Vietnam's VN-Index ranks second, after Dubai's index DFM, in the listof top 20 global equity indexes in the first quarter of 2014.
Thishas been reported by Zero Hedgean economic and finance website. Thewebsite has taken Bloomberg data to make its own charts of best andworst performing indexes.
Accordingly, the VN-Index of Vietnamincreased 17.49 percent, just behind DFM of Dubai, which jumped 33.98percent over the previous quarter. The list of better-performing stockmarkets in Southeast Asia also included Indonesia's Jakarta CompositeIndex or JCI (ranked 14th with an increase of 11.72 percent) and thePhilippines SE Index or PSEi,(ranked 20th with an increase of 10.23percent).
According to the website, Q1 winners are mostly fromthe Middle-Eastern countries, including Dubai, Abu Dhabi, Egypt andQatar. The website classified Japanese real estate stocks as "broadlyspeaking, the worst". It also ranked Russia and China as the other worstperformers.
In December 2013, it put Vietnamese stocks in "thebest longs for 2014", along with gold and gold shares, and forecast thatthe local market would continue to go up. On April 3, the VN-Indexgained 7.77 points, or 1.34 percent, to reach 589.44 in Ho Chi MinhCity.-VNA