Listed exchanges rallied to a 22 per cent jump in value during March 2009, reflecting renewed optimism in the industry and ameliorating market conditions.
More than 60 per cent of the exchanges on the FTSE Mondo Visione Exchanges Index, which aims to reflect market sentiment and is the key indicator of exchanges performance, saw their share values boosted by more than one fifth over the past month.
The Index was up 22 per cent in March 2009, bringing year-to-date losses down to 3.5.
Herbie Skeete, Managing Director, Mondo Visione and also Co-founder of the Index said:
“March has seen a boost in the share values of listed exchanges with almost all of the dominant players experiencing strong rallies.
The surge was down to many factors, not least the steps taken to revive the financial services industry by the US Treasury and Federal Reserve.
Of the dominant players, only NASDAQ OMX Group Inc. recorded a loss, which could have been down to market share leeching away to upstarts BATS Exchange and Direct Edge.”
The Index closed at 15222.51 on 31 March 2009, up from 12480.41 on 27 February 2009. Year to date, the Index has decreased by 3.5 per cent.
The FTSE Mondo Visione Exchanges Index best performer by capital returns in US dollars was New Zealand Stock Exchange Ltd. with a 41.4 per cent increase in share price from 27 February 2009 to 31 March 2009.
The FTSE Mondo Visione Exchanges Index worst performer by capital returns in US dollars was Bolsa Mexicana de Valores SA with a 12.8 per cent decrease in share price from 27 February 2009 to 31 March 2009.