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rise of OMXT index last year |
Estonia, the latest entrant to the eurozone and one of the single-currency bloc’s fastest-growing economies, is hoping that its improving financial fortunes will lead to increased new-issue activity on its stock market in the coming months. Last year, the Estonian stock market had its best ever year, with the Tallinn Stock Exchange’s OMXT index soaring by 72.6%. However, as a result of concerns about high sovereign indebtedness in the eurozone, which Estonia joined at the start of this year, the OMXT index had fallen 7% by the end of May.
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