OMX Iceland All-Share PI
Template:Short description Template:Infobox Index
The OMX Iceland All-Share PI (OMXIPI, formerly ICEX Main) is a stock market index for all stocks traded on the Nasdaq Iceland main market. It is a price return and capitalization-weighted index.<ref name="methodology">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
The base date for the OMX Iceland All-Share PI is 31 December 1997, with a base value of 1,000.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The index is reconstituted and rebalanced each trading day.<ref name="methodology"/>
In 2004, a total return version of the OMX Iceland All-Share index was launched, the OMX Iceland All-Share GI (OMXIGI, formerly ICEXASTR).<ref name="versions">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref name="omx iceland 2007">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Unlike the OMXIPI, the OMXIGI includes reinvested dividends.
History
The index was introduced in March 1998 by the Iceland Stock Exchange (ICEX) under the name ICEX Main.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Following the OMX acquisition of the Iceland Stock Exchange in 2006,<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> the index changed name to OMX Iceland All-Share PI (OMXIPI) on 2 April 2007.<ref name="omx iceland 2007"/>
In 2008, the index collapsed during the Icelandic financial crisis. Trading in the stock market was suspended for three successive trading days, on 9, 10 and 13 October.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> When trading resumed on 14 October 2008, the OMX Iceland All-Share PI closed at 919.25, down 67% from its previous closing level. The index continued to fall in the following months, reaching an all-time low closing at 378.98 on 1 April 2009. Compared with its peak closing at 8,174.28 on 18 July 2007, the index had plummeted more than 95% in less than two years.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>