NASDAQ OMX Baltic Demonstrates Strong Developments
OREANDA-NEWS. January 04, 2011. NASDAQ OMX Baltic today announced that during 2010, Baltic general indices have performed outstandingly compared to other European and even global average increases. The trading activity has increased at the markets operated by NASDAQ OMX Baltic exchanges compared to the year before counted by daily number of trades and the traded total value reached almost 2009 level.
The NASDAQ OMX Baltic Benchmark index increased to 534 points in the fourth quarter, rising 70% compared to the beginning of the year. In 2010, the number of share trades per day amounted to 1 352 trades. The yearly share trading amounted to EUR 488 million.
Henrik Elfving, Vice President of NASDAQ OMX commented, "2010 has been a very strong year for the Baltic markets. Increase of Baltic Benchmark index by 70% shows that all three Baltic economies have returned to growth after the recession. Moving over to euro in Estonia and Lithuania as the trading and clearing currency paves the way for greater investment flows into the market, boosting its liquidity and depth, which will benefit all current and potential investors in 2011."
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