About the Nasdaq Riga
NASDAQ Riga (formerly the Riga Stock Exchange) is the only stock exchange in Latvia. It’s one of three major exchanges in Europe’s Baltic states that maintain a partnership with each other. Keep reading to learn more about NASDAQ Riga, the top stocks on the exchange, notable recent risers and fallers, and more.
The Riga Stock Exchange was established in 1993 and is part of a ‘Baltic marketplace’, along with exchanges in Estonia and Lithuania. Since the Baltic states are some of the smallest sovereign nations in Europe, the three countries banded together to facilitate investments between them.
NASDAQ has helped to forge that partnership by buying all three of the major Baltic stock exchanges and grouping them into the company’s Baltic Market division.
OMX Riga (OMXRGI) is a stock index consisting of all the shares listed on NASDAQ Riga. The index’s objective is to represent the Latvian economy as a whole, and the changes that it goes through over time.
Latvia sports a modest GDP of $34.4 billion USD, so it’s no surprise that NASDAQ Riga is small in scope and scale. Only 15 stocks trade on NASDAQ Riga and some of them are quite illiquid – meaning they don’t trade very often. There is a lack of large institutional investment on the exchange, although Latvia’s economy as a whole has seen signs of growth in recent years.