Gunnebo AB (GUNN) Rise 1.56% on Dec 8

December 8, 2017 - By Louis Casey

Shares of Gunnebo AB (STO:GUNN) last traded at 32.6, representing a move of 1.56%, or 0.5 per share, on volume of 20,441 shares. After opening the trading day at 32.2, shares of Gunnebo AB traded in a close range. Gunnebo AB currently has a total float of 76.32M shares and on average sees 96,719 shares exchange hands each day. The stock now has a 52-week low of 30.6 and high of 51.5.

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

More notable recent Gunnebo AB (STO:GUNN) news were published by: Businesswire.com which released: “Gunnebo Strengthens Group Executive Team” on December 14, 2015, also Globenewswire.com with their article: “Gunnebo Acquires Spanish Cash Handling Company Grupo Sallén” published on July 30, 2015, Globenewswire.com published: “Henrik Lange Appointed New President & CEO of Gunnebo” on January 19, 2015. More interesting news about Gunnebo AB (STO:GUNN) were released by: Globenewswire.com and their article: “Gunnebo Plans to Close its Production Facility in Uckfield, UK” published on March 05, 2014 as well as Bizjournals.com‘s news article titled: “Gunnebo acquires Hamilton Safe Cos. for $65M” with publication date: August 08, 2012.

Gunnebo AB develops, produces, installs, and services various security products and solutions for banks, retail, cash in transit, mass transit, public and commercial buildings, and industrial and high-risk sites worldwide. The company has market cap of $2.49 billion. It offers cash management solutions, such as closed cash handling terminals that replaces manual tills; cash deposit terminals, which enhance cash management and cash handling processes; cash recycling self-service terminals for handling notes and coins; CashControl, a Web application for managing cash handling; and retail cash monitoring services for enhancing cash handling chain and integrate cash handling processes. It has a 14.06 P/E ratio. The firm also provides entrance security solutions, including airport security gates, ticket gates, speed gates, high-security doors, interlocking doors, revolving doors, and electronic article surveillances, as well as turnstiles; and certified cash and valuables safes, fire safes, deposit safes, vaults and vault doors, modular vaults, safe deposit lockers, and ATM safes.

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