Banca Carige SpA (CRG) Dipped -8.69% on Nov 15

November 15, 2017 - By Dolores Ford

Shares of Banca Carige SpA (BIT:CRG) last traded at 0.151, representing a move of -8.69%, or -0.014 per share, on volume of 3.65 million shares. After opening the trading day at 0.17, shares of Banca Carige SpA traded in a close range. Banca Carige SpA currently has a total float of 829.94 million shares and on average sees 7.29 million shares exchange hands each day. The stock now has a 52-week low of 0.15 and high of 0.43.

The Italian Equity Market

The European economy is immensely growing and Italy is one of the many reasons behind such success. The companies that work at its markets as Banca Carige SpA prefer to stay there as long as possible.

Italy cannot be underestimated when it comes to corporate governance. Its capacities as a nation go beyond the tourism front. The blooming Italian equity market is a sure testament to that.

The Italian economy might just be one of the best contributors to the growth of the European economy. It is because of countries like Italy that Europe had become the enormous regional success that it is known today. It gives more possibilities to the Banca Carige SpA stocks.

Borsa Italiana/Italia Borsa/Piazza Affari

The Borsa Italiana is the primary stock exchange in Italy that is based at the Palazzo Mezzanotte in Milan. It had been established in February 1808 by Eugène de Beauharnais, Napoleonic Kingdom of Italy Viceroy— making it one of the oldest stock exchanges in the world. Like most stock exchanges, the Borsa Italiana had initially been a public entity. It had not been privatized until 1998.

In 2007, the Borsa Italiana had been acquired in an all-stock transaction by London Stock Exchange Group, leading to its merger with the London Stock Exchange.

Presently, more than 300 companies are listed on the Borsa Italiana, bringing its total market capitalization to about $645 billion.

The pre-market session on the Borsa Italiana begins at 8:00 a.m. and concludes at 9:00 a.m.; the regular session begins at 9:00 a.m. and concludes at 5:30 p.m.; and the post-market session begins at 6:00 p.m. and concludes at 8:30 p.m. The Borsa Italiana has one of the longest trading hours in the world. This gives domestic and international investors alike the opportunity to trade on it with enough time. And Banca Carige SpA to receive an attention from these investors.

FTSE Milano Italia Borsa (MIB)

The FTSE MIB is the benchmark index in Italy. It is a free-float market-capitalization-weighted index that measures the 40 biggest companies listed on the Borsa Italiana. It had replaced the MIB30, which measures the 30 biggest companies listed on the Borsa Italiana, in September 2004.

The FTSE MIB i formerly known as the S&P/MIB because the S&P operated it until June 2009 when the FTSE had taken over.

Representing roughly 80% of the total market capitalization on the Borsa Italiana, the FTSE MIB is a powerful indicator of the Italian economy’s situation. It is quarterly rebalanced to make sure that the components provide a clearer indication of the trade and commerce environment in Italy.

The FTSE MIB holds an all-time high of 50,108.56, which had last been seen in March 2000; and an all-time low of 12,362.50, which had last been seen in July 2012 after the Spanish debt dilemma rippled adversaries throughout Europe.

Italy is an ideal place to invest in, especially for those who are seeking meaningful returns. They can also check validity of Banca Carige SpA. With it serving as one the nations in Europe with compelling economies, investors are highly recommended to trade on the Borsa Italiana as a way of betting on Italy’s economic growth prospects.

More notable recent Banca Carige SpA (BIT:CRG) news were published by: Marketwatch.com which released: “0.166” on July 25, 2011, also Reuters.com with their article: “Carige, Italian banking’s next problem child, to discuss capital plans” published on June 30, 2017, Moodys.com published: “Moody’s affirms Banca Carige’s B3/Caa1 ratings, outlook developing” on October 05, 2016. More interesting news about Banca Carige SpA (BIT:CRG) were released by: Wsj.com and their article: “Apollo Offers to Buy Controlling Stake in Italy’s Banca Carige” published on March 29, 2016 as well as Bloomberg.com‘s news article titled: “Italian Banks Hit Reset as Taxpayer Billions Bail Out Lenders” with publication date: July 05, 2017.

Banca Carige SpA Cassa di Risparmio di Genova e Imperia is an Italy firm engaged in the financial sector. The company has market cap of 127.25 million EUR. It offers banking, finance, pension fund and insurance services. It currently has negative earnings. The Firm also operates in the fields of insurance, supplementary pension schemes and assurances.

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By1 Dolores Ford




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