Stocks in Iceland Continue to Plummet Skip to content

Stocks in Iceland Continue to Plummet

The value of stocks on the OMX Nordic Stock Exchange in Iceland continues to plummet; on Monday the selected share index dropped to 6,316 points and has not been lower since December 5, 2006.

This means that the value of the selected share index has decreased by 1.5 percent since January 1, 2007, and by 30 percent since it peaked in July 2007, Morgunbladid reports.

The crisis in international stock markets has been especially severe in Iceland because the selected share index primarily consists of financial companies which have suffered the most losses in international stock markets.

All main indexes in stock markets in Europe and the US dropped this week.

Click here to read more about the situation on the Icelandic stock market.

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