ICEX: Record Turnover In July

There was a record turnover of ISK 85.8 billion at Iceland Stock Exchange (ICEX) last month compared to ISK 53.9 billion turnover in July of last year. This brings July to the 3rd place on the list of top 10 total monthly turnover at ICEX following May and January of this year. This means that the four top months belong to this year. In total six out of ten on the list belong to 2002 along with four months of 2001.

This is a 59% increase in total turnover when compared to July of last year. The increase is mostly due to higher turnover on the bond market which amounted to ISK 72.6 billion which is a record monthly bond turnover at ICEX. July is followed by the months of November and September 2001. Furthermore, yesterday was the biggest day ever in terms of bond trading, with a turnover of ISK 10.6 billion.