South Africa | S&P Global Equity Indices (annual % change)
S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices. Development relevance: Stock market size can be measured in various ways, and each may produce a different ranking of countries. The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information. That lowers transaction costs, which in turn improves resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks. Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations. The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry. The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets. The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40. Limitations and exceptions: The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices. The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets. Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation. Statistical concept and methodology: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.
Publisher
The World Bank
Origin
Republic of South Africa
Records
63
Source
South Africa | S&P Global Equity Indices (annual % change)
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-19.20000076 1996
-13.82479954 1997
-30.34989929 1998
56.09999847 1999
-17.25602531 2000
-22.13494873 2001
44.91999817 2002
37.59999847 2003
50.09999847 2004
24.78637015 2005
17.20471269 2006
15.54289447 2007
-41.7082823 2008
53.73643039 2009
32.08669775 2010
-17.41617912 2011
15.7488702 2012
-7.44683292 2013
3.86444515 2014
-26.6224994 2015
17.61693217 2016
30.62323296 2017
-25.89343148 2018
8.5507722 2019
-7.02234534 2020
5.43978912 2021
-7.1545358 2022
South Africa | S&P Global Equity Indices (annual % change)
S&P Global Equity Indices measure the U.S. dollar price change in the stock markets covered by the S&P/IFCI and S&P/Frontier BMI country indices. Development relevance: Stock market size can be measured in various ways, and each may produce a different ranking of countries. The development of an economy's financial markets is closely related to its overall development. Well-functioning financial systems provide good and easily accessible information. That lowers transaction costs, which in turn improves resource allocation and boosts economic growth. Both banking systems and stock markets enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient relative to domestic banks. Open economies with sound macroeconomic policies, good legal systems, and shareholder protection attract capital and therefore have larger financial markets. Recent research on stock market development shows that modern communications technology and increased financial integration have resulted in more cross-border capital flows, a stronger presence of financial firms around the world, and the migration of stock exchange activities to international exchanges. Many firms in emerging markets now cross-list on international exchanges, which provides them with lower cost capital and more liquidity-traded shares. However, this also means that exchanges in emerging markets may not have enough financial activity to sustain them, putting pressure on them to rethink their operations. The S&P Global Equity Index Series covers approximately 11,000 securities from over 80 countries. It includes the S&P Global Broad Market Index (BMI), S&P Global 1200, S&P/IFCI, and S&P Frontier BMI. All indices are float-adjusted, market capitalization-weighted indices and include security classifications for country, size, style and industry. The S&P Global Broad Market Index (BMI) is a global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This index series employs a transparent and consistent methodology across all countries and includes approximately 10,000 stocks from 26 developed and 20 emerging markets. The S&P Global 1200, a real-time, tradable global equity index covers approximately 70 percent of the world's market capitalization, giving a detail view of the world economy. It is a composite of seven headline regional indices: S&P 500®, S&P Europe 350, S&P TOPIX 150, S&P/TSX 60, S&P/ASX All Australian 50, S&P Asia 50 and S&P Latin America 40. Limitations and exceptions: The percentage change in stock market prices in U.S. dollars for developing economies is from Standard & Poor's Global Equity Indices (S&P IFCI) and Standard & Poor's Frontier Broad Market Index (BMI). The percentage change for France, Germany, Japan, the United Kingdom, and the United States is from local stock market prices. The indicator is an important measure of overall performance. Regulatory and institutional factors that can affect investor confidence, such as entry and exit restrictions, the existence of a securities and exchange commission, and the quality of laws to protect investors, may influence the functioning of stock markets. Because markets included in Standard & Poor's emerging markets category vary widely in level of development, it is best to look at the entire category to identify the most significant market trends. And it is useful to remember that stock market trends may be distorted by currency conversions, especially when a currency has registered a significant devaluation. Statistical concept and methodology: Ratios of end-of-period levels in U.S. dollars over previous end-of-period values in U.S. dollars times 100. These indexes are widely used benchmarks for international portfolio management.
Publisher
The World Bank
Origin
Republic of South Africa
Records
63
Source