Bermuda Stock Exchange Declared World's Top Performing Market 2000

by Carla Johnson, Investors Offshore.com

02 August 2001

According to the annual report from the International Federation of Stock Exchanges (FIBV), the Bermuda Stock Exchange (BSX) recorded an impressive 52 per cent increase in its share index in 2000 which has placed the BSX as the world's top performing market for that year.

In a report from the Bermuda Sun earlier this week, it was noted that the BSX’s domestic market outperformed major markets worldwide making it number one in terms of local currency and in US dollars for general index performance.

The Irish Stock Exchange was listed fifth on the chart with an increase in its share index of 12.8 per cent and the Toronto Stock Exchange ranked seventh with an increase of 6.2 per cent. The New York Stock Exchange made tenth place in the US dollar category with an increase of just 1 per cent last year.

In terms of percentage change in share trading value for 2000, the BSX came second only to Malta which was up by 257.3 per cent. The BSX clocked-up nearly 200 per cent, and in third place was Istanbul with an increase of around 125 per cent.

BSX president and chief operating officer Greg Wojciechowski told the Bermuda Sun: 'The Bermuda Stock Exchange has worked very hard to achieve significant growth over the past several years and the performance of the local economy, as reflected in the share prices of companies listed on the BSX, was exceptional relative to other exchanges in 2000. Bermuda should be very proud of its economic accomplishments.'

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