January 2025 saw a strong start to the year for global markets, highlighted by robust equity gains, fluctuating currencies, and mixed commodity trends. Despite ongoing challenges such as inflation and geopolitical uncertainties, markets maintained cautious optimism, driving positive momentum.
The FTSE Mondo Visione Index capped off the month with a notable performance, achieving a record closing high of 85,759.06 points on January 30. By month-end, the Index closed at 85,623.44 points, up 4.3% from December’s close of 82,067.67 points.
Top Performing Exchanges by Market Capitalisation
The top five exchanges by market capitalisation at the end of January were as follows:
Exchange
Market Cap (USD bn)
Intercontinental Exchange
91.65
CME Group
85.15
London Stock Exchange Group
80.09
Hong Kong Exchanges & Clearing
49.14
Nasdaq
47.37
Herbie Skeete, Managing Director of Mondo Visione and Co-founder of the Index, noted, “January proved to be an impressive month for the Index’s top exchanges. ICE and CME Group saw significant growth, fueled by higher demand for energy and financial products. LSEG also demonstrated its resilience, leveraging its diverse portfolio to deliver consistent value in a challenging environment.”
Global Standouts in January 2025
Croatia’s Zagrebacka Burza emerged as the top performer in capital returns, with a 16.5% increase in share price. Brazil’s B3 followed closely with a 14.7% rise, while the Philippine Stock Exchange posted a solid 10.8% gain.
On the other hand, the Multi Commodity Exchange of India faced the steepest decline, with a 9.1% drop in share price. Bursa Malaysia and the Bulgarian Stock Exchange recorded decreases of 6.5% and 5.6%, respectively.
Looking Ahead
January’s positive performance across key exchanges highlights a promising start to the year, with many markets demonstrating resilience despite persistent global challenges.
For a detailed breakdown of January’s market performance, click here to download the full report.
Performance Chart Of The FTSE Mondo Visione Exchanges Index (USD Capital Return)
Source: FTSE Group, data as at 31 January 2025
Monthly FTSE Mondo Visione Exchanges Index Performance (Capital Return, USD)
July 2014
3.1%
August 2014
2.3%
September 2014
-3.6%
October 2014
2.8%
November 2014
2.5%
December 2014
-0.5%
January 2015
-1.0%
February 2015
8.5%
March 2015
0.0%
April 2015
10.7%
May 2015
0.1%
June 2015
-3.2%
July 2015
-2.7%
August 2015
-5.3%
September 2015
-2.1%
October 2015
7.6%
November 2015
0.4%
December 2015
-2.2%
January 2016
-4,7%
February 2016
-0.7%
March 2016
6.7%
April 2016
0.4%
May 2016
1.8%
June 2016
-2.2%
July 2016
5.3%
August 2016
2.3%
September 2016
-1.6%
October 2016
-1.6%
November 2016
2.1%
December 2016
0.1%
January 2017
6.0%
February 2017
-0.8%
March 2017
1.4%
April 2017
0.8%
May 2017
1.6%
June 2017
5.6%
July 2017
2.7%
August 2017
0.3%
September 2017
3.6%
October 2017
-0.7%
November 2017
6.4%
December 2017
-0.7%
January 2018
10%
February 2018
-0.5%
March 2018
-1.6%
April 2018
-1.0%
May 2018
-1.5%
June 2018
-0.8%
July 2018
-0.7%
August 2018
2.4%
September 2018
-1.7%
October 2018
1.0%
November 2018
3.1%
December 2018
-4.2%
January 2019
5.4%
February 2019
1.7%
March 2019
-2.6%
April 2019
4.6%
May 2019
1.5%
June 2019
4.3%
July 2019
2.2%
August 2019
3.7%
September 2019
-0.8%
October 2019
2.0%
November 2019
-0.5%
December 2019
1.6%
January 2020
5.0%
February 2020
-7.4%
March 2020
-11.5%
April 2020
8.0%
May 2020
6.7%
June 2020
2.3%
July 2020
6.6%
August 2020
4.9%
September 2020
-5.2%
October 2020
-6.7%
November 2020
8.9%
December 2020
7.2%
January 2021
0.8%
February 2021
1.4%
March 2021
-2.7%
April 2021
3.3%
May 2021
2.5%
June 2021
0.4%
July 2021
0.4%
August 2021
0.1%
September 2021
-4.2%
October 2021
5.9%
November 2021
-5.6%
December 2021
4.9%
January 2022
-2.2%
February 2022
-3.5%
March 2022
3.5%
April 2022
-8.6%
May 2022
-5.1%
June 2022
-0.7%
July 2022
2.4%
August 2022
-3.9%
September 2022
-8.8%
October 2022
-1.1%
November 2022
11.5%
December 2022
-2.9%
January 2023
3.8%
February 2023
-4.1%
March 2023
5.0%
April 2023
0.9%
May 2023
-3.9%
June 2023
3.8%
July 2023
4.6%
August 2023
-2.3%
September 2023
-3.0%
October 2023
-0.6%
November 2023
7.7%
December 2023
3.8%
January 2024
-2.7%
February 2024
4.3%
March 2024
-0.1%
April 2024
-3.8%
May 2024
1.3%
June 2024
-0.4%
July 2024
3.2%
August 2024
8.2%
September 2024
4.7%
October 2024
-1.2%
November 2024
2.6%
December 2024
-3.1%
January 2025
4.3%
About FTSE Mondo Visione Exchanges Index
The FTSE Mondo Visione Exchanges Index, a joint venture between FTSE Group and Mondo Visione, was established in 2000.
It is the first Index in the world to focus on listed exchanges and other trading venues. The FTSE Mondo Visione Exchanges Index compares performance of individual exchanges and trading platforms and provides a reliable barometer of the health and performance of the exchange sector.
It enables investors to track 33 publicly listed exchanges and trading floors and focuses attention of the market on this important sector.
The FTSE Mondo Visione Exchanges Index includes all publicly traded stock exchanges and trading floors:
Aquis Exchange
Australian Securities Exchange Ltd
B3 SA
Bolsa de Comercio Santiago
Bolsa Mexicana de Valores SA
Boursa Kuwait Securities
BSE
Bulgarian Stock Exchange
Bursa de Valori Bucuresti SA
Bursa Malaysia
Cboe Global Markets
CME Group
Dar es Salaam Stock Exchange PLC
Deutsche Bourse
Dubai Financial Market
Euronext
Hellenic Exchanges SA
Hong Kong Exchanges and Clearing Ltd
Intercontinental Exchange Inc
Japan Exchange Group, Inc
Johannesburg Stock Exchange Ltd
London Stock Exchange Group
Multi Commodity Exchange of India
Nairobi Securities Exchange
Nasdaq
New Zealand Exchange Ltd
Philippine Stock Exchange
Saudi Tadawul Group
Singapore Exchange Ltd
Tel Aviv Stock Exchange
TMX Group
Warsaw Stock Exchange
Zagreb Stock Exchange
The FTSE Mondo Visione Exchanges Index is compiled by FTSE Group from data based on the share price performance of listed exchanges and trading platforms.
