Luxembourg Stock Exchange
| Luxembourg Stock Exchange | |
|---|---|
|
Bourse de Luxembourg
|
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| Type | Stock Exchange |
| Location | Luxembourg City, Luxembourg |
| Coordinates | 49°36′46.0″N 06°07′40.5″E / 49.61278°N 6.127917°E |
| Founded | 5 April 1928 |
| Owner | Bourse de Luxembourg S.A. |
| Key people | Frank Wagener (Chairman) Michel Maquil (President and CEO) |
| Currency | Euro |
| No. of listings | 49,097 (end 2008)[1] |
| MarketCap | €357.3bn (end 2006)[1] |
| Indexes | LuxX Index |
| Website | bourse.lu |
The Luxembourg Stock Exchange (French: Bourse de Luxembourg) is a stock exchange based in Luxembourg City, in southern Luxembourg.
The Exchange is located on avenue de la Porte-Neuve, . The Chairman of the Board is Frank Wagener[2] and the President of the Executive Committee and Chief Executive Officer is Michel Maquil.
The exchange has pre-opening sessions from 07:15am to 09:00am and normal trading sessions from 09:00am to 05:40pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[3]
Contents |
[edit] Bonds
It specialises primarily in the issue of international bonds, in which it is ranked first in Europe, with 32,933 debt securities listed on the Exchange as of 2008[update].[1] The Luxembourg Stock Exchange was the first exchange to list a Eurobond, with the issue of Italian Autostrade bonds in 1963,[4] and, to this day, Luxembourg has maintained a dominant position in European bond issues, with approximately 60% of all cross-border securities in Europe being listed in Luxembourg.[4] Fifty countries list at least some of their sovereign debt in Luxembourg, whilst Luxembourg is also a market for debt from the EBRD, European Commission, European Investment Bank, and World Bank.[4]
[edit] Equities
Luxembourg Stock Exchange's main equity index is called the LuxX Index, which is a weighted index of the ten most valuable listed stocks by free floated market capitalisation.[5] The index was fixed at 1,000 on 4 January 1999: the first day of trading after Luxembourg adopted the euro.[5] The ten companies currently included in the listing are:
| Company | Industry | Country | Weighting[6] |
|---|---|---|---|
| Arcelor Mittal | Steel |  LUX |
19.66% |
| BIP Investment Partners | Investment | LUX |
2.75% |
| Dexia | Banking |  BEL |
3.52% |
| Foyer | Insurance | LUX |
0.95% |
| KBC Group | Banking | BEL |
10.19% |
| Luxempart | Investment | LUX |
4.07% |
| Reinet Investments | Investment | LUX |
17.78% |
| RTL Group | Media | LUX |
15.55% |
| SES | Telecommunications | LUX |
20.54% |
| Socfinasia | Resource extraction | LUX |
5.00% |
| Source: Luxembourg Stock Exchange, as of 13 February 2011 |
[edit] History
A law establishing a stock exchange in Luxembourg was passed on 30 January 1927.[7] The company was incorporated as the Société Anonyme de la Bourse de Luxembourg on 5 April 1928,[8] with an initial issue of 7,000 shares, each valued at 1000 francs.[9]
In November 2000, it entered into an agreement with Euronext.
[edit] Footnotes
- ^ a b c "The Luxembourg Stock Exchange: its listing activities" (PDF). Luxembourg Stock Exchange. 26 April 2007. http://www.cc.lu/docdownload.php?id=1253. Retrieved 2008-02-14.
- ^ "Appointments to the Board of Directors of the Luxembourg Stock Exchange". bourse.lu. 20 April 2011. http://www.bourse.lu/application?_flowId=PageStatiqueFlow&content=societe/Actualites/2011/Communique_042011_2.jsp&lang=EN. Retrieved 2011-07-14.
- ^ Market Hours, Luxembourg Stock Exchange via Wikinvest
- ^ a b c "Luxembourg Stock Exchange" (PDF). PricewaterhouseCoopers. http://www.pwc.com/lu/eng/ins-sol/publ/pwc_bourse_lux.pdf. Retrieved 2007-08-18.
- ^ a b "Luxembourg LuxX Index". Bloomberg. http://www.bloomberg.com/apps/quote?ticker=LUXXX:IND. Retrieved 2007-08-19.
- ^ Half-yearly revision of LuxX index, as from 1 July 2009
- ^ (French)/(German) "Mémorial A, 1928, No. 1" (PDF). Service central de législation. http://www.legilux.public.lu/leg/a/archives/1928/0010701/0010701.pdf#page=5. Retrieved 2007-08-18.
- ^ "History". Luxembourg Stock Exchange. http://www.bourse.lu/application;JSESSIONID_BDL=GHPpBqv2phCZhKLx0174GNcgvkdBjThMQT0zhhQP8hQJ41GL0sSK!-1310699570!1983688072?_flowId=PageStatiqueFlow&content=societe/BourseDeLuxembourg/Historique.jsp. Retrieved 2007-08-18.
- ^ (French)/(German) "Mémorial A, 1928, No. 23" (PDF). Service central de législation. http://www.legilux.public.lu/leg/a/archives/1928/0230505/0230505.pdf#page=1. Retrieved 2007-08-18.
[edit] External links
- Luxembourg Stock Exchange website
- Finesti - subsidiary of the Luxembourg Stock Exchange
- e-file.lu - secure transmission platform of the Luxembourg Stock Exchange and Finesti
- (French) Coordinated text of statutes of the Luxembourg Stock Exchange
