Banca Intermobiliare di Investimenti e Gestioni SpA (BIM) Decline -2.306% on Dec 2

December 2, 2017 - By Clifton Ray

Shares of Banca Intermobiliare di Investimenti e Gestioni SpA (BIT:BIM) last traded at 0.466, representing a move of -2.306%, or -0.011 per share, on volume of 80,494 shares. After opening the trading day at 0.47, shares of Banca Intermobiliare di Investimenti e Gestioni SpA traded in a close range. Banca Intermobiliare di Investimenti e Gestioni SpA currently has a total float of 149.63 million shares and on average sees 265,073 shares exchange hands each day. The stock now has a 52-week low of 0.455 and high of 1.58.

Borsa Italiana: A Rising Giant in Europe

The Borsa Italiana, which is also known as the Piazza Affari, is Italy’s main stock exchange. It does not just take pride in being one of the oldest stock exchanges globally; it also takes pride in being one of Europe’s best stock exchanges today. It is an honour to be inside for Banca Intermobiliare di Investimenti e Gestioni SpA as well. Needless to say, the Borsa Italiana has led the European economy— in one way or another— to become the globally influential economy that it is today.

On the other hand, the FTSE Milano Italia Borsa (MIB) is the country’s benchmark index. Like the Borsa Italiana, it also has a meaningful impact in the entire European trade and commerce environment.

Borsa Italiana

Napoleonic Kingdom of Italy Viceroy Eugène de Beauharnais had established the Borsa Italiana in February 1808 as one of the first stock exchanges in the world. Based at Palazzo Mezzanotte, Milan, its operations had always been supervised by the government as public entity until 1998.

The London Stock Exchange Group had purchased the Borsa Italiana in an all-stock agreement in 2007, merging it with the London Stock Exchange. It helped Banca Intermobiliare di Investimenti e Gestioni SpA received new audience.

On the Borsa Italiana, the pre-market session lasts for an hour, starting at 8:00 a.m. and ending at 9:00 a.m; the regular session lasts for 8.50 hours, starting at 9:00 a.m. and ending at 5:30 p.m.; and the post-market session lasts for 2.50 hours, starting at 6:00 p.m. and ending at 8:30 p.m. The long trading hours give way to international investors who live in countries with different time zones. Consequently, the Borsa Italiana has so much room for growth. Not all stock exchanges have trading hours this long.

Today, the Borsa Italiana has a total market valuation of about $645 billion with over 300 companies listed on it.

FTSE MIB

The FTSE MIB is currently operated by the FTSE. Prior to the takeover of the FTSE in June 2009, it had been operated as the S&P/MIB by the S&P.

The FTSE MIB tracks the 40 largest companies listed on the Borsa Italiana based on market capitalization and with respect to free-floating shares. Different companies of major sectors such as Energy, Financials, Mining, and Telecommunications are included in the FTSE MIB, which represents roughly 80% of the total market valuation on the Borsa Italiana. The components are reviewed quarterly to guarantee the best possible indication of the health of the Italian economy, which plays an important role in the success of the entire European economy. Health of Banca Intermobiliare di Investimenti e Gestioni SpA shares attract attention of investors.

The FTSE MIB had hit an all-time high of 50,108.56 points, which also happens to be its best intraday high, in March 2000. On the other hand, it had hit an all-time low of 12,362.52 points in July 2012 mainly because of high borrowing costs in Europe.

Many investors are considering Borsa Italiana stocks because of Italy’s competent trade and commerce landscape. It is one of the best ways to count on the growth of the European economy regardless of whether investors are trading short-term or long-term.

Banca Intermobiliare di Investimenti e Gestioni S.p.A. provides various private banking services and products in Italy and internationally. The company has market cap of 69.73 million EUR. It operates through Clients, Finance, and Corporate Centre divisions. It currently has negative earnings. The firm offers personal financial advisory services comprising reporting and risk management tools, and Advisory Plus solutions; and investment services and portfolio management services, as well as Italian collective investment funds, hedge funds, and Luxembourg SICAVs.