A stock market ticker shows financial gains and losses
Highlights
- ASX200 is among the top gainers in the APAC region.
- Vietnam’s VN30 has emerged as the top performer across the globe.
- Vietnam, India, South Korea, Taiwan have performed better than Australia
The Australian equity benchmark ASX200 has made the cut to feature among the top performers in the Asia Pacific region (APAC) over the last one year.
The benchmark has given returns of 26.96% over the last one year as the stock markets all over the world rallied on back of liquidity push coming from stimulus packages.
Maintained by Standard & Poor's, the ASX200 is a market-capitalisation weighted and float-adjusted stock market index of stocks listed on the Australian Securities Exchange.
When it comes to the performance of equity benchmarks, the Asia Pacific region encompasses some of the best performing countries in the world – Vietnam and India.
Vietnam’s VN30 has been the best performer across the world – giving investors a 52-week return of 69.76% in the last one year.
The VN30 index includes stocks listed on the Ho Chi Minh City Stock Exchange which are eligible to participate in creation basket and index criteria. The VN30 index has a 10% weight limit for individual stocks and 15% for group of related stocks. The VN30 Index represents 74% of the Vietnam’s capital market. The index is reviewed freefloat every three months and constituents every six months.
On the other hand, both the Indian benchmarks – BSE Sensex and NSE Nifty – have given investors returns of over 50% on the back of continuous foreign fund inflow into the markets of the country that is slated to be the world’s fastest growing in 2021.
The 30-share benchmark of the country, BSE Sensex – which is a free-float market-weighted stock market index of 30 well-established and financially sound companies listed on the Bombay Stock Exchange – gave investors a return of 51.55%, while broader 50-share index of NSE Nifty gave investors a return of 52.85% over the last one year.
The NSE Nifty represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange.
The other indices in the region that did better than ASX200 were – Taiwan Weighted, up 38.61%; and, South Korean KOSPI – up 35.17%.