Hot Slovenia beats China as world's top market

SLOVENIA'S share rally has made its equity market more expensive than China's. Now investors say it is time to sell.

"We are gradually reducing Slovenian shares because the market feels hot," said Jernej Kozlevcar, who manages about $US742 million ($A866 million) at Triglav Asset Management in Ljubljana. "Recent growth of the market is mainly based on speculation about consolidation and less on business results."

The Slovene Stock Exchange Index (SBI20) was the best-performing equity benchmark in the world last quarter, jumping 39 per cent in dollar terms, according to Bloomberg data.