Last update: 21.07.2024 09:12 (GMT+3)

Lithuania to be invited to the Baltic index

21.05.2004, , RIG

Tallinn and Riga Stock Exchanges invited Lithuania to be part of the
Baltic index, which will be launched towards the end of September.
The index will be launched along with a new trading platform in Estonia
and Latvia. It will be the first step in creating an integrated Nordic
and Baltic marketplace, encompassing seven exchanges - Sweden, Denmark,
Iceland, Norway, Finland, Estonia and Latvia - trading on the same
platform.
OMHEX today signed privatisation agreement for 44.3 percent of the
shares of the National Stock Exchange of Lithuania (NSEL) and 32
percent of the shares of the Central Securities Depository of Lithuania
(CSDL). Together with the shares of NSEL that OMHEX has acquired
earlier and another 10 percent it is to acquire, OMHEX ownership in
NSEL will exceed 80 percent.
The Baltic index would consist of shares listed on the current main or
official lists of Estonian, Latvian and Lithuanian bourses. The
introduced index will be a capitalisation-weighted total-return index
whereby the companies will have weight limits of 10%. The history of
the index will be calculated back to January 1, 2000. The index base
value is 100, i.e. its value on January 1, 2000.
The calculation of Estonian TALSE index will continue, in Latvia the
current indices will be terminated and replaced with a new
capitalisation-based total-return index.


Additional information:
Krista Grīntāle
Director of Coroprate Communications
Rigas Stock Exchange
Phone: 371 7212431

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