Luxembourg Stock Exchange

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 / 49.612778; 6.120694
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.[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 10.95%
Arcelor Mittal Steel  LUX 20.00%
Brederode Investment  LUX 4.04%
Luxempart Investment  LUX 2.85%
Reinet Investments Investment  LUX 20.00%
RTL Group Media  LUX 20.00%
SES Telecommunications  LUX 20.00%
Socfinaf Resource extraction  LUX 0.94%
Socfinasia Resource extraction  LUX 1.23%
Source: Luxembourg Stock Exchange, as of October 29, 2014

History

A law establishing a stock exchange in Luxembourg was passed on 30 December 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.

Footnotes

  1. 1 2 "Luxembourg Stock Exchange Statistics". Luxembourg Stock Exchange. Retrieved 2014-10-29.
  2. ↑ "La Bourse de Luxembourg déménage". paperjam.lu. 20 January 2014. Retrieved 2014-01-20.
  3. ↑ "Appointments to the Board of Directors of the Luxembourg Stock Exchange". bourse.lu. 20 April 2011. Retrieved 2011-07-14.
  4. ↑ Market Hours, Luxembourg Stock Exchange via Wikinvest
  5. 1 2 3 "Luxembourg Stock Exchange" (PDF). PricewaterhouseCoopers. Retrieved 2014-10-29.
  6. 1 2 "Luxembourg LuxX Index". Bloomberg. Retrieved 2007-08-19.
  7. ↑ https://www.bourse.lu/luxembourg-stock-exchange-history
  8. ↑ "History". Luxembourg Stock Exchange. Retrieved 2014-10-29.
  9. ↑ (French)/(German) "Mémorial A, 1928, No. 23" (PDF). Service central de législation. Retrieved 2007-08-18.

Coordinates: 49°36′45.26″N 06°07′40.59″E / 49.6125722°N 6.1279417°E / 49.6125722; 6.1279417

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