BSE stock best performer among global bourses

economictimes.indiatimes.com:

Stock Exchange has catapulted it to becoming the best- performing listed bourse in the world in the past year. Continued surge in trading volumes and signs of its equity derivatives segment picking up have driven shares of Asia's oldest stock exchange by over 400% from the same period a year ago.

BSE shares, which are listed on the National Stock Exchange, closed at ₹2352.45 on Saturday. The stock hit an all-time high of ₹2,598.95 on February 5. BSE shares' 430% gains in the past year far exceeds the 35% upmove in US-based Intercontinental Exchange (ICE), the second-best performer in the pack

London Stock Exchange gained 21%, US-based CME Group rose 19%, Deutsche Boerse advanced 16.7% and Singapore Stock Exchange moved up 8.8% in this period. Shares of Australian Securities Exchange and Hong Kong Exchanges and Clearing declined in the last 12 months.

Analysts said higher cash market volumes have boosted BSE's profitability.

«The cash volumes on the BSE have increased by up to 50% a day in the past one year, which has also led to higher transaction charges,» said Deepak Jasani, head of retail research at HDFC Securities. «The value of the transactions on BSE have also increased as the share prices have gone up.»

BSE's net profit in October-December jumped 123.3% and revenue from operations rose 82.2% from last year.

Jasani said the exchange's revival of its derivatives segment in the last year by launching Sensex Futures and Options has added to its growth.

BSE, under the new management led by CEO Sundararaman