Best Performing Stock Markets in 2009

Courtesy of Bespoke Blog, we have the latest update of best-performing stock markets by country (in local currency). Keep in mind the past few days have seen the best performance for emerging markets since July. When last we looked, Peru was in the lead.[May 20, 2009: Year to Date Returns by Country - Go Peru!] since then, Russia has taken the crown.

But all the B(razil)R(ussia)I(ndia)C(hina)'s are doing well - gains of 70-126%. G7 countries obviously lagging. Average among all 82 indexes is 33.3%. Still love my Indonesia, although I've been chasing it all year... another missed opportunity. [May 22, 2009: Indonesia: A Must Own Emerging Market]

What would have been excellent is a 3rd column showing 2008 performance because in general the harder you fall, the easier it is to create large percentage gains in the following rally. Wish I had access to the source data.

[click to enlarge]

Comments

[Alan Young:]

Better emphasize *in local currency.* Argentina's currency is in the tank; that's the only reason its stock is up. Conversely, South Africa and Brazil (among others) are doing better in $USD than appears from these rankings.

Nov 12 09:31 AM