AUS
NZ
UK
CA
USA
IND
Equity markets across the globe have been continuing their rally unabated for a year now – a year when economy was in doldrums and future looked bleaker than ever.
During the past one year, the equity markets have sent every established notion regarding markets for a toss – showing a great deal of indifference to fundamentals.
All this has been buoyed by the unprecedented stimulus packages that were rolled out by the governments across the globe and amounted to almost US$6 trillion. Instead of being funnelled to the productive sectors, this money ended up in stock markets across the globe.
This has resulted in a situation wherein equities have become extremely overheated. Many exchanges are touching new life highs almost every other day. Here is a list of five exchanges that have soared the most in the last one year:
Source: Kalkine Research
- VN30: Vietnam’s Equal Weight Index tracks the performance of the top 30 large-cap, liquid stocks listed on the Ho Chi Minh City stock exchange along with two popular indices in Vietnam: VN Index and VN30 Index. The index was developed by Phoenix Global Wealth Management - a division of Phoenix Capital Group - in affiliation with S&P Dow Jones Indices for calculation and update, and officially published on S&P Dow Jones website from late April 2016. This index has surged by a mindboggling 86.7% in the last one year.
- ATX: The Austrian Traded Index (ATX) is the most important stock index of the Wiener Börse – also known as Vienna Stock Exchange. The ATX, like most European indices, is defined as a price index and currently consists of 20 stocks. In the last one year, this index has surged 61.8%.
- Tadawul All Share Index: This index is the benchmark of Saudi Arabian Exchange. The Saudi Exchange is a fully owned subsidiary of Saudi Tadawul Group and was established in March 2021 following the transformation of the Saudi Stock Exchange (Tadawul) into a holding company, Saudi Tadawul Group. As oil prices regained momentum in the last one year, this exchange has rallied 47%.
- Nifty50: It is a broad 50-share benchmark index, which represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange. The index has soared 46.9% in the last one year as Indian markets were flush with foreign and domestic funds – all channelled towards stock markets.
- BSE Sensex: It is India’s premier 30-share benchmark. It is a free-float market-weighted stock market index of 30 well-established and financially sound companies listed on the Bombay Stock Exchange. The index has rallied 45% in the last one year.
