Kazakhstan stock market 2016 best

Kazakhstan or Peru stock markets seem set be the top performing markets in 2016, taking over from Jamaica, the top performer in 2015, according to data compiled from Bloomberg Market.
Data show that the S&P/BVL Peru General Index is up 53.97 percent for 2016 up to Friday but the movement seems to have stalled since October 19 and the Kazakhstan Stock Exchange Index gained 50.51 percent and is currently rising.
The Jamaica Stock Exchange was rated the top performing market in 2015, but data sourced suggests that it will be hard pressed to wear that crown in 2016. For the year to date the JSE market index is up 13 percent, but that pales in comparison to a number of markets that have delivered gains that are much higher. The junior market index with the fast growing companies with 37 percent gain this year, is in at 5th position, Bloomberg did not report data publicly on this index.
The positive for the local market, is that many of the top performing markets seem to be declining while the JSE is on the rise and usually rallies in the latter part of the year. With undervalued Scotia Group and National Commercial Bank could benefit from the release of full year results by early December. If investors react positively to the results they could climb sharply and pull the overall market up, giving it a shot at the top spot. That would require a big 70,000 points gain to possibly hit the top spot.
The other markets that have been doing very well in 2016 to date are, Buenos Aires Stock Exchange Merval Index up 43.51 percent, Ibovespa Brasil Sao Paulo Stock Exchange Index rising 42.10 percent, BCT Corp Costa Rica Stock Market Index is up 33.04 percent, Bermuda Stock Exchange Index rose 25.64 percent, Budapest Stock Exchange Budapest Stock Index climbed 25.49 percent.
Kazakhstan has a population of 17.04 million in 2013 according to the World Bank, the stock market has 116 listing of shares by 98 companies.