The OMX Iceland 15 (formerly the ICEX15) is a defunct stock market index which consisted of a maximum of 15 companies listed on the OMXIceland Stock Exchange with the highest market capitalization. At the final official review of the index effective in January 2009, 12 companies made up the index, four of which were Faroese. Calculated daily since 1998 and starting at 1,000 points, it was a market value-weighted index and the constituent companies were reviewed twice a year.[1]
Index performance from 15 January 1998 – 6 May 2009
Over the year 2008 and over the entire decade 1998–2008 the OMX Iceland 15 was the worst performing stock index in the world,[2] being heavily affected by the 2008 Icelandic financial crisis which saw a number of index constituents become insolvent, be nationalised or opt to delist from the exchange. The index was discontinued in July 2009 and replaced by the OMX Iceland 6 as the exchange's benchmark stock index, which had run concurrently for the previous six months.[3]
2008 declineedit
OMX Iceland 15 closing prices during the five trading weeks from September 29, 2008 to October 31, 2008.
OMX Iceland 15 suffered a great loss during the financial crisis in 2008. Trading in the stock market was suspended for three successive trading days, October 9, October 10, and October 13. Trading was resumed on October 14, 2008, and OMX Iceland 15 closed at 678.4, which corresponds to a fall of about 77% compared with its close at 3,004.6 on October 8, 2008. This reflected the fact that the value of the three big banks (Glitnir, Kaupthing Bank and Landsbanki Íslands) which formed 73.2 percent of the value of the OMX Iceland 15,[4] had been set to zero.
Final compositionedit
The index consisted of the following companies at the final index reshuffle effective on 2 January 2009.[5] Both Straumur and SPRON were delisted from the exchange before the index's retirement six months later.
^"OMX Iceland local indexes". OMX. Retrieved 2008-12-14.
^A closer look at a decade performance, AmsterdamTrader.com, January 9, 2009
^"Samsetning nýju úrvalsvísitölunnar óbreytt". Fréttablaðið (in Icelandic). 11 June 2009. Retrieved 2 November 2010.
^OMX Nordic Exchange (30 June 2008). "Definitive list of constituents in OMXI15 index".
^"OMXI15 Index Information: Definitive list of constituents in OMXI15 index" (Press release). NASDAQ OMX Nordic. 30 December 2008. Retrieved 2 November 2010.
January 01, 1970
iceland, formerly, icex15, defunct, stock, market, index, which, consisted, maximum, companies, listed, iceland, stock, exchange, with, highest, market, capitalization, final, official, review, index, effective, january, 2009, companies, made, index, four, whi. The OMX Iceland 15 formerly the ICEX15 is a defunct stock market index which consisted of a maximum of 15 companies listed on the OMX Iceland Stock Exchange with the highest market capitalization At the final official review of the index effective in January 2009 12 companies made up the index four of which were Faroese Calculated daily since 1998 and starting at 1 000 points it was a market value weighted index and the constituent companies were reviewed twice a year 1 Index performance from 15 January 1998 6 May 2009 Over the year 2008 and over the entire decade 1998 2008 the OMX Iceland 15 was the worst performing stock index in the world 2 being heavily affected by the 2008 Icelandic financial crisis which saw a number of index constituents become insolvent be nationalised or opt to delist from the exchange The index was discontinued in July 2009 and replaced by the OMX Iceland 6 as the exchange s benchmark stock index which had run concurrently for the previous six months 3 2008 decline edit nbsp OMX Iceland 15 closing prices during the five trading weeks from September 29 2008 to October 31 2008 OMX Iceland 15 suffered a great loss during the financial crisis in 2008 Trading in the stock market was suspended for three successive trading days October 9 October 10 and October 13 Trading was resumed on October 14 2008 and OMX Iceland 15 closed at 678 4 which corresponds to a fall of about 77 compared with its close at 3 004 6 on October 8 2008 This reflected the fact that the value of the three big banks Glitnir Kaupthing Bank and Landsbanki Islands which formed 73 2 percent of the value of the OMX Iceland 15 4 had been set to zero Final composition editThe index consisted of the following companies at the final index reshuffle effective on 2 January 2009 5 Both Straumur and SPRON were delisted from the exchange before the index s retirement six months later Company GICS Sector Ticker symbol Alfesca packaged foods and meats A Atlantic Airways airlines FO AIR Atlantic Petroleum oil and gas exploration and production FO ATLA Bakkavor packaged foods and meats BAKK Eik Banki regional banks FO EIK Eimskipafelag Islands marine HFEIM Foroya Banki regional banks FO BANK Icelandair Group airlines ICEAIR Marel Food Systems industrial machinery MARL SPRON regional banks SPRON Straumur Burdaras investment banking and brokerage STRB Ossur health care equipment OSSRReferences edit OMX Iceland local indexes OMX Retrieved 2008 12 14 A closer look at a decade performance AmsterdamTrader com January 9 2009 Samsetning nyju urvalsvisitolunnar obreytt Frettabladid in Icelandic 11 June 2009 Retrieved 2 November 2010 OMX Nordic Exchange 30 June 2008 Definitive list of constituents in OMXI15 index OMXI15 Index Information Definitive list of constituents in OMXI15 index Press release NASDAQ OMX Nordic 30 December 2008 Retrieved 2 November 2010 Retrieved from https en wikipedia org w index php title OMX Iceland 15 amp oldid 1005907694, wikipedia, wiki, book, books, library,
