Collector AB (COLL) Moves Up 1.63% on Dec 8

December 8, 2017 - By Ellis Scott

Shares of Collector AB (STO:COLL) last traded at 81.3, representing a move of 1.63%, or 1.3 per share, on volume of 5,966 shares. After opening the trading day at 79.65, shares of Collector AB traded in a close range. Collector AB currently has a total float of 102.69M shares and on average sees 75,541 shares exchange hands each day. The stock now has a 52-week low of 79.65 and high of 108.

OMXS30: Attesting To Sweden’s Glory

Many European countries are acknowledged for their respective contributions to the global economy given their extensive dominance. One of these European prides includes Sweden, a truly influential nation especially among Nordic countries. The chances to get to its market are low, but Collector AB made it.

Sweden boasts with countless growth opportunities for domestic and international investors alike, which is why it has a healthy trade and commerce landscape backed by a reasonable borrowing environment. Moreover, its compelling corporate governance also attracts more and more investors through time, and strengthens their confidence in the national economy. Collector AB receives attention of new investors from across the world.

Nasdaq Stockholm

The Nasdaq Stockholm, which is a part of the Nasdaq Nordic, is the main stock exchange in Sweden that is based in Frihamnen, Stockholm. It had been established in 1863, adopting a floor trading system at the Stockholm Stock Exchange Building. On June 1, 1990, an electronic trading system had finally been introduced.

Presently, the Nasdaq Stockholm is owned by Nasdaq, Inc. along with other stock exchanges in Nordic countries including the Armenia Stock Exchange or Nasdaq OMX Armenia; 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.

The regular trading on the Nasdaq Stockholm lasts for eight hours, beginning at 9:00 a.m. and ending at 5:00 p.m. Currently, it has a total market capitalization of roughly $1.30 trillion with more than 300 companies listed on the Nasdaq Stockholm. Inside this list is Collector AB.

OMXS30

The OMXS30 is the benchmark Swedish index that weighs the 30 biggest companies listed on the Nasdaq Stockholm based on market capitalization.

The components are reviewed twice a year in order to make sure that the OMXS30 provides a meaningful representation of the Swedish equity market. Regular index rebalancing is a typical activity among indices that do not weigh all companies listed on their respective stock exchanges. Companies are regularly dropped from and added to these indices depending on several factors such as industry representation, liquidity, among others.

The base value of the OMXS30 is 125 points and the base date is September 1986. Numerous sectors comprise the OMXS30; and the top 3 largest sectors include Consumer Services, Financials, and Industrials.

The OMXS30 had reached its all-time low of 98.96 points in November 1987; and its all-time high of 1,719.93 points in April 2015. The remarkable decline in 1987 had been mainly driven by Black Monday, a dark day in the history of global economy that had started in Hong Kong. From there, the OMXS30 had managed to grow gradually as the Swedish economy recouped, leading to its all-time high record. Companies like Collector AB received the benefits of investors attention after that.

There is no reason to doubt the rampant growth of the European economy with the powerful stability of countries such as Sweden. Many investors are considering entering the European equity market because of this. It goes without saying that investing on Nasdaq Stockholm stocks is one of the best ways to penetrate a booming economy and bet on its further growth.

More notable recent Collector AB (STO:COLL) news were published by: Businesswire.com which released: “Collector AB: Collector Signs Financing Agreement with Rossignol” on November 29, 2016, also Businesswire.com with their article: “Collector AB: Collector Announces Rights Issue” published on September 16, 2016, Businesswire.com published: “Collector AB: Collector Reinforces Its Position as a Digital Innovator” on April 07, 2016. More interesting news about Collector AB (STO:COLL) were released by: Reuters.com and their article: “BRIEF-Collector new CEO Liza Nyberg to take up office on September 1” published on June 01, 2017 as well as Bloomberg.com‘s news article titled: “After Their Own Debt Binge, Europe Loan Collectors Seen at Risk” with publication date: November 10, 2017.

Collector AB provides financial services in Sweden and internationally. The company has market cap of $8.35 billion. The firm operates through two divisions, Retail and Corporate. It has a 17.42 P/E ratio. The Retail segment offers personal loans, savings accounts, credit cards, payment solutions, and financing solutions for e-commerce and retail chains, as well as related debt collection services.

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