And The 5 Worst Performing Stock Markets In The World Are…

A short list of the world’s top 5 worst performing markets by end of September 2011.

1 CYPRUS STOCK EXCHANGE INDEX
DOWN 58.13% Year-To-Date

Ouch! Cyprus Stock Exchange has fallen off the proverbial cliff and has yet to hit rock bottom.
The IMF cut its growth forecast for the economy to zero in 2011 and to 1 per cent in 2012, from an April forecast of 1.7 per cent and 2.2 per cent respectively.

2 ATHENS STOCK EXCHANGE
DOWN 45.33% Year-To-Date

With pretty much all the world’s troubles being blamed on the Greek economy, it is no surprise to see investors have fled the market this year - the only surprise is that Athens was not the worst performing market. Still it is an 18-year low.

3 EGYPTIAN STOCK EXCHANGE- EGX 30
DOWN 44.43% Year-To-Date

The Arab Spring has taken its toll on the Egyptian stock market, as investors ran for cover amid political uncertainity, not helped by a deteriorating global economic environment. Real estate stocks, especially, have taken a major hit.

4 UKRAINE STOCK MARKET
DOWN 42.82% Year-To-Date
Deteriorating political conditions and faltering commodity prices has led Ukraine stock market to decline by as much a 42.82%. Problems in the eurozone does not offer any comfort to investors looking to pick up Ukrainian stocks.

5 KENYA’s NAIROBI STOCK EXCHANGE
DOWN 42.11% Year-To-Date
The shilling has lost 20% of its value against major currencies, leading to a flight of capital. Foreign investment is down and inflation is at nearly 18%. The economy contracted 4.6% in the second quarter .