The FTSE Mondo Visione Exchanges Index fell by 9.6 percent in Q2 2010 compared to a rise of 42.7 percent during the same quarter in 2009, which produces a negative excess return of 52.4 percent over the two periods.
European-based exchanges experienced weak performances between April-June 2010 in stark contrast to strong returns over the same period last year.
The worst quarterly performer was Greece’s Hellenic Exchange, which experienced a 96.5 percent fall over Q2 2010 and Q2 2009. The London Stock Exchange and Deutsche Boerse’s share price performance fell 64.5 percent and 46.1 percent respectively for over the two discrete periods .
Commenting on the Index which closed at 21,390.78 on 30 June 2010, Herbie Skeete, Managing Director, Mondo Visione and co-founder of the Index said:
"European exchanges continue to struggle to improve share price performance. The changing regulatory environment makes this a volatile time for the likes of Deutsche Boerse and the LSE, who will be looking at the impact of CESR’s recommendations on the European trading landscape.”
The Index*, which aims to reflect market sentiment and is a key indicator of exchanges performance, saw a 3.4 per cent increase in June.
The FTSE Mondo Visione Exchanges Index best performer by capital returns in US dollars was Bolsa Mexicana de Valores with a 4.4 per cent increase in share price from 31 May 2010 to 30 June 2010.
The FTSE Mondo Visione Exchanges Index worst performer by capital returns in US dollars was Hellenic Exchanges with a 12.5 per cent decrease in share price from 31 May 2010 to 30 June 2010.
For a full analysis of the FSTE Mondo Visione Exchanges Index which shows a break-down of monthly, quarterly and half yearly performance for 2010 visit mondovisione.com/index.cfm?section=media
FTSE Mondo Visione Exchanges June 2010 Report - Including Quarterly Analysis
*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.
