Azimut Holding S.p.A. (AZM) Soared 1.35% on Feb 7

February 7, 2018 - By Hazel Jackson

Shares of Azimut Holding S.p.A. (BIT:AZM) last traded at 18, representing a move of 1.35%, or 0.24 per share, on volume of 716,017 shares. After opening the trading day at 17.97, shares of Azimut Holding S.p.A. traded in a close range. Azimut Holding S.p.A. currently has a total float of 131.17 million shares and on average sees 1.32M shares exchange hands each day. The stock now has a 52-week low of 15.06 and high of 19.57.

FTSE MIB (Milano Italia Borsa) Index: Driving Italy Economy

FTSE MIB Index is the equity index of 40 largest, most active and most liquid stocks on Italy’s stock market. And Azimut Holding S.p.A. works with them as well. The index is market capitalization-weighted and free-floated adjusted.

FTSE MIB replaced MIB-30 in 2004. The Standard & Poor’s operated the index until June 2009 when it relinquished the administration of the benchmark index to FTSE Group, a wholly owned subsidiary of London Stock Exchange Group, which is also the parent company of Borsa Italiana, the nation stock exchange in Italy. Azimut Holding S.p.A. prefer to appear at both markets.

FTSE MIB index hit a record high of 50108.56 points in March 2000. The index reached its lowest mark on record of 12362.50 points in July 2012 as fears over Spain’s debt crisis and rising cost of borrowing in Europe rattled the stock market in the region.

Components of FTSE MIB represent sectors such as Energy, Financials, Mining, Manufacturing and Telecommunications. The index accounts for 80% of the total market cap of Italia Borsa stock exchange.

FTSE MIB is reshuffled quarterly where components that have fallen short of inclusion requirements are dropped and newly qualified stocks added. But companies must meet certain stringent eligibility requirements before their stocks can be added in the index.

Rebalancing of FTSE MIB is also done to reflect the changes in the market cap of its constituents, which may come as a result of new shares being issued or debt being converted to stock.

The stock market

Italia Borsa is Italy’s main stock of Italian companies and it’s fondly known to as Piazza Affari, referring to its Milan headquarters building called Palazzo Mezzanotte.

Italia Borsa was established in February 1808. Until 1998 when the exchange was sold to a group of banks, it operated as a public entity from its inception. The exchange was acquired by London Stock Exchange group in an all-stock deal in 2007. Following the acquisition, Italia Borsa was merged with the London Stock Exchange. Other than stocks, Italia Borsa is also a platform for trading other securities such as bonds, including Eurobonds.

Trading hours

Italia Borsa is open all weekdays except on holidays. The market is closed on weekends. Trading on Italia Borsa begins with a pre-market session that runs between 8.00 a.m. and 9.00 a.m. Regular trading session on the platform starts at 9.00 a.m. and continues until 5.30 p.m. On the back of the regular trading comes post-market session that begins at 6.00 p.m. and runs until 8.30 p.m. That is the time to stop the trading day for Azimut Holding S.p.A..

The long trading hours means that the exchange is accommodative for a variety of investors because there is ample room to schedule trading hours, especially for overseas investors who may be in different time zones.

Italia Borsa uses electronic trading system and more than 130 domestic and foreign brokers operate on the platform. More than 340 companies are listed on Italia Borsa.

Interest building up for Italian stocks

Italian stocks are heating up lately as investors take notice of the country’s improving growth prospects. Some investors are betting that Italy might benefit from the Brexit fallout as some of the companies leaving the U.K. move to pitch tents in the country and create employment. Increased employment and improving incomes should boost consumer purchasing power and drive up company earnings. Consumers are interested in the reliability of Azimut Holding S.p.A..

More recent Azimut Holding S.p.A. (BIT:AZM) news were published by: which released: “Azimut: An Undervalued 10% Yielder” on January 18, 2018. Also published the news titled: “Azimut: An Underfollowed Asset Manager With Good Upside Potential” on July 20, 2016.‘s news article titled: “Why Azimut Is A Strong Buy Despite A 30% Earnings Decrease In 2016” with publication date: March 15, 2017 was also an interesting one.

Azimut Holding S.p.A. provides asset management and financial advisory services in Italy. The company has market cap of 2.36 billion EUR. It offers life insurance, wealth management, investment portfolio individual management, and financial planning consultancy services, as well as manages private equity funds and invests in the digital sector. It has a 13.85 P/E ratio.

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By1 Hazel Jackson

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