75 years of the Luxembourg Stock Exchange
The Luxembourg Stock Exchange celebrated its 75th anniversary on 6 May 2004.
The creation and opening of the Luxembourg Stock Exchange (www.bourse.lu) shortly preceded a monumental date in stock exchange history marked by the infamous Black October of 1929. When the Stock Exchange opened, the board included 213 transferable securities, including shares of 10 Luxembourg companies and shares of 155 foreign companies. At the time, the market was organized following the principle of a sale by auction. After the crash that nearly brought it down between 1929 and 1932, the Luxembourg Stock Exchange enjoyed a brief respite until the outbreak of war. For the six years of World War II, the Stock Exchange was forced to halt its activities. It resumed normal activities following the end of the conflict.
The end of the 1950s and the beginning of the 1960s were marked by active growth as the financial centre of Luxembourg developed. The first mutual funds were listed in 1959. 1963 saw the birth of the European market and the listing in Luxembourg of the first euro-bond, that is, the Autostrade loan of US$ 15 million (1963-78).
The Luxembourg Stock Exchange now lists more than 30,000 transferable securities, of which two thirds are financial obligations of issuers from around the world. It also lists approximately 6,000 mutual funds. The market has been entirely automated since January 1995 and the Luxembourg Stock Exchange remains the standard market for shares of Luxembourg companies.
|Price of the stamp:||0,50 €|
|Design & Engraving:||Guillaume Broux, Malines (B)|
|Artwork & Layout:||Repères Communication, Sandweiler|
|Printing:||Combined engraving and photogravure by the Imprimerie du Timbre, La Poste in Malines (B)|
|Dimensions:||40.64 x 31.75 mm|