CSE still placed ‘second worst stock exchange’

Colombo held on to its position of being the second worst stock exchange in the world, according to latest analysis of global capital markets by the Bespoke Investment Group.

"The average year to date performance of 78 countries (as at March 7) stands at 6.82 percent, with 66 markets of 78 (85 percent) in the black.  Venezuela is up the most at 36.95 percent, followed by Vietnam at 26.30 percent and Russia at 21.69 percent.  Bangladesh is down the most at -18.51 percent, followed by Sri Lanka at -9.92 percent and Slovakia at -6.74 percent.

"Of the G7 countries, Japan is surprisingly up the most in 2012 with a gain of 13.25 percent.  With a gain of 7.55 percent, the US ranks 4th out of the G7 countries behind Japan, Germany and Italy.  Canada has been the worst performing G7 country in 2012 with a gain of 3.11 percent.

"While the BRICs underperformed last year, all four are outperforming the US in 2012."

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