Société Générale Société anonyme (GLE) Soared 2.151% on Feb 15

February 15, 2018 - By Peter Erickson

Shares of Société Générale Société anonyme (BIT:GLE) last traded at 46.785, representing a move of 2.151%, or 0.985 per share, on volume of 397 shares. After opening the trading day at 46.12, shares of Société Générale Société anonyme traded in a close range. Société Générale Société anonyme currently has a total float of 809.32 million shares and on average sees 1,270 shares exchange hands each day. The stock now has a 52-week low of 40.82 and high of 51.95.

FTSE MIB: A Growing European Index

Italy is known worldwide not just for being a country with a rich culture and heritage but most importantly, for being a nation with a competent trade and commerce conduct. It lures Société Générale Société anonyme to its market. That being said, it is surely one of the biggest assets of the European economy.

Having been tested through the toughest of times, there is so much to learn from the economy of Italy. Through the years, Italy and its equity market in particular, has helped shape Europe as a successfully thriving region.

The Italian Equity Market

The Italian equity market dates back as early as the 1800s. The Borsa Italiana or Piazza Affari, the main Italian stock exchange, had been founded as one of the earliest European stock exchanges in February 1808 by Viceroy of the Napoleonic Kingdom of Italy Eugène de Beauharnais.

The Borsa Italiana boasts as one of the few stock exchanges with the longest trading hours. The pre-market session begins at 8:00 a.m. and ends at 9:00 a.m. The regular session immediately follows at 9:00 a.m. and ends at 5:30 p.m. There is also a post market session that begins at 6:00 p.m. and ends at 8:30 p.m. These long trading hours provide flexible opportunities for international investors to buy and sell stocks on and from the Borsa Italiana. This is one of the reasons that Italy has one of the most successful trade and commerce environments in the world. Many investors are looking for reliable companies like Société Générale Société anonyme there.

The FTSE Milano Italia Borsa (MIB) is the free-float market-capitalization-weighted index that monitors the 40 most actively traded stocks on the Borsa Italiana. Until June 2009 when the FTSE had started operating the FTSE MIB, the S&P had operated it as the S&P/MIB.

Roughly 80% of the overall market valuation on the Borsa Italiana is included in the FTSE MIB, making it a significant economic indicator not just in Italy but in the entire European region. The FTSE MIB is rebalanced four times a year in order to maintain clear representation of the national economy. Société Générale Société anonyme stocks are carefully checked by professionals.

Milestones through the Years

The Borsa Italiana had always been operated as a public entity until it was privatized in 1998. The London Stock Exchange Group had then bought it in an all-stock transaction in 2007, consolidating the Borsa Italiana and the London Stock Exchange.

Hundreds of years after its foundation, the Borsa Italiana now has an overall market valuation of about $650 billion with over 340 stocks listed on it.

Meanwhile, the FTSE MIB had posted its all-time high of 50,108.56 points in March 2000; and its all-time low of 12,362.50 points in July 2012. The meltdown in 2012 is widely attributed to the financial crisis in Spain, which had affected other European nations; and to the heightened borrowing costs in Europe.

Investing on Borsa Italiana stocks is ideal today not just for domestic investors but also for international investors. Evidently, many investors are flocking the Italian equity market to take advantage of a compelling borrowing environment.

More notable recent Société Générale Société anonyme (BIT:GLE) news were published by: which released: “Société Générale ekes out quarterly profit despite charges” on February 08, 2018, also with their article: “Get out of the ‘cauldron of complacency’ this year, says Société Générale” published on February 06, 2018, published: “Societe Generale CEO Interview – FY 2017 (video)” on February 08, 2018. More interesting news about Société Générale Société anonyme (BIT:GLE) were released by: and their article: “SocGen posts 82% profit plunge after restructuring costs and tax-related charges” published on February 08, 2018 as well as‘s news article titled: “S&P 500 could slump to 2500 if the 10-year Treasury yield crosses 3.0%” with publication date: February 13, 2018.

Soci??t?? G??n??rale Soci??t?? anonyme provides financial services in Europe and internationally. The company has market cap of 37.86 billion EUR. It operates through three divisions: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It has a 14.16 P/E ratio. The firm offers retail banking services to individual customers, professionals, and corporate and non-profit clients under the Societe Generale, Cr??dit du Nord, and Boursorama brands; and international retail banking and consumer credit services to individual customers, professionals, corporates, institutions, and associations in Europe, Russia, Africa, and French overseas departments and territories.

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By1 Peter Erickson

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