Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-South Africa’s Johannesburg Stock Exchange (JSE) has ranked first among 144 nations as the most effective  regulated and supervised equities and bonds market; beating the Nigerian Stock Exchange (NSE) to the 65^th position, the World Economic Forum (WEF) said in its Global Competitiveness Report 2014-2015.

The JSE beat the stock exchanges of world economies such as those in Canada 10^th position (NASDAQ Canada, Montreal Exchange, Toronto Stock Exchange),Japan 15^th position (Japan Exchange Group ‘’JASDAQ’’), the United Kingdom 22^nd position (London Stock Exchange Group),  United States 30^th  position (New York Stock Exchange, NASDAQ).

 Other are France 32^nd position (Euronext Paris), Germany 38^th position (Deutsche Börse AG), Italy 84^{th (}Borsa Italiana S.p.A) and Russia emerging 91th (Moscow Exchange) among 144 nations on the WEF list.

However, the Nigeria’s Exchange beat those of Italy and Russia ranking 65 in position out of 144 nations. Exchanges.

Reports affirmed that it’s the fifth consecutive year the JSE was listed first in the Global Competitiveness Report and South Africa ranked third in the ability to raise finance through the local equity market while Nigeria ranked 46.

On the effectiveness of corporate boards, South Africa ranked third while Nigeria was number 80.

Also, the country ranked second in protecting the rights of minority shareholders Nigeria 90, while on investors’ protection, South Africa ranked 10^th and Nigeria 57^th according to WEF report.

The report affirmed that the FTSE/JSE Africa All Share Index gained 12 percent this year to beat a 10 percent advance in the MSCI emerging markets gauge.

The WEF, which hold an annual meeting in Davos, Switzerland, uses criteria including quality of infrastructure and institutions, efficiency and market sophistication for its judgments.