Banca Carige S.p.A. – Cassa di Risparmio di Genova e Imperia (CRG) Is Yet to See Trading Action on Dec 12

December 12, 2017 - By Louis Casey

Shares of Banca Carige S.p.A. – Cassa di Risparmio di Genova e Imperia (BIT:CRG) closed at 0.0104 yesterday. Banca Carige S.p.A. – Cassa di Risparmio di Genova e Imperia currently has a total float of 829.94 million shares and on average sees 194.67M shares exchange hands each day. The stock now has a 52-week low of 0.0077 and high of 0.0372.

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 Banca Carige S.p.A. – Cassa di Risparmio di Genova e Imperia 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 Banca Carige S.p.A. – Cassa di Risparmio di Genova e Imperia 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. Banca Carige S.p.A. – Cassa di Risparmio di Genova e Imperia 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 Banca Carige S.p.A. – Cassa di Risparmio di Genova e Imperia (BIT:CRG) news were published by: which released: “Banca Carige SpA” on July 25, 2011, also with their article: “Carige Investors Agree to Back Share Sale” published on November 18, 2017, published: “Carige, Italian banking’s next problem child, to discuss capital plans” on June 30, 2017. More interesting news about Banca Carige S.p.A. – Cassa di Risparmio di Genova e Imperia (BIT:CRG) were released by: and their article: “Apollo Offers to Buy Controlling Stake in Italy’s Banca Carige” published on March 29, 2016 as well as‘s news article titled: “Moody’s affirms Banca Carige’s B3/Caa1 ratings, outlook developing” with publication date: October 05, 2016.

Banca Carige S.p.A. – Cassa di Risparmio di Genova e Imperia provides various consumer and corporate banking services and products in Italy. The company has market cap of 10.35 million EUR. The firm offers current accounts and demand deposits, and term deposits; and repurchase agreements, mortgage loans, personal loans and salary-backed loans, and other loans, as well as credit cards, and structured and other securities. It currently has negative earnings. It also provides leasing, factoring, financial instruments and currency trading, portfolio management, securities custody and administration, custodian, securities placement, receipt and transmission of order, investments and financial structure advisory, third-party distribution, collection and payment, securitization, tax collection, and multilateral trading management services, as well as various insurance products.

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