Which Is The Oldest Stock Market In Asia? Bombay Stock Exchange (BSE) is an Indian stock exchange located in Dalal Street, Mumbai. Established in 1875, BSE (formerly known as Bombay Stock Exchange Ltd.) is India’s and even Asia’s oldest stock exchange.
What is the Bombay Stock Exchange?
BSE or the Bombay Stock Exchange is the largest stock exchange in India in terms of market capitalization and the number of listed entities as well. It has been established in 1875 following a government order to create a public stock exchange in the country. Before the establishment of BSE, there was a Calcutta Stock Exchange and an India Index Association that shared the same venue where the BSE is now established. BSE and NSE are the two major stock exchanges in India with a combined market capitalization of over $1.70 trillion as of January 23, 2015. The SENSEX 30 is the index monitoring the top 30 stocks on the BSE based on various factors such as liquidity, market capitalization, among others. The SENSEX 30 has a base value of 1,000 and its base date is 1978 to 1979.
What does the BSE offer?
For start-ups, it is the best place to raise capital because here the stock market comes first, last and always. However, bigger companies can also choose this as one of the offices to show their institutional strength. The BSE has a market valuation of $1.70 trillion as of January 23, 2015. Moreover, it is also the second-largest stock exchange in Asia next to the Tokyo Stock Exchange. The BSE first took shape in 1875, bringing Asia its first stock exchange. It has a sheer value of $1.70 trillion as of January 23, 2015. More than a hundred and twenty different stocks are listed on the BSE as of January 23, 2015. The SENSEX 30 is the index monitoring the top 30 stocks on the BSE based on various factors such as liquidity and market capitalization.
How does it work?
BSE flaunts a typical “American” configuration with a straight session structure that heralds the beginning and the end of trading sessions. The pre-market and the post-market sessions are two other featured sessions that conduct trade in a more rapid manner. The exchange operates on a total volume of $28.68 billion as of January 2017. With a total market capitalization of more than $1.70 trillion as of February 2015, BSE is also one of the biggest stock exchanges in Asia. The SENSEX 30 is the index monitoring the top 30 stocks on the BSE based on various factors such as liquidity, market capitalization, among others. The BSE first attained a four-digit figure in July 1990. When the Bhartiya Janta Party won the General Elections in October 1999, it first attained 5,000 marks.
Is the BSE the oldest stock market in Asia?
Yes, it is. But the BSE is not the oldest in Asia. That honor goes to Bangkok Stock Exchange (BTS) which was established in 1875. However, the BTS had to close down in 1932 after being improperly operated for several years. After the recovery of stocks in Thailand, the BTS was reopened in 1934. It continued to be operated until it was closed down again in 1945. However, the SENSEX 30 is the oldest index of the BSE. It has a base value of 100 points— the base date being January 4, 1968. The SENSEX 30 weighs 30 most active stocks on the BSE with a base value of 1,000. Such is the reason—the foundation of the SENSEX 30 is based on strong resources. The BSE first attained a four-digit figure in July 1990.
The Asian region is home to a number of booming stock exchanges that serve it with skilled trading ideas. Among these is the Bombay Stock Exchange. Several other Asian stock exchanges are noticeably missing from this list. One of them is Seoul Stock Exchange. This may not be surprising considering Seoul Stock Exchange is one of the fastest-growing stock exchanges in Asia. More notable recent Bombay Stock Exchange (BSE) news was published by: Globaltexpress.com which released: “The Baltic Exchange Flagship Metals Index has reached All-time Lows – GlobeNewswire” on December 20, 2018, also Businesswire.com with their article: “Bombay Stock Exchange (BSE) Moves Forward with Strategy of Becoming A Compliance Hub – Business Wire” published on December 18, 2018, Businesswire.