BSE, NSE among top 5 emerging market bourses: SEBI
MDT/PTI 16 August 2012

Listing out a total of 14 stock exchanges across emerging countries, SEBI said the BSE stood at fourth position and the NSE at fifth among these bourses in terms of cumulative market capitalisation of all their listed companies

Mumbai: The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are among top five bourses across the emerging economies of the world in terms of market capitalisation, the Securities and Exchange Board of India (SEBI) has said in its latest monthly report, reports PTI.

Listing out a total of 14 stock exchanges across emerging countries, SEBI said the BSE stood at fourth position and the NSE at fifth among these bourses in terms of cumulative market capitalisation of all their listed companies.

SEBI has cited data from the World Federation of Exchanges (WEF) in its monthly report for June 2012.

The BSE stood at the fourth position with a market cap of $1,101.87 billion as on 30 June 2012, up 6.36% from $1,035.91 billion at the end of previous month.

The NSE stood at fifth spot with market valuation at $1,079.39 billion at June-end, an increase of 6.42$ from $1,014.21 billion in May.

Among emerging countries, Shanghai Stock exchange (China) was ranked as number one with a market cap of $2,410.87 billion, followed by Shenzhen Stock Exchange (China) at $1,149.17 billion and BM&FBOVESPA (Brazil) at $1,127.24 billion.

Overall, the major stocks listed in both developed and developing countries recorded upward trend in market value at the end of June 2012.

Among developing regions, the market capitalisation of Mexican Exchange grew by 12.2% during June 2012 and that of Johannesburg Stock Exchange by 7.11%.

On the other hand, Shanghai Stock Exchange plunged by 5.8% during the month followed by Shenzhen Stock Exchange 4.1%.

Besides developed markets, the market capitalisation of NYSE Euronext (Europe) recorded a growth of 7.78%, followed by London Stock Exchange Group (7.30%) and NASDAQ OMX Nordic Exchange at 6.62%.

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