Luxembourg Stock Exchange
| Bourse de Luxembourg Bourse vu Lëtzebuerg Börse Luxemburg | |
 | |
| Type | Stock Exchange |
|---|---|
| Location | Luxembourg City, Luxembourg |
| Coordinates | 49°36′46.0″N 06°07′14.5″E / 49.612778°N 6.120694°E |
| Founded | 5 April 1928 |
| Owner | Société de la Bourse de Luxembourg S.A. |
| Key people | Frank Wagener (Chairman) Robert Scharfe (CEO) |
| No. of listings | 40,312 (end 2013)[1] |
| Indices | LuxX Index, Lux General Price, Lux GDRs India, Lux GDRs Taiwan, Lux RI Fund 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 at 35A boulevard Joseph II.[2] The Chairman of the Board is Frank Wagener[3] and the President of the Executive Committee and Chief Executive Officer is Robert Scharfe.
The Exchange has pre-opening sessions from 07:15am to 09:00am and normal trading sessions from 09:00am to 05:35pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[4]
Bonds
It specialises primarily in the listing of international bonds, in which it is ranked first in Europe, with 26,684 debt securities listed on the Exchange as of 2013[update].[1] The Luxembourg Stock Exchange was the first exchange to list a Eurobond, with the issue of Italian Autostrade bonds in 1963,[5] and, to this day, Luxembourg has maintained a dominant position in European bond issues, with approximately 40% of all cross-border securities in Europe being listed in Luxembourg.[5] Seventy 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.[5]
Equities
Luxembourg Stock Exchange's main equity index is called the LuxX Index, which is a weighted index of the nine most valuable listed stocks by free floated market capitalisation.[6] The index was fixed at 1,000 on 4 January 1999: the first day of trading after Luxembourg adopted the euro.[6] The ten companies currently included in the listing are:
| Company | Industry | Country | Weighting |
|---|---|---|---|
| Aperam ne | Metals |  LUX
|
15.82% |
| Arcelor Mittal | Steel | LUX
|
20.04% |
| Brederode | Investment | LUX
|
4.56% |
| Luxempart | Investment | LUX
|
3.69% |
| Reinet Investments | Investment | LUX
|
14.40% |
| RTL Group | Media | LUX
|
20.63% |
| SES | Telecommunications | LUX
|
19.55% |
| Socfinaf | Resource extraction | LUX
|
0.68% |
| Socfinasia | Resource extraction | LUX
|
0.59% |
| Source: Luxembourg Stock Exchange[7] | |||
History
A law establishing a stock exchange in Luxembourg was passed on 30 December 1927.[8] The company was incorporated as the Société Anonyme de la Bourse de Luxembourg on 5 April 1928,[9] with an initial issue of 7,000 shares, each valued at 1000 francs.[10]
In November 2000, it entered into an agreement with Euronext.
Footnotes
- ^ a b "Luxembourg Stock Exchange Statistics". Luxembourg Stock Exchange. Retrieved 2014-10-29. Cite error: The named reference "Luxembourg Stock Exchange Statistics page" was defined multiple times with different content (see the help page).
- ^ "La Bourse de Luxembourg déménage". paperjam.lu. 20 January 2014. Retrieved 2014-01-20.
- ^ "Appointments to the Board of Directors of the Luxembourg Stock Exchange". bourse.lu. 20 April 2011. Retrieved 2011-07-14.
- ^ Market Hours, Luxembourg Stock Exchange via Wikinvest
- ^ a b c "Luxembourg Stock Exchange" (PDF). PricewaterhouseCoopers. Retrieved 2014-10-29.
- ^ a b "Luxembourg LuxX Index". Bloomberg. Retrieved 2007-08-19.
- ^ "LuxX Price Index - Luxembourg Stock Exchange". www.bourse.lu. Retrieved 2018-03-20.
- ^ https://www.bourse.lu/luxembourg-stock-exchange-history
- ^ "History". Luxembourg Stock Exchange. Retrieved 2014-10-29.
- ^ Template:Fr icon/Template:De icon "Mémorial A, 1928, No. 23" (PDF). Service central de législation. Retrieved 2007-08-18.
External links
- Luxembourg Stock Exchange website
- Fundsquare - subsidiary of the Luxembourg Stock Exchange
- e-file.lu - secure transmission platform of the Luxembourg Stock Exchange and Finesti
- Template:Fr icon Coordinated text of statutes of the Luxembourg Stock Exchange