 2017. Nairobi Stock Exchange experienced a 10.3 per cent decrease in share value in Q1 2017, followed by TMX Group with a 5.2 per cent decrease during the same period.
The Index, which aims to reflect market sentiment and is a key indicator of the exchanges’ performance, saw a 1.4 per cent increase in March 2017. Overall, the FTSE Mondo Visione Exchange Index experienced a 6.5 per cent increase in Q1 2017, buoyed by a strong January result. This compared to a 0.6 per cent increase in Q4 2016 and a 1.0% increase in Q1 2016.
Commenting on the Index which closed up at 39,212.17 on 31 March 2017, Herbie Skeete, Managing Director, Mondo Visione and Co-founder of the Index said:
“The markets have reacted positively to the European Commission blocking the tie-up of the London Stock Exchange Group and Deutsche Boerse, killing off a merger it said would create a 'de facto monopoly in the markets for clearing fixed income instruments' with shares in both parties rising. Deutsche Boerse and London Stock Exchange Group intend to pursue existing strategic goals despite their failed merger and are not likely to be part of any large transactions with both exchanges signalling that their strategy is to keep calm and carry on".
The FTSE Mondo Visione Exchanges Index best performer by capital returns in US dollars in March was Mexico’s Bolsa Mexicana de Valores SA with a 13.7 per cent increase in share price from 28 February 2017 to 31 March 2017. The next best performer was Bursa Malaysia with a 11.8 per cent increase over the same period.
The FTSE Mondo Visione Exchanges Index worst performer by capital returns in US dollars in March was JSE with a 22.8 per cent decrease in share price from 28 February 2017 to 31 March 2017. This was followed by Dubai Financial Market with a 14.4 per cent decrease over the same period.
1 Year Performance Chart Of The FTSE Mondo Visione Exchanges Index (USD Capital Return)
Click here to download March's performance report, including the quarterly analysis.
Monthly FTSE Mondo Visione Exchanges Index Performance (Capital Return, USD)
|
July 2014 |
3.1% |
|
August 2014 |
2.3% |
|
September 2014 |
-3.6% |
|
October 2014 |
2.8% |
|
November 2014 |
2.5% |
|
December 2014 |
-0.5% |
|
January 2015 |
-1.0% |
|
February 2015 |
8.5% |
|
March 2015 |
0.0% |
|
April 2015 |
10.7% |
|
May 2015 |
0.1% |
|
June 2015 |
-3.2% |
|
July 2015 |
-2.7% |
|
August 2015 |
-5.3% |
|
September 2015 |
-2.1% |
|
October 2015 |
7.6% |
|
November 2015 |
0.4% |
|
December 2015 |
-2.2% |
|
January 2016 |
-4,7% |
|
February 2016 |
-0.7% |
|
March 2016 |
6.7% |
|
April 2016 |
0.4% |
|
May 2016 |
1.8% |
|
June 2016 |
-2.2% |
|
July 2016 |
5.3% |
|
August 2016 |
2.3% |
|
September 2016 |
-1.6% |
|
October 2016 |
-1.6% |
|
November 2016 |
2.1% |
|
December 2016 |
0.1% |
|
January 2017 |
6.0% |
|
February 2017 |
-0.8% |
|
March 2017 |
1.4% |
About FTSE Mondo Visione Exchanges Index
The FTSE Mondo Visione Exchanges Index, a joint venture between FTSE Group and Mondo Visione, was established in 2000.
It is the first Index in the world to focus on listed exchanges and other trading venues. The FTSE Mondo Visione Exchanges Index compares performance of individual exchanges and trading platforms and provides a reliable barometer of the health and performance of the exchange sector.
It enables investors to track 28 publicly listed exchanges and trading floors and focuses attention of the market on this important sector.
The FTSE Mondo Visione Exchanges Index includes all publicly traded stock exchanges and trading floors:
- Australian Securities Exchange Ltd
- BM&F Bovespa
- Bolsa Mexicana de Valores SA
- Bolsa y Mercado Espanoles
- BSE
- Bulgarian Stock Exchange
- Bursa de Valori Bucuresti SA
- Bursa Malaysia
- CBOE Holdings
- CME Group
- Deutsche Bourse
- Dubai Financial Market
- Euronext
- Hellenic Exchanges SA
- Hong Kong Exchanges and Clearing Ltd
- IntercontinentalExchange Inc
- Japan Exchange Group, Inc
- Johannesburg Stock Exchange Ltd
- London Stock Exchange Group
- Moscow Exchange
- Multi Commodity Exchange of India
- Nairobi Securities Exchange
- Nasdaq
- New Zealand Exchange Ltd
- Philippine Stock Exchange
- Singapore Exchange Ltd
- TMX Group
- Warsaw Stock Exchange
