Monsa Stock Exchange

Monsa Stock Exchange

Bolsa de Valores de Monsa Bolsa Monsa
Location	Monsa, Monsa
Founded	1820 (1820)
Owner	BVMM S.A.a
Key people	Cristina Echeverría Santamaría President Ricardo Gamarra del Pozo Director General
Currency	FMS
Indices	IGBM, ITBM, IBMOX 25
Website	bolsamonsa.com
a Bolsa de Valores y Mercados de Monsa Sociedad Anónima

The Monsa Stock Exchange (Monsan: Bolsa de Valores y Mercados de Monsa) is the only stock exchange currently operating in the Principality of Monsa and is considered one of the largest by market capitalisation in the south of Teudallum. The stock exchange is located on the Palacio de Moneda in front of the Alfonso Ríos de Garzón Square.

The Bolsa Monsa was inaugurated in 1820 as a place of reunion for merchants and agents, to negotiate and resolve businesses and contract goods. It has operated since then as an important stock exchange in the south coast of Teudallum. The Bolsa saw a great expansion during the first years of the 19th century as an effect tided together with the early development of the Principality, attracting capitals from the nations involved in the Great Astyrian War. In 1980, the government allowed the privatisation of stock exchange and the creation of BVMM S.A., company that has dealt with the organizational aspects of the Bolsa Monsa and is listed on the IBMOX 25. Bolsa Monsa embraced electronic trading the 1st January 1990. The financial newspaper, Séptimo Día, owned by El Día, has been regarded in Monsa as the official newspaper of the stock exchange and is responsible for publishing the IBMOX 25.

The Monsa Stock Exchange is regulated by the Society of the Stock Exchange (Sociedad de la Bolsa de Monsa; SBM). Its current President is Cristina Echeverría Santamaría and Ricardo Gamarra del Pozo is the director general.

Building

The building of the Bolsa Monsa, the Palace of Currency (Palacio de Moneda), was commissioned by the Prince Fernando IV of Monsa, shortly after establishing the Bolsa de Valores y Mercados de Monsa. Previously, the stock exchange served on the building located on the Boulevard Conquistadores 551. The Palace of Currency was designed by the Alcantaran architect, Adolfo de Betanzos following styles of the most important stock exchanges in other nations of Astyria. The palace was conceived as a neo-classical building that welcomes traders and visitors with six Corinthians columns. It was finally inaugurated in 1868, by the son of Fernando IV, the Prince Alejandro of Monsa, having costed the double of what the Princely House had projected.

Inside, the palace is small in size, with a total area of 3288 m². The building is centred around its core, where tradings used to happen by open outcry, the hall is led by a clock and its column that was originally built in Nidwalden and brought to Bolsa Monsa in 1970 to celebrate the 50 years of continuous operations. Outside, the palace is surrounded by gardened areas, in front of it, it is located the Alfonso Ríos de Garzón Square.

Gallery

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  Construction of the Palace of Currency, 1866.

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  Entrance of the building seen from the Siete Culebras St.

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  Interior of the Palace; central hall and trading posts.

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  Traders and press looking at the screens.

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  Detail on one of the four sides of the central clock.

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  Details on the ceiling of the central hall.

IBMOX 25

The IBMOX 25 (contraction for Índice Bursátil de Monsa; Monsa's Exchange Index) is the benchmark stock market index and one of the four indices calculated in the Bolsa Monsa. It is conceived as a market capitalisation weighted index, composed by the 25 most liquid stocks traded in Bolsa Monsa. It has been calculated by the Sociedad de la Bolsa de Monsa since 1975 and published by the Monsan financial newspaper Séptimo Día. It is reviewed twice annually.

Composition

As of December 21, 2020, the following 25 companies make up the index:

Company	Industry	Symbol	Index weighting (%)
Banca Casuarina	Commercial banking	BCA
Laboral Caja	Insurances	LCJ
GamaziFarma	Pharmaceutics	GZF
BVMM S.A.	Financial Services	BVM
TeMo	Telecommunications	TMO
Buquesur	Transport	BQS
Zagasti-Rimena	Construction	ZSR
PCUE Energía	Energy	PDE
Red de Gas de Monsa	Oil and gas	RGM
Grupo El Día	Information and publishing	GED
Grupo Vespucio	Real estate	GVP
Ferrocarriles del Principado S.A.	Transport	FDP
Principal Banco de Monsa	Commercial banking	PDM
Caja Criteria	Commercial banking	CCT
Caja Garona	Commercial banking	CGA
Artesanal	Food and beverages	ART
Citrico Cervera	Food and beverages	CCV
Mercadia	Retail	MCA
Súarez Garrea	Pharmaceutics	SGA
Las Heras	Real estate	LHA
Banca Zoido	Commercial banking	BZO
Ecos	Pharmaceutics	ECO
Hospital Iturgaiz	Medical services	HIZ
Betoret	Financial services	BTO
Perfil	IT Services	PFI