Cyprus stock market second last year worldwide

THE CYPRUS stock market was second last year worldwide after Peru, with returns of 157 per cent, according to an annual review by Thomson Financial, published in the Sunday Times.
The analysis by the financial-information firm underlines the growing importance of these emerging economic powerhouses to investors as well as to trading partners.

The review adds that the populous and fast-growing Bric economies – Brazil, Russia, India and China – produced the four best performances among major stock markets last year.

China was the best-performing major market, the Shenzhen A-share index delivering total returns of 101.7 per cent last year for a dollar investor. The Russian market rose by 65.8 per cent, the Brazilian market by 40.9 per cent and the Indian market by 36.6 per cent.

All these figures are calculated to include dividends and were calculated in dollars – thus neutralising currency changes.

The much larger British and American stock markets also performed well last year, but trailed far behind the Bric markets. In dollar terms, the FTSE 100 delivered a total return of 26.3 per cent, making it the 56th best-performing market among the 93 tracked by Thomson. The 14 per cent gain in the S&P 500, the broader American index, ranked 84th.

“Some smaller stock markets did even better than China. Peru was the best performer, producing a 182 per cent gain on the back of its metals industry. Cyprus was next with returns of 157 per cent,” the review notes.

The worst performers included several Middle East stock markets, hurt by the bursting of the oil bubble. Investors in Jordan were the worst hit, suffering losses of 34 per cent. Kuwait, Lebanon, Turkey and Bangladesh also produced negative returns.
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The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.