Skip to main content

Sri Lanka tops Asian stock markets’ 2009 performance


Sri Lankan shares ended 2009 with a stellar 125 percent rally, the market’s best performance in more than a decade and far ahead of other strong performers such as Indonesia, Indiaand China.

The recovery in stock markets after last year’s crisis-driven plunges saw Indiaand Indonesia post their biggest annual gains in a decade, driven in part by foreign money seeking Asia’s relatively stronger balance-sheets, higher yields and growth potential.

The MSCI index of Asia Pacific stocks traded outside Japan .MIAPJ0000PUS has risen nearly 70 percent in 2009, its best performance since 1993 and far outpacing expected gains of just over 20 percent in U.S. and European equities.

Following are Asian stock markets’ moves over full year 2009. Data as of 0730 GMT, Thursday.



MARKET                               Index level   % gain
 Sri Lanka (Colombo All-share)  .CSE   3385.55       125.3
 Indonesia (JSX)               .JKSE   2534.36        87
 India (Sensex)               .BSESN  17478.78        81.2
 China (Shanghai Composite)    .SSEC   3277.14        80
 Taiwan (Taiex)                .TWII   8188.11        78.3
 Singapore (FT Straits Times) .FTSTI   2897.62        64.5
 Thailand (SET)                .SETI    734.54        63.3
 Philippines (PHS Composite)    .PSI   3052.68        63.0
 Pakistan (Karachi 100)         .KSE   9475.24        61.7
 Vietnam (Ho Chi Minh)          .VNI    494.77        56.8
 Hong Kong (Hang Seng)          .HSI  21872.5         52.0
 South Korea (KOSPI)           .KS11   1682.77        49.7
 Malaysia (KLSE Composite)             1269.89        44.8
 Australia (S&P/ASX 200)               4870.64        30.9
 Tokyo (Nikkei average)        .N225  10546.44        19.0
 New Zealand (NZX 50)          .NZ50   3230.15        18.9







Reuters
Labels:

Comments

Post a Comment

Popular posts from this blog

Ukrainians injured as police dismantle Kiev 'tent city'

At least 10 demonstrators have been injured in clashes with Ukrainian police and another 100 detained in the capital Kiev after authorities began dismantling a makeshift "tent city" protesting against corruption. The tent city was set up in October by supporters of Mikheil Saakashvili, a former president of Georgia who has become an opposition politician in Ukraine. Saakashvili, a critic of corruption in Ukraine, was deported to Poland in February. He said he was "kidnapped" by Ukrainian authorities and removed from the country against his will. Andriy Kryshchneko, police chief of police, said at the camp on Saturday that "two court decisions" allowed authorities to search and dismantle the camp. Police said that explosives and other weapons were found at the scene
Post a Comment
Read more

ASSIGNING OF PREFERENTIAL NUMBERS FOR LG POLLS COMPLETED

The Election Secretariat announced that assigning preferential numbers for candidates of the Local Government election to be held for 67 bodies has been completed. Preparations are currently underway to hold the polls under the 2010 electoral register, Additional Elections Commissioner W.P. Sumanasiri said. The electoral register of the year 2010 is scheduled to be certified on June 31.
Post a Comment
Read more

In abrupt turnaround, Olympus admits it hid losses

Japan's Olympus admitted on Tuesday it hid losses on securities investments dating back two decades, bowing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt. The revelations by the 92-year-old company appear to vindicate ex-CEO Michael Woodford, who has staged a campaign since being sacked on October 14 to force the firm to come clean on nearly $1.5 billion in questionable payments. Olympus President Shuichi Takayama blamed Tsuyoshi Kikukawa, who quit as president and chairman on October 26, Vice-President Hisashi Mori and internal auditor Hideo Yamada for the cover-up, saying he would consider criminal complaints against them. The admission after weeks of denials shocked investors, sending shares in the endoscope and camera maker skidding almost 30 percent and prompting the biggest non-Japanese shareholder to demand the replacement of the entire board. "Ignorance is no defense," said Jo...
Post a Comment
Read more