Ranking of Top 50 Best Stock Markets Worldwide (2017)

James Ryan Jonas

The Philippine Stock Exchange (PSE) secured the 17th spot in the list of the Top 50 best performing stock markets worldwide after locking in gains of 25.11% in the full-year 2017.

The 25.11% return means a P100,000 investment made in the PSE index (PSEi) from January to December last year would be worth P125,110 by the end of the year.

Top 10 Best Stock Markets Worldwide

The PSEi’s return is already significant, but other global stock markets trumped this return, including Argentina’s Merval Index (MERVAL) — the world’s best performing stock market in 2017 — which dramatically rose 77.72% last year. This means a P100,000 investment in the MERVAL is now worth P177,720.

Wrapping up the Top 3 is the Ukrainian Equities Index (UX), ranked 2nd with full-year gains of 72.90%, and the Kazakhstan Stock Exchange Index (KASE), ranked 3rd with gains of 61.92%.

The full list of the Top 10 highest-gaining global stock markets is as follows:

  1. Argentina (Merval Index MERVAL): +77.72%
  2. Ukraine (Ukrainian Equities Index UX): +72.90%
  3. Kazakhstan (Kazakhstan Stock Exchange Index KASE): +61.92%
  4. Ghana (Ghana Stock Exchange Composite Index GSE Ghana): +52.69%
  5. Turkey (Borsa Istanbul 100 Index XU100): +48.17%
  6. Vietnam (Vietnam Ho Chi Minh Stock Index VNINDEX): +48.07%
  7. Hong Kong, China (Hang Seng Index HANG SENG): +37.30%
  8. Latvia (Riga Stock Exchange Index OMX Riga): +35.92%
  9. Chile (Santiago Stock Exchange IPSA Index): +34.82%
  10. Austria (Austrian Traded Index ATX): +29.07%

The Philippine Stock Exchange is ranked 17th, as seen in the complete list and ranking of 50 Global Stock Markets below.

Performance Ranking: Top 50 Best Performing Stock Markets Worldwide

RankCountryStock Exchange / IndexStock Index CodeJan-Dec 2017 Profit %
1ArgentinaArgentina Merval IndexMERVAL77.72%
2UkraineUkrainian Equities IndexUX72.90%
3KazakhstanKazakhstan Stock Exchange IndexKASE61.92%
4GhanaGhana Stock Exchange Composite IndexGSE Ghana52.69%
5TurkeyBorsa Istanbul 100 IndexXU10048.17%
6VietnamVietnam Ho Chi Minh Stock IndexVNINDEX48.07%
7Hong Kong (China)Hang Seng IndexHANG SENG37.30%
8LatviaRiga Stock Exchange IndexOMX Riga35.92%
9ChileSantiago Stock Exchange IPSA IndexIPSA34.82%
10AustriaAustrian Traded IndexATX29.07%
11PeruS&P/BVL Peru General IndexS&P/BVL Peru27.98%
12BrazilIbovespaSao Paulo Stock Exchange IndexIBOV27.80%
13IndiaNIFTY 50 Srock IndexNIFTY27.48%
14USANasdaq Composite IndexNASDAQ27.09%
15PolandWarsaw Stock ExchangeWIG2026.45%
16GreeceAthens Stock Exchange General IndexASE26.03%
17PhilippinesPhilippine Stock ExchangePSEi25.11%
18USADow Jones IndustrialDOW24.72%
19HungaryBudapest Stock IndexBUX23.64%
20Shanghai / Shenzhen (China)Shanghai Shenzhen CSI 300 IndexCSI 30022.23%
21South KoreaKorea Composite Stock Price IndexKOSPI21.88%
22New ZealandNew Zealand NZX 50 IndexNZX 5021.85%
23EgyptEgyptian Stock Exchange IndexEGX3021.66%
24MauritiusMauritius Stock Exchange SEMDEX IndexSEMDEX21.50%
25IndonesiaJakarta Stock Exchange Composite IndexJCI Jakarta19.86%
26JapanTokyo Stock Price IndexTOPIX19.70%
27South AfricaFTSE/JSE Africa IndexFTSE/JSE Top4019.45%
28JapanNikkei-225 Stock IndexNIKKEI18.91%
29USAStandard & Poor's 500 IndexS&P 50018.87%
30UkrainePFTS Ukraine Stock Exchange IndexPFTS18.87%
31NorwayOslo Stock Exchange Benchmark IndexOSEBX18.66%
32MacedoniaMacedonia Stock Exchange IndexMBI1018.17%
33SingaporeStraits Times IndexSTI17.78%
34Czech RepublicPrague Stock Exchange IndexPX17.24%
35LithuaniaNASDAQ OMX Vilnius Stock ExchangeOMX Vilnius17.15%
36Taiwan (China)Taiwan Capitalization Weighted Stock IndexTAIEX16.28%
37EstoniaNasdaq Tallinn Stock ExchangeOMX Tallinn15.78%
38DenmarkOMX Copenhagen 20OMXC2015.66%
39BulgariaBulgaria Stock Exchange Sofix IndexSOFIX15.51%
40PortugalPortugal PSI 20 IndexPSI2015.42%
41ItalyMilano Indice di BorsaFTSEMIB13.80%
42SwitzerlandSwiss Market IndexSMI13.70%
43NetherlandsAmsterdam Exchange indexAEX12.88%
44GermanyDeutsche Boerse AG German Stock IndexDAX12.81%
45KuwaitKuwait Stock Exchange IndexKSW Kuwait11.38%
46BelgiumBelgium Belgium Stock MarketBEL2010.46%
47FranceCotation Assistee en ContinuCAC409.80%
48SpainMadrid Indice Bursatil EspanolIBEX 357.69%
49EurozoneEURO STOXX 50STOXX 507.10%
50CanadaCanadian Securities ExchangeCSE5.85%

Source: Trading Economics

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James Ryan Jonas teaches business management, investments, and entrepreneurship at the University of the Philippines (UP). He is also the Executive Director of UP Provident Fund Inc., managing and investing P3.2 Billion ($56.4 Million) worth of retirement funds on behalf of thousands of UP employees.