Mangold Fondkommission AB (MANG) Declined -2% on Feb 4

February 4, 2018 - By Peter Erickson

Shares of Mangold Fondkommission AB (STO:MANG) last traded at 490, representing a move of -2%, or -10 per share, on volume of 31 shares. After opening the trading day at 480, shares of Mangold Fondkommission AB traded in a close range. Mangold Fondkommission AB currently has a total float of 450,212 shares and on average sees 26 shares exchange hands each day. The stock now has a 52-week low of 328.5 and high of 500.

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. Mangold Fondkommission AB 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 Mangold Fondkommission AB.

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 Mangold Fondkommission AB 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 Mangold Fondkommission AB. With low interest rates, Europe is surely an ideal place for investors to bet on through the Nasdaq Stockholm.

More notable recent Mangold Fondkommission AB (STO:MANG) news were published by: which released: “Trading in subscription rights and paid subscription shares in PolyPlank AB …” on August 28, 2017, also with their article: “Auriant Mining AB (publ) publishes a supplementary prospectus” published on September 08, 2017, published: “Cognosec AB (Publ): COGNOSEC AB PLANS FOR ADR LISTING ON NASDAQ NEW YORK AND …” on November 30, 2017. More interesting news about Mangold Fondkommission AB (STO:MANG) were released by: and their article: “Trading in subscription rights and paid subscription shares in WeSC AB (223/17)” published on August 03, 2017 as well as‘s news article titled: “Publication of the prospectus regarding Auriant Mining AB (publ)’s rights …” with publication date: August 22, 2017.

Mangold Fondkommission AB engages in the investment banking, structured investments, securities, and pension and capital advisory businesses in Sweden. The company has market cap of $220.60 million. The firm provides corporate financial advisory services in areas such as IPOs and other stock market-related transactions, corporate bonds, and other loan financing, as well as divestitures and other financial advisory services with a focus on small and medium-sized, publicly traded, and private companies; and issuing services in connection with transactions, such as right issues, directed share issues, private placements, bond loans/debentures/other interest-bearing securities, acquisitions, warrant programs, incentive programs, share buy-backs, redemption of shares, mergers/splits, alternative investment funds, and connecting issuers and securities to Euroclear Sweden. It has a 23.35 P/E ratio. It also provides market making services, which covers the provision of liquidity related to trading in securities; investment management services for companies, institutions, foundations, and private individuals, as well as for distribution to distributors of financial services; institutional portfolio management services primarily for small and medium-sized institutions; advisory services in the areas of investments, pension issues, and related areas comprising management, pension, option programs, foreign relocation, tax, legal affairs, credits, etc. to private individuals and legal entities; and securities services for the execution of primarily Swedish shares and derivatives listed on NASDAQ Stockholm, Aktietorget, and NGM for private individuals, companies, and small to medium-sized institutions.

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By1 Peter Erickson

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