The London Stock Exchange’s share price has been the biggest winner in the last quarter, according to the FTSE Mondo Visione Exchanges Index. In Q2 2011, the exchange’s share price increased by more than 27 per cent and also experienced the biggest gain compared to Q1 2011, amongst listed exchanges.
The London Stock Exchange was followed by Canada’s TMX Group which experienced a 13.7 per cent increase in share value during Q2.
Greece’s Hellenic Exchanges SA experienced the biggest dip in share price value, during Q2, with a 19.1 per cent decrease.
Overall, the Index’s value decreased by 2.3 per cent in Q2 2011 compared to Q1 2011.
Commenting on the Index which closed at 24,666.26 on 30 June 2011, Herbie Skeete, Managing Director, Mondo Visione and Co-founder of the Index said:
"The LSE share price rose by just over three per cent on June 30th after the TMX deal collapsed. The current view is that a bid from NASDAQ will be forthcoming and stands a better chance of success if it is a friendly approach.
This leaves the door still open for the Maple consortium which is fully committed to getting a deal done with TMX.
We shall continue to watch the Index to see how merger activity, and market sentiment in countries such as Greece, impact exchanges’ share values.”
The Index*, which aims to reflect market sentiment and is a key indicator of the exchanges’ performance, saw a 2.9 per cent decrease in June 2011.
The FTSE Mondo Visione Exchanges Index best performer by capital returns in US dollars was the London Stock Exchange Group with a 5.5 per cent increase in share price from 31 March to 30 June 2011. The next best performer was IntercontinentalExchange with a 3.4 per cent increase over the same period.
The FTSE Mondo Visione Exchanges Index worst performer by capital returns in US dollars was Philippine Stock Exchange with a 11.8 per cent decrease in share price from 31 March to 30 June 2011. This was followed by Greece’s Hellenic Exchanges SA with a 10 per cent decline over the same period.
*The FTSE Mondo Visione Exchanges Index is compiled by FTSE Group from data based on the share price performance of listed exchanges and trading platforms.