Chapter 1495: A huge floating profit in half a month
Ever since the Financial Times Group produced the FTSE series of indices, which did have a significant stimulating effect on the UK stock market,
many European countries have followed suit and launched similar indices.
Examples include the Paris Index in France and the CAX30 index in West Germany.
Without exception, the emergence of these indices has had a huge guiding effect on the financial markets of their respective countries.
So Sweden also chose to follow suit.
It was just that they were a little slow.
The Stockholm 30 Index was officially launched on 30 September 1986. It is a weighted index that includes the shares of the 30 companies with the largest trading volumes.
The base point at the beginning of the launch was 500 points.
Up to now
the Stockholm 30 Index has been running for more than four months and has been running very well.
It has indeed had a positive effect on the Swedish financial market.
This, combined with the further improvement in the global economic environment, has had a positive effect on the Swedish financial market.
Sweden is a highly export-oriented country with a high degree of dependence on foreign trade, and its merchandise exports have been growing.
As a result, the share prices of most of these listed companies in Sweden have been rising.
Today, the Stockholm 30 Index has basically stabilised at a level above 600 points.
It is Thursday, 12 February, and the weather is fine.
It is 9am in Sweden.
At this time, it is already past the Lantern Festival in Hong Kong, and everyone is asleep.
In contrast, the Stockholm Stock Exchange is already bustling with activity, with employees from various institutions waiting in anticipation for the market to open.
The Stockholm Stock Exchange is controlled by the Wallenberg family, and naturally, the Wallenberg family's Silverbullet Group has the best trading floor.
In the large workroom, all traders are on high alert, with Peter Wallenberg and André Wallenberg sitting together in command.
'Move!'
When the hands on his watch jump to the hour, and Peter Wallenberg's cold voice rings out, everyone immediately springs into action.
Immediately.
The share prices of Ericsson, AstraZeneca, ABB, Electrolux, the Volvo Group, the Saab Group, Stora Enso and many other constituent stocks of the Stockholm 30 Index begin to rise.
And a large number of buy orders are placed.
Just as the Silverada Group had placed a large number of buy orders.
Wang Qi, who was stationed at the Swedish branch of Kirin Capital Company and was personally in Sweden to take command, immediately noticed.
Yesterday, he received information from Xia Yu that was handed over by a member of the Luo network, informing him that Peter Wallenberg had returned to Stockholm from Switzerland, and it was expected that the Wallenberg family would take action the next day, so he should keep a close eye on it.
Seeing this at this moment, how could he not know that it was the Wallenberg family that had moved?
In an instant, Wang Qi's blood began to boil.
The enemy had entered the arena, and the long-awaited financial battle had finally arrived.
He would leave his mark in Sweden and create his own legend.
Although there were more than 200 listed companies on the Stockholm stock market, there were not many with high market values.
And among these more than 200 listed companies, there were currently four with a market value of more than 20 billion Swedish kronor!
ABB, AstraZeneca, Ericsson and Atlas Copco are the members of the first echelon.
Yesterday, at the close of trading on Wednesday afternoon,
ABB's share price closed at 23.801 Swedish kronor per share, with a market value of 27.134 billion Swedish kronor.
AstraZeneca's share price closed at 66.142 Swedish kronor per share, with a market value of 24.471 billion Swedish kronor.
Ericsson closed at 36.374 SEK per share, with a market capitalisation of 231.66 billion SEK.
Atlas Copco closed at 27.920 SEK per share, with a market capitalisation of 228.39 billion SEK.
The Stockholm 30 closed at 623.37.
As the two sides began to trade, the stock prices of various companies began to rise with a series of buy orders.
The Stockholm 30 index also began to fluctuate violently.
Take AstraZeneca as an example.
At the opening bell, the stock price jumped directly to SEK 68.348 per share.
Then just three minutes passed.
The stock price rose directly to SEK 72.285 per share.
Compared to yesterday's closing price, the increase reached 9.28%!
The market value shot up to 26.74545 billion Swedish kronor.
If this had happened yesterday, it would have been within reach of overtaking ABB's market value and becoming the leader on the stock market.
But now it was impossible.
Because when the three minutes were up,
ABB's stock price fluctuated even more violently, and the increase directly broke through 10%.
ABB's market value exceeded 30 billion Swedish kronor, becoming the first company in the history of the Stockholm Stock Exchange to exceed 30 billion Swedish kronor in market value!
At the moment when ABB's market value broke through, it also caused a burst of exclamations in the stock exchange, but soon everyone's attention was drawn away by the chaotic trading situation.
When the market closed at noon,
Wang Qi glanced at the information on the electronic screen.
ABB: share price 28.789 Swedish kronor per share, total market value 32.8 billion...2.9 billion Swedish kronor.
AstraZeneca: share price 83.418 SEK per share, total market capitalisation 30,864 billion SEK.
Ericsson: share price 43.903 SEK per share, total market capitalisation 27,966 billion SEK.
Atlas Copco: share price 33.448 SEK per share, total market capitalisation 27,360 billion SEK.
...
Quickly.
The morning trading situation is summarised in Wang Qi's hands.
He sits in his office, intently looking at the report in his hands.
ABB, total shareholding 163.01 million shares, accounting for 14.30% of the total share capital. Of these, 158.23 million shares were bought before 11 February, at an average price of SEK 20.317 per share, costing SEK 3,214.76 million, with a floating profit of SEK 1,340.52 million kronor...On the morning of 12 February, 4.78 million shares were bought at an average price of 27.245 Swedish kronor per share, costing 130.23 million Swedish kronor and resulting in a floating profit of 7.38 million Swedish kronor.
Astra, total shareholding 55.41 million shares, accounting for 14.98% of the total share capital. Of these, 53.24 million shares were bought before February 11th, at an average price of 60.274 SEK per share, costing 3.20899 billion SEK, with a floating profit of 1.23219 billion SEK kronor...On the morning of 12 February, 2.17 million shares were bought at an average price of 74.184 Swedish kronor per share, costing 160.98 million Swedish kronor and resulting in a floating profit of 20.04 million Swedish kronor.
Ericsson, total shareholding 83.64 million shares, accounting for 13.13% of the total share capital. Of these, 79.43 million shares were bought before February 11th, at an average price of 32.472 Swedish kronor per share, costing 2.57925 billion Swedish kronor, with a floating profit of 907.96 million Swedish kronor...On the morning of 12 February, 4.21 million shares were bought at an average price of 40.218 Swedish kronor per share, costing 169.32 million Swedish kronor and resulting in a floating profit of 15.51 million Swedish kronor.
Atlas Copco AB, with a total shareholding of 132.1 million shares, accounts for 16.15% of the total share capital. Of these, 125.89 million shares were bought before February 11th, at an average price of 25.476 Swedish kronor per share, costing 3.20717 billion Swedish kronor, with a floating profit of 1.0036 billion Swedish kronor... On the morning of 12 February, 6.21 million shares were bought at an average price of 31.324 Swedish kronor per share, costing 194.52 million Swedish kronor and resulting in a floating profit of 13.19 million Swedish kronor.
...
The amount of funds used is 18.53485 billion Swedish kronor, the remaining amount of funds is 13.21515 billion Swedish kronor, the market value of holdings is 25.09656 billion Swedish kronor, and the total floating profit is 6.56171 billion Swedish kronor.
This floating profit, converted to US dollars at the latest exchange rate, has reached 1 billion US dollars.
This statement
If this were to be made public, it would definitely cause a huge stir.
The floating profit rate has reached 35%!
And it's only been half a month since the market was first entered!