Glitnir increased its market share to 7.37% of the equity turnover on the Oslo Stock Exchange in March. It means the Nordic banking group is now the second largest equity broker with a turnover of NOK 24,127 million, just behind SEB Enskilda ASA with NOK 25,198 million or 7.69% of the market.
“Our market share on the OSE has steadily increased since the turmoil in the financial markets started last autumn, reaching an all time high last month. We believe that the need for professional advice increases in turbulent waters, and are pleased to see our position has strengthened”, says Karl Otto Eidem, Managing Director of Glitnir Securities.
“Glitnir has a positive view on the development on OSE going forward. Most crises end with a collapse, and we believe the FED supported buyout of Bear Stearns will be remembered as the climax of the current credit crisis”, says Bengt Jonassen, Head of Research in Glitnir Securities.
The Glitnir group is a member of all five Nordic exchanges and the Russian RTS and MICEX, and provides equity research for 260 companies in the Nordic countries and in Russia.
For more information on Glitnir visit www.glitnirbank.com
Bjørn Richard Johansen
Managing Director, Corporate Communication
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