Head of the Tallinn Stock Market Calls for State Companies to Enter Exchange After Low Volumes ({{commentsTotal}})

Business
Business

NASDAQ OMX Tallinn head of board Rauno Klettenberg said the market's trading volumes are low, but enlisting state companies on the stock market would bring back life.

According to Postimees, trading turnover in the Tallinn stock market was 48 million euros in the first quarter this year, 40 percent less than during the same period last year.

Klettenberg told ERR radio today that the confidence of investors has not returned after the financial crisis and volumes have been low in Estonia and the rest of the Baltics since the end of 2011.

“Sadly we ourselves can not force new companies to the stock market, but we can discuss what is needed for a company to list on the market and talk to the companies directly,” he said, adding that they are actively approaching companies.

Bringing state-owned companies to the mix would increase investor interest, especially that of institutional investors, he said. Pension funds would also be more attractive to the Tallinn stock market.

One of new Prime Minister Taavi Rõivas's first ideas after taking over from Andrus Ansip was to include private capital in state-owned companies, such as listing Eesti Energia's oil shale plants on the stock market. The right-left coalition has set a goal of analyzing the idea.



{{c.alias}}
{{c.createdMoment}}
{{c.body}}
{{cc.alias}}
{{cc.createdMoment}}
+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long
{{comment.captcha.word.answer}}

news.err.ee

Opinion
Independence Day: Estonia’s way into the future isn’t a race

There is a lack of connection between the Estonian state, and the people who live here. While it expects a lot of the state, Estonian society doesn’t seem ready to contribute, writes Viktor Trasberg.

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.