World Stock Exchanges – MERVAL Buenos Aires Stock Exchange

World Stock Exchanges – MERVAL Buenos Aires Stock Exchange

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The Buenos Aires Stock Exchange (BCBASpanishBolsa de Comercio de Buenos Aires) is the organization responsible for the operation of Argentina‘s primary stock exchange located at Buenos Aires CBD. Founded in 1854, is the successor of the Banco Mercantil, created in 1822 by Bernardino Rivadavia.

Citing BCBA’s self-definition: “It is a self-regulated non-profit civil association. At its Council sit representatives of all different sectors of Argentina’s economy.”

The most important index of the Stock market is the MERVAL (from MERcado de VALores, “stock market”), which includes the most important papers. Other indicators are BurcapBolsa General and M.AR., and currency indicators Indol and Wholesale Indol.

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The Stock Exchange’s current, Leandro Alem Avenue headquarters was designed by Norwegian-Argentine architect Alejandro Christophersen in 1913, and completed in 1916. A modernist annex was designed by local architect Mario Roberto Álvarez in 1972, and inaugurated in 1977.

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Official Website

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MERVAL

The MERVAL Index (MERcado de VALores, literally Stock Exchange) is the most important index of the Buenos Aires Stock Exchange. It is aprice-weighted index, calculated as the market value of a portfolio of stocks selected based on their market share, number of transactions and quotation price. The base of MERVAL is set at 30 June 1986 = 0.01 Argentine pesos.

The corporations and weighted prices that compose MERVAL are updated every three months, based on their market share during the previous period.

As of August 2013 the companies in it are Aluar (alu smelter), BBVA Banco FrancésBanco MacroSociedad Comercial del Plata (holding),Edenor (electricity), Grupo Financeiro Galícia (financial), Pampa EnergíaPetrobras ArgentinaTernium(=Siderar)(steel), Telecom Argentina,Tenaris (steel pipes), YPF (oil and gas). [1]

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MERVAL PERFORMANCE

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World Stock Exchanges – Sweden – Stockholmsbörsen

World Stock Exchanges – Sweden – Stockholmsbörsen

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OMX Stockholm
Stockholm Stock Exchange
Stockholmsbörsen
OMX AB.svg
Type Stock Exchange
Location Stockholm, Sweden
Founded 1863
Owner OMX
No. of listings 310
MarketCap SEK 2,521 billion (Q2 2007)
Indexes OMX Stockholm 30
Website Nasdaq OMX Nordic

The Stockholm Stock Exchange (SwedishStockholmsbörsen) is a stock exchangelocated in StockholmSweden. Founded in 1863,[1] it has become the primary securitiesexchange of the Nordic Countries. More than 300 companies have been listed for trading.

The Stockholm Stock Exchange was acquired by OMX in 1998, and in 2003 the operations were merged with those of the Helsinki Stock Exchange. Prior to the introduction of electronic trading on 1 June 1990,[1] all trading was conducted on the floor of theStockholm Stock Exchange Building.

Its normal trading sessions are from 09:00am to 05:30pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[2]

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Historic Graph OMX Stockholm 30 (1986- 2012)

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1 Year Graph OMX Stockholm 30 

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World Stock Exchanges – Turkey – Borsa Istanbul

World Stock Exchanges – Turkey – Borsa Istanbul

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Borsa Istanbul
Type Stock exchange
Location SarıyerIstanbul, Turkey
Founded December 26, 1985
Key people İbrahim Turhan (CEO)
Currency Turkish lira
No. of listings 371 [1]
MarketCap Turkish lira symbol 8x10px.png 411.651 billion (2012)[2]
Volume Turkish lira symbol 8x10px.png 3.038 trillion (2012)
Indexes İMKB 30
İMKB 50
İMKB 100
Website borsaistanbul.com

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The Borsa Istanbul (abbreviated as BIST) is the sole exchange entity of Turkeycombining the former Istanbul Stock Exchange (ISE) (Turkishİstanbul Menkul Kıymetler Borsası, IMKB), the Istanbul Gold Exchange (Turkishİstanbul Altın Borsası, İAB) and the Derivatives Exchange of Turkey (TurkishVadeli İşlem Opsiyon Borsası, VOB) under one umbrella. It was established as an incorporated company with a founding capital of Turkish lira symbol 8x10px.png 423,234,000[3] (approx. US$240 million) on April 3, 2013, and began to operate on April 5, 2013. Its logo will be the traditional Ottoman mark for Istanbul, the tulip. Its slogan will be “worth investing”.[4][5]

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Shareholders of Borsa Istanbul are: 49% Government of Turkey, 41% IMKB, 5% VOB, 4% IMKB members, 1% IMKB brokers and 0.3% IAB members. It is planned that all the Government-owned shares will be offered for sale.[6] Among the executives of the nine-member board of directors, which is presided by former chairman of ISE İbrahim Turhan, are former deputy chairman of ISE Osman Akyüz, former head of VOB Işınsu Kestelli,Merrill Lynch Investment Bank General Manager Hüseyin Kelezoğlu and Chairman of Turkish Association of Capital Market Intermediary Institutions Attila Köksal.[4][5]

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History 

The Istanbul Stock Exchange (ISE)[7] was the only corporation in Turkey for securities exchange established to provide trading inequitiesbonds and bills, revenue-sharing certificates, private sector bonds, foreign securities and real estate certificates as well as international securities. The ISE was founded as an autonomous, professional organization in early 1986. It is situated in a modern building complex in the quarter of İstinye, on the European side of Istanbul, since May 15, 1995.[8] The chairman and chief executive officer of the ISE is Dr. İbrahim Turhan, who was appointed by the government on January 1, 2012.

ISE is home to 320 national companies. Trading hours are 09:30–12:30 for the first session and 14:00–17:30 for the second session, on workdays. All ISE members are incorporated banks and brokerage houses.

ISE price indices are computed and published throughout the trading session while the return indices are calculated and published at the close of the session only. The indices are: ISE National-All Shares Index, ISE National-30, ISE National-50, ISE National-100, Sector and sub-sector indices, ISE Second National Market Index, ISE New Economy Market Index and ISE Investment Trusts Index. The ISE National-100 Index contains both the ISE National-50 and ISE National-30 Index and is used as a main indicator of the national market.

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Early days of the securities market in Turkey 

The origin of an organized securities market in Turkey has its roots in the second half of the 19th century. The first securities market in the Ottoman Empire was established in 1866 under the name of “Dersaadet Securities Exchange” following the Crimean War. Dersaadet Exchange also created a medium for European investors who were seeking higher returns in the vast Ottoman markets. Following the proclamation of the Turkish Republic, a new law was enacted in 1929 to reorganize the fledgling capital markets under the new name of “Istanbul Securities and Foreign Exchange Bourse”.

Soon, the Bourse became very active and contributed substantially to the funding requirements of new enterprises across the country. However, its success was clouded by a string of events, including the Great Depression of 1929 and the impending World War II abroad which had taken their toll in the just developing business world in Turkey. During the industrial drive of the subsequent decades, there was a continuous increase in the number and size of joint stock companies, which began to open up their equity to the public. Those mature shares faced a strong and growing demand from mostly individual investors and some institutional investors.

The early phase of the 1980s saw a marked improvement in the Turkish capital markets, both in regard to the legislative framework and the institutions required to set the stage for sound capital movements. In 1981, the “Capital Market Law” was enacted. The next year, the main regulatory body responsible for the supervision and regulation of the Turkish securities market, the Capital Markets Board based in Ankara, was established. A new decree was issued in October 1983 foreseeing the setting up of securities exchanges in the country. In October 1984, the “Regulations for the Establishment and Functions of Securities Exchanges” was published in the Official Gazette. The regulations concerning operational procedures were approved in the parliament and the Istanbul Stock Exchange was formally inaugurated at the end of 1985.

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World Stock Exchanges – Indonesia JCI:IND

World Stock Exchanges – Indonesia JCI:IND

Indonesia Stock Exchange
Bursa Efek Indonesia
Idx logo.jpg
Type Stock exchange
Founded 1912
Headquarters JakartaIndonesia
Key people Ito Warsito, CEO
Website www.idx.co.id

Indonesia Stock Exchange (IndonesianBursa Efek Indonesia) is a stock exchange based in JakartaIndonesia. It was previously known as Jakarta Stock Exchange (JSX) before its name changed in 2007 after merging with Surabaya Stock Exchange (SSX). As end of 2012, the Indonesia Stock Exchange had 462 listed companies with a combined market capitalization of $426.78 billion.

Currently, the index’s all-time high level is at 4,612.04 points on February 18th, 2013.

History

Originally opened in 1912 under the Dutch colonial government, it was re-opened in 1977 after several closures during World War I and World War II. After being reopened in 1977, the exchange was under the management of the newly created Capital Market Supervisory Agency (Badan Pengawas Pasar Modal, or Bapepam), which answered to the Ministry of Finance. Trading activity and market capitalization grew alongside the development of Indonesia’s financial markets and private sector – highlighted by a major bull run in 1990. On July 13, 1992, the exchange was privatized under the ownership of Jakarta Exchange Inc. As a result, the functions of Bapepam changed to become the Capital Market Supervisory Agency. On March 22, 1995 JSX launched the Jakarta Automated Trading System (JATS). In September 2007, Jakarta Stock Exchange and Surabaya Stock Exchange merged and named Indonesian Stock Exchange by Indonesian Minister of Finance. The current location of the Indonesian Stock Exchange is located in the IDX building in the Sudirman Central Business District, South Jakarta, near the current site of the Pacific Place Jakarta.

Two of the primary stock market indices used to measure and report value changes in representative stock groupings are the Jakarta Composite Index and the Jakarta Islamic Index (JII). The JII was established in 2002 to act as a benchmark in measuring market activities based on Sharia (Islamic law). Currently, there are approximately 30 corporate stocks listed on the JII.[4] The FTSE/ASEAN Indices were launched by the five ASEAN exchanges (Singapore ExchangeBursa Malaysia, TheStock Exchange of Thailand, Jakarta Stock Exchange, and The Philippine Stock Exchange) and global index provider FTSE on September 21, 2005. The indices, covering the five ASEAN markets, are designed using international standards, free float adjusted, and based on the Industry Classification Benchmark (ICB). The indices comprise FTSE/ASEAN Benchmark Index and FTSE/ASEAN 40 tradable index. The FTSE/ASEAN 40 index is calculated on a real-time basis from 9:00 a.m. and the closing index is calculated at 6:00 p.m. (Singapore time). The FTSE/ASEAN benchmark index is calculated on end-of-day basis.

Besides Jakarta Composite Index and JII, IDX also has 4 more types of index, namely Individual Index, Sector Stock Price Index, LQ 45 Index, Main Board and Development Board Indices.[5]

At May 12, 2011 Indonesia Stock Exchnage officially launched a new Indonesia Sharia Stock Index (ISSI), which comprises 214 Indonesian stocks which have been screened by the Majelis Ulama Indonesia (Indonesia Ulema Council).[6] Fatwa Number 80 from Indonesia Ulema Council is expected to make public no longer have any doubt to make sharia investment in the capital market to eventually increase the number of the domestic investors in the Indonesia Stock Exchange.[7]

Merger

Both Jakarta Stock Exchange (JSX) and the Surabaya Stock Exchange (SSX) merged to form a new entity “Indonesia Stock Exchange (Bursa Efek Indonesia). After the merger, the new entity will have seven directors.

Figures

At end of 2010, the capitalization is Rp.3,100 trillion and 26 percent of it are 17 state-owned companies listed among 421 companies listed. The greatest company capitalization is also state-owned company: Telkom (Code: TLKM) with Rp.161.2 billion. 7 of 20 greatest amount of capitalization are also state-owned companies.[8]

In June 3, 2011 there are 344,279 local investors registered at the IDX Custodian (KSEI).[9]

As of the end of 2011, foreigners owned 60 percent of publicy traded stock, but throughout the year domestic traders dominated trading with a share of 64.5 percent.[10]

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5 Year Stock Chart

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World Stock Exchanges – India (NSE)

World Stock Exchanges – India (NSE)

National Stock Exchange
राष्ट्रीय शेयर बाज़ार
NSE Logo
National Stock Exchange of India 2.jpg

Location of National Stock Exchange in India

Location of National Stock Exchange in India
National Stock Exchange
Location of National Stock Exchange in India
Type Stock Exchange
Location Mumbai, Maharashtra, India
Coordinates 19°3′37″N 72°51′35″E
Founded 1992
Owner National Stock Exchange of India Limited
Key people Ravi Narain (MD)
Currency Indian rupee (INR)
No. of listings 1,657 (as of September 2012)
MarketCap US$1.178 trillion (Oct 2012)[1]
Indexes S&P CNX Nifty
CNX Nifty Junior
S&P CNX 500
Website www.nseindia.com

The National Stock Exchange (NSE) (Hindi: राष्ट्रीय शेयर बाज़ार Rashtriya Śhare Bāzaār) is stock exchange located at Mumbai, India. It is in the 11th largest stock exchanges in the world by market capitalization and largest in India by daily turnover and number of trades, for both equities and derivative trading.[2] NSE has a market capitalization of around US$1 trillion and over 1,652 listings as of July 2012.[3] Though a number of other exchanges exist, NSE and the Bombay Stock Exchange are the two most significant stock exchanges in India, and between them are responsible for the vast majority of share transactions. The NSE’s key index is the S&P CNX Nifty, known as the NSE NIFTY (National Stock Exchange Fifty), an index of fifty major stocks weighted by market capitalisation.

NSE is mutually owned by a set of leading financial institutions, banks, insurance companies and other financial intermediaries in India but its ownership and management operate as separate entities.[4] There are at least 2 foreign investors NYSE Euronext and Goldman Sachs who have taken a stake in the NSE.[5] As of 2006, the NSE VSAT terminals, 2799 in total, cover more than 1500 cities across India.[6] In 2011, NSE was the third largest stock exchange in the world in terms of the number of contracts (1221 million) traded in equity derivatives.[7] It is the second fastest growing stock exchange in the world with a recorded growth of 16.6%.[8]

Origins

The National Stock Exchange of India was set up by Government of India on the recommendation of Pherwani Committee in 1991.Promoted by leading Financial institutions essentially led by IDBI at the behest of the Government of India, it was incorporated in November 1992 as a tax-paying company. In April 1993, it was recognized as a stock exchange under the Securities Contracts (Regulation) Act, 1956. NSE commenced operations in the Wholesale Debt Market (WDM) segment in June 1994. The Capital market (Equities) segment of the NSE commenced operations in November 1994, while operations in the Derivatives segment commenced in June 2000.

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