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Luxembourg Stock Exchange
Bourse de Luxembourg
Type Stock Exchange
Location Luxembourg City, Luxembourg
Coordinates 49°36′46.0″N 06°07′40.5″E / 49.61278°N 6.127917°E / 49.61278; 6.127917
Owner Bourse de Luxembourg S.A.
Key people Raymond Kirsch (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 Raymond Kirsch 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.[2]

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.[1] The Luxembourg Stock Exchange was the first exchange to list a Eurobond, with the issue of Italian Autostrade bonds in 1963,[3] 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.[3] 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.[3]

[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.[4] The index was fixed at 1,000 on 4 January 1999: the first day of trading after Luxembourg adopted the euro.[4] The ten companies currently included in the listing are:

Company Industry Country Weighting[5]
Arcelor Mittal Steel  LUX 20.00%
BIP Investment Partners Investment  LUX 3.47%
Dexia Banking  BEL 10.28%
Foyer Insurance  LUX 1.35%
KBC Group Banking  BEL 5.88%
Intercultures Resource extraction  LUX 1.97%
Luxempart Investment  LUX 5.82%
Reinet Investments Investment  LUX 20.00%
RTL Group Media  LUX 11.24%
SES Telecommunications  LUX 20.00%
Source: Luxembourg Stock Exchange, as of 1 July 2009

[edit] History

A law establishing a stock exchange in Luxembourg was passed on 30 January 1927.[6] The company was incorporated as the Société Anonyme de la Bourse de Luxembourg on 5 April 1928,[7] with an initial issue of 7,000 shares, each valued at 1000 francs.[8]

In November 2000, it entered into an agreement with Euronext.

[edit] Footnotes

[edit] External links




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