AB Traction (TRAC-B) Dips -1.61% on Jan 30

January 30, 2018 - By Vivian Park

Shares of AB Traction (STO:TRAC.B) last traded at 183, representing a move of -1.61%, or -3 per share, on volume of 122 shares. After opening the trading day at 187, shares of AB Traction traded in a close range. AB Traction currently has a total float of 14.79 million shares and on average sees 1,768 shares exchange hands each day. The stock now has a 52-week low of 163 and high of 235.

Nasdaq Stockholm: A Nordic Nation’s Pride

Sweden is home to one of the best and most accomplished economies in the world. It is truly a pride of the European Union (EU), especially now that Great Britain has decided to leave the political organization. AB Traction is not very concern for its investors. With the Brexit, the Swedish economy is now more than ever at a more competent position to carry out growth prospects.

Stockholm Stock Exchange or Nasdaq Stockholm

The Nasdaq Stockholm, located in Frihamnen, Stockholm, is the primary stock exchange in Sweden. It is also one of the main stock exchanges in other Nordic countries including Denmark, Finland, Iceland, and Norway.

The Nasdaq Stockholm had been established as early as 1863, making it one of the oldest stock exchange in Europe and in the world as well. Until about the first half of the calendar year 1990, trading on the Nasdaq Stockholm occurs on the floor at the Stockholm Stock Exchange Building. Electronic trading was only launched on June 1, 1990. And now it provides numerous improvements in the common work for AB Traction.

Nasdaq, Inc. owns the Nasdaq Stockholm since 2008. Consequently, it is part of Nasdaq Nordic, a subsidiary of Nasdaq founded in 2003. Other stock exchanges overseen by Nasdaq Nordic include the Armenia Stock Exchange or Nasdaq OMX Armenia, the Copenhagen Stock Exchange or Nasdaq Copenhagen, the Helsinki Stock Exchange or Nasdaq Helsinki, the Iceland Stock Exchange or Nasdaq Iceland, the Riga Stock Exchange or Nasdaq Baltic, and the Tallinn Stock Exchange or Nasdaq Baltic.

As of March, more than 300 companies are listed on the Nasdaq Stockholm. In totality, it has a market capitalization of roughly $1.26 trillion.

The regular trading session on the Nasdaq Stockholm begins at 9:00 a.m. and ends at 5:00 p.m.

OMX Stockholm 30 Index (OMXS30)

The OMXS30 is the benchmark Swedish index measuring the top 30 stocks on the Nasdaq Stockholm based on market capitalization. It uses the base value of 125 points, which has a base date of September 1986. The OMXS30 has numerous sectors; and the three biggest sectors include Consumer Services, Financials, and Industrials. OMXS30 guarantee the stability for AB Traction work, as well.

The components of the OMXS30 are reviewed semi-annually in order to guarantee an accurate representation of the Swedish equity market. During rebalancing periods, it is only normal for the OMXS30 to forego some components and welcome new ones. It always depends on the companies’ liquidity, market capitalization, and several other factors.

The OMXS30 has touched its all-time low of 98.86 points in November 1987. The substantial losses are widely attributed to the Black Monday, an occurrence that had shaken the global equity market. It all began when stocks on the Stock Exchange of Hong Kong (SEHK) had significantly declined on October 19, 1987.

Eventually, the OMXS30 was able to recoup from the dark times in global economy history. It has touched its all-time high of 1,719.93 in April 2015.

Today is the best time to enter the European equity market, particularly that of Sweden. And perhaps check some companies like AB Traction. With low interest rates, Europe is surely an ideal place for investors to bet on through the Nasdaq Stockholm.

More notable recent AB Traction (STO:TRAC.B) news were published by: Globenewswire.com which released: “AB Traction: Interim report January – June 2017” on July 14, 2017, also Nasdaq.com with their article: “AB Traction: Traction divests its shares in Banking Automation Ltd” published on December 19, 2017, Reuters.com published: “Small Swedish industrial firm Duroc bets on big buy, shares soar” on January 13, 2017. More interesting news about AB Traction (STO:TRAC.B) were released by: Reuters.com and their article: “BRIEF-Traction: Norvestor Equity gives offer for Nordic Camping & Resort” published on November 10, 2016 as well as Wsj.com‘s news article titled: “Amazon Hopes Alexa Voice Assistant Will Offer Traction for Music App” with publication date: September 26, 2017.

AB Traction is a private equity firm specializing in buyouts, PIPES, and restructurings. The company has market cap of $2.71 billion. It invests in public and private companies. It has a 4.69 P/E ratio. In private companies, the firm invests in turnaround projects, reconstructions, management buy-outs, and buy-ins.

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By1 Vivian Park

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