Iceland market plunges 76% as trade resumes

Trading on the Icelandic stock exchange resumed today with the blue chip index plunging 76 per cent.

Trading on the Icelandic stock exchange resumed today with the blue chip index plunging 76 per cent.

Trading in six financial stocks - Kaupthing, Landsbanki, Glitnir, Straumur-Burdaras, Reykjavik Savings Bank (SPRON) and Exista - remained suspended.

Iceland last week took control of the operations of Kaupthing, Landsbanki and Glitnir. The entire stock market had been suspended since Thursday.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up for push alerts to get the best breaking news, analysis and comment delivered directly to your phone

  • Listen to In The News podcast daily for a deep dive on the stories that matter