The strong upward momentum in the domestic equity market continued until mid-February 2010, when the All-Share Index reached near-record levels. However, since then, gains in the domestic equity market have been limited, although on a year-to-date basis, the All-Share Index has increased by about 2,4 per cent.
The domestic market continues to be impacted by negative developments in the euro zone and the MENA region, as well as global inflation concerns and monetary policy tightening by some emerging-market economies. In addition, the All-Share Index has been affected by industrial action, volatile exchange rate movements and sharp losses in the platinum index, following the shutdown of auto production in Japan.