Icelandic stock market up 12% in 2006 Skip to content

Icelandic stock market up 12% in 2006

Icelandic companies keep increasing in value, since January 1, 2006 the market value of the 15 companies on the index of the Icelandic Stock Exchange has increased by ISK 220 billion or 11.7% billion reports Fréttabladid.

Fréttabladid points out that this increase is greater than the market value of Íslandsbanki, and one could say that the value of an entire bank had been added to the Icelandic Stock Exchange.

The index of the Icelandic Stock Exchange measured in at 6,177 points at close of trading on Monday.

In the last two weeks, the value of six Icelandic companies has increased over ISK 20 billion. Íslandsbanki has increased by ISK 64 billion; KB Bank by ISK 50 billion; Landsbanki by ISK 9 billion.

The price of Íslandsbanki has increased the most or 19% followed by FL Group, 18%. Straumur, Actavis, Landsbankinn, KB Bank and Marel have all appreciated. Only two companies, Dagsbrún and Flaga Group, have decreased in value since January 1. Baugur-owned Mosaic Fashions and prosthetics company Össur are unchanged.

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