Head of the Tallinn Stock Market Calls for State Companies to Enter Exchange After Low Volumes

(Postimees/Scanpix)
5/7/2014 4:20 PM
Category: Economy

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.


The name field cannot be empty
No more than 50 characters
Comment field cannot be empty
No more than 50 characters
Comment field cannot be empty
No more than 1024 characters
{{error}}

Message forwarded to the editor

This Ip-address has limited access

See also

There are no comments yet. Be the first!

Reply to comment

+{{childComment.ReplyToName}}:
Reply to comment
Reply

Laadi juurde ({{take2}})
The name field cannot be empty
No more than 50 characters
Comment field cannot be empty
No more than 1024 characters
{{error}}
Add new comment