Global stock markets: Colombo best performer, Bermuda the worst

Thursday, 6 January 2011 00:01 - - {{hitsCtrl.values.hits}}

As per the market financial.com, Colombo topped the list of best performing stock markets whilst Bermuda was worst. Its analysis was in local currencies and for equity markets around the world.

As shown, the average country saw its major equity market index gain 15.33% in 2010. Sri Lanka’s stock market gained the most at 96.01%, while Bermuda declined the most at -44.87%. Six other countries along with Sri Lanka gained more than 50% in 2010 – Bangladesh (82.79%), Estonia (72.62%), Ukraine (70.20%), Peru (64.99%), Lithuania (56.49%), and Argentina (51.83%).

Looking at just the G-7 countries, Germany did the best at 16.06%, followed by Canada (14.45%), the US (12.78%), and the UK (9%). The three other G-7 countries – France, Japan, and Italy – all declined last year.

Of the BRICs, Russia gained the most at 22.70%, followed by India (17.43%), Brazil (1.04%), and China (-14.31%). While some are calling for developed markets to start outperforming emerging markets in 2011, the results below show that trend beginning to unfold in 2010.