PSE in Top 20 Best Stock Markets Worldwide

James Ryan Jonas

The Philippine Stock Exchange (PSE) belongs to the Top 50 best performing stock markets worldwide, placing 19th among 50 global exchanges ranked in terms of gains generated from January to October 2017.

The Philippine Stock Exchange index (PSEi) racked up total gains of +22.29% during the first 10 months of the year.

This means a P100,000 investment made in the PSEi from January to October this year would be worth P122,290 at the end of the 10-month period.

Top 10 Best Stock Markets Worldwide

Overall, Argentina’s stock market is the top-gaining stock exchange globally, with the Argentina Merval Index (MERVAL) increasing by a whopping +65.12% from January to October this year. This means a P100,000 investment in the MERVAL would be worth P165,210.

Ranked 2nd is Ukraine, with the Ukrainian Equities Index (UX) booking gains of +59.00% and rounding up the Top 3 is Kazakhstan Stock Exchange Index (KASE) of Kazakhstan with gains of +53.79%.

The full Top 10 stock exchanges are as follows:

  1. Argentina (Merval Index MERVAL): +65.12%
  2. Ukraine (Ukrainian Equities Index UX): +59.00%
  3. Kazakhstan (Kazakhstan Stock Exchange Index KASE): +53.79%
  4. Turkey (Borsa Istanbul 100 Index XU100): +44.65%
  5. Ghana (Ghana Stock Exchange Composite Index GSE): +39.67%
  6. Latvia (Riga Stock Exchange Index OMX Riga): +39.67%
  7. Chile (Santiago Stock Exchange IPSA Index): +34.61%
  8. Austria (Austrian Traded Index ATX): +30.08%
  9. Hong Kong, China (Hang Seng Index): +29.97%
  10. Poland (Warsaw Stock Exchange WIG20): +29.62%

The complete Top 50 list of best performing stock exchanges worldwide is shown below.

List: Top 50 Best Performing Stock Markets Worldwide

RankCountryStock Exchange / IndexStock Index CodeJan-Oct 2017 Gain (Loss)
1ArgentinaArgentina Merval IndexMERVAL65.12%
2UkraineUkrainian Equities IndexUX59.00%
3KazakhstanKazakhstan Stock Exchange IndexKASE53.79%
4TurkeyBorsa Istanbul 100 IndexXU10044.65%
5GhanaGhana Stock Exchange Composite IndexGSE Ghana39.67%
6LatviaRiga Stock Exchange IndexOMX Riga39.67%
7ChileSantiago Stock Exchange IPSA IndexIPSA34.61%
8AustriaAustrian Traded IndexATX30.08%
9Hong Kong (China)Hang Seng IndexHANG SENG (HSI)29.97%
10PolandWarsaw Stock ExchangeWIG2029.62%
11PeruS&P/BVL Peru General IndexS&P/BVL Peru27.67%
12IndiaNIFTY 50 Srock IndexNIFTY27.54%
13VietnamVietnam Ho Chi Minh Stock IndexVNINDEX26.75%
14South KoreaKorea Composite Stock Price IndexKOSPI26.15%
15USANasdaq Composite IndexNASDAQ24.98%
16HungaryBudapest Stock IndexBUX23.77%
17BrazilIbovespaSao Paulo Stock Exchange IndexIBOV23.38%
18MacedoniaMacedonia Stock Exchange IndexMBI1022.82%
19PhilippinesPhilippine Stock ExchangePSEi22.29%
20MauritiusMauritius Stock Exchange SEMDEX IndexSEMDEX21.54%
21South AfricaFTSE/JSE Africa IndexFTSE/JSE Top4020.85%
22Shanghai / Shenzhen (China)Shanghai Shenzhen CSI 300 IndexCSI 30020.74%
23NorwayOslo Stock Exchange Benchmark IndexOSEBX19.23%
24GreeceAthens Stock Exchange General IndexASE19.18%
25DenmarkOMX Copenhagen 20OMXC2018.99%
26ItalyMilano Indice di BorsaFTSEMIB18.50%
27USADow Jones IndustrialDOW18.29%
28LithuaniaNASDAQ OMX Vilnius Stock ExchangeOMX Vilnius18.29%
29SingaporeStraits Times IndexSTI17.73%
30JapanTokyo Stock Price IndexTOPIX17.65%
31JapanNikkei-225 Stock IndexNIKKEI17.29%
32New ZealandNew Zealand NZX 50 IndexNZX 5017.04%
33PortugalPortugal PSI 20 IndexPSI2017.02%
34Taiwan (China)Taiwan Capitalization Weighted Stock IndexTAIEX16.78%
35Czech RepublicPrague Stock Exchange IndexPX15.85%
36EgyptEgyptian Stock Exchange IndexEGX3015.65%
37GermanyDeutsche Boerse AG German Stock IndexDAX15.23%
38USAStandard & Poor's 500 IndexS&P 50015.03%
39NetherlandsAmsterdam Exchange indexAEX14.53%
40BulgariaBulgaria Stock Exchange Sofix IndexSOFIX14.40%
41IndonesiaJakarta Stock Exchange Composite IndexJCI Jakarta14.00%
42UkrainePFTS Ukraine Stock Exchange IndexPFTS13.65%
43KuwaitKuwait Stock Exchange IndexKSW Kuwait13.60%
44BelgiumBelgium Belgium Stock MarketBEL2013.59%
45EstoniaNasdaq Tallinn Stock ExchangeOMX Tallinn13.39%
46FranceCotation Assistee en ContinuCAC4013.18%
47SpainMadrid Indice Bursatil EspanolIBEX 3512.53%
48SwitzerlandSwiss Market IndexSMI12.44%
49EurozoneEURO STOXX 50STOXX 5011.65%
50CanadaCanadian Securities ExchangeCSE11.46%

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.