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OMX Iceland All-Share PI

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OMX Iceland All-Share PI
OMXIPI index performance between 2002 and 2024 (log scale)
Foundation1998
OperatorNasdaq, Inc.
ExchangesNasdaq Iceland
Constituents28 (as of March 2025)[1]
Weighting methodCapitalization-weighted
WebsiteOfficial website
ISINIS0000004463
Reuters.OMXIPI
BloombergICEXI:IND

The OMX Iceland All-Share PI (OMXIPI, formerly ICEX Main) is a stock market index for all stocks traded on the Nasdaq Iceland main market. It is a price return and capitalization-weighted index.[2]

The base date for the OMX Iceland All-Share PI is 31 December 1997, with a base value of 1,000.[3] The index is reconstituted and rebalanced each trading day.[2]

In 2004, a total return version of the OMX Iceland All-Share index was launched, the OMX Iceland All-Share GI (OMXIGI, formerly ICEXASTR).[4][5] Unlike the OMXIPI, the OMXIGI includes reinvested dividends.

History

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The index was introduced in March 1998 by the Iceland Stock Exchange (ICEX) under the name ICEX Main.[6] Following the OMX acquisition of the Iceland Stock Exchange in 2006,[7] the index changed name to OMX Iceland All-Share PI (OMXIPI) on 2 April 2007.[5]

In 2008, the index collapsed during the Icelandic financial crisis. Trading in the stock market was suspended for three successive trading days, on 9, 10 and 13 October.[8] When trading resumed on 14 October 2008, the OMX Iceland All-Share PI closed at 919.25, down 67% from its previous closing level. The index continued to fall in the following months, reaching an all-time low closing at 378.98 on 1 April 2009. Compared with its peak closing at 8,174.28 on 18 July 2007, the index had plummeted more than 95% in less than two years.[9]

References

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  1. ^ "Weighting for OMXIPI". indexes.nasdaqomx.com. Retrieved 6 March 2025.
  2. ^ a b "Index Methodology OMX All-Share Indexes" (PDF). indexes.nasdaqomx.com. Retrieved 6 March 2025.
  3. ^ "Overview for OMXIPI". indexes.nasdaqomx.com. Retrieved 6 March 2025.
  4. ^ "Index Versions OMX All-Share Indexes" (PDF). indexes.nasdaqomx.com. Retrieved 6 March 2025.
  5. ^ a b "OMX Iceland Indexes" (XLS). globenewswire.com. 2 January 2007. Retrieved 6 March 2025.
  6. ^ Guðjónsdóttir, Elín (16 August 2000). "The Icelandic equity market" (PDF). cb.is. The Central Bank of Iceland. p. 4. Retrieved 6 March 2025.
  7. ^ "Iceland Stock Exchange to join the OMX Nordic Exchange". nasdaq.com. 19 September 2006. Archived from the original on 5 February 2023. Retrieved 6 March 2025.
  8. ^ "Iceland markets plummet". theguardian.com. 14 October 2008. Archived from the original on 25 December 2024. Retrieved 6 March 2025.
  9. ^ "OMX Iceland All-Share Performance & Quotes". marketscreener.com. Retrieved 6 March 2025.
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