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Monday 26.08.2019 | Name days: Tālija, Natālija, Broņislava, Broņislavs
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Latvia’s stock exchange index – the fourth fastest growing in EU and tenth in the world

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

Last year, NASDAQ OMX Baltics stock market index was one of the fastest rising indexes in the world, compared to the leading European and global stock market characterizing indices.

In 2010, the value of the Baltic stock exchange index Baltic Benchmark grew by 69.83%, while Latvia’s stock exchange NASDAQ OMX Riga stock index was the fourth best in Europe. Its value spiked by 41.08%, informs NASDAQ OMX Riga Communications Department Director Āris Dreimanis.

The Latvian stock index OMX Riga reported a good performance on a global level – it was the tenth fastest-growing state index in the world.

In 2010, Estonia’s stock index OMX Tallinn value climbed by 72.62%, but Lithuania’s stock index OMX Vilnius value increased by 56.49%.

The volume of concluded deals at the Baltics’ stock exchanges exceeded the results of 2009, while the turnover in shares almost reached the level of 2009, forming 488 million euro (LVL 342.97 mln).

In 2010, the average daily amount of concluded deals in the stock exchange constituted 1352 transactions per day.

While at the stock exchange NASDAQ OMX Riga debt securities auctions, securities were sold at the extent of 579 332 million lats. Overall, last year, the stock market organised 119 auctions, while the Latvian Central Depositary secured accounts for the entire volume of auctioned securities.

The Head of NASDAQ OMX Baltic market Henrik Elfving indicates that the year 2010 was a year of strong growth for the Baltic stock markets. Its overall index increase comprised 70%, which shows that all three Baltic States’ economies have overcome the recession.

Also the transfer from trade to accounts in euro currency at stock exchanges in Lithuania and Estonia paved a way for new and large investment inflow in these countries that will raise the trading activity and market atractivity for investors in 2011, says Elfving.

2010 was a successful year also for NASDAQ OMX Nordic securities market, as the stock turnover went up 2.5 billion euro (LVL 1.76 bln) per day. In 2009, the daily trade volume was 2.2 billion euro (LVL 1.55 bln).

Moreover, the average number of concluded transactions at NASDAQ OMX Nordic bourses surged by 33% to 285 000 transactions a day, but in 2009 the number accounted for 214 000 transactions per day. The volume of derivative security transactions rose 37%, reaching 546 000 contracts on an average a day, compared to 400 000 agreements in 2009.

The Nordic countries’ stock indexes increased in Stockholm by 26%, in Copenhagen – by 33%, in Helsinki – by 23%, but in Iceland – by 14.6%.

By contrast, the average index growth in Europe was 4%, but throughout the world – 12%


Leave a reply

  1. T_d says:

    That’s a good achievement.

  2. Justin says:

    Great! I am happy for Latvia :)

  3. Native Latvian says:

    that’s a lie

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