At this time the conditions for inclusion in the group of most traded shares are a twelve-month turnover in excess of ISK 7 billion and a minimum market value of ISK 10 billion. It is possible that newly listed companies are included in the most traded group if high turnover is expected with the shares in question. A company may also be included if its shares have been much traded in the weeks before the selection due to some changes in company operations or conditions, even though the turnover does not amount to ISK 7 billion in the twelve-month period. Equities on all ICEX lists are candidates for the selection of most traded shares.
The shares selected at this time are:
Company | Sector | Symbol |
Islandsbanki | Finance and insurance | ISB |
Pharmaco | Pharmaceutical, | PHCO |
Bunadarbanki Islands | Finance and insurance | BUN |
Landsbanki Islands | Finance and insurance | LAIS |
Baugur Group | Services and commerce | BAUG |
Kaupthing Bank | Finance and insurance | KAUP |
Eimskipafelag Islands | Transport | EIMS |
Bakkavor Group | Industry and manufacturing | BAKK |
Ossur | Industry and manufacturing | OSSR |
Samherji | Fisheries | SAMH |
Ker | Oil distribution | KER |
As before eleven companies are included in the most traded group. Two companies are replaced in the group: Delta (Pharmaceutical) (delisted) and Tryggingamidstodin (Finance and insurance, symbol TM). Newcomers are Bakkavor Group and Ker hf.
For the most traded shares the trading lot in the trading system is twice as big as the trading lot of other shares. Trading in smaller amounts is possible, while small trades do not affect the price formation. The companies belonging to the most traded group are encouraged to publish their announcements simultaneously in Icelandic and English to give foreign investors access to information on the companies? activities.