ProVen Growth and Income VCT Ord (PGOO) Jumped 2.9851% on Feb 15

February 15, 2018 - By Linda Rogers

Shares of ProVen Growth and Income VCT Ord (LON:PGOO) last traded at 69, representing a move of 2.9851%, or 2 per share, on volume of shares. After opening the trading day at 0, shares of ProVen Growth and Income VCT Ord traded in a close range. ProVen Growth and Income VCT Ord currently has a total float of 1.44 million shares and on average sees 239 shares exchange hands each day. The stock now has a 52-week low of 0 and high of 0.

LSE: Europe’s Biggest Stock Exchange

Europe is undeniably a successful region, especially when it comes to economic prowess and influence. The UK economy has constantly been a major player in this success.

Not only does the UK boast with a compelling education system, a competent political structure, and a healthy tourism industry’ it also takes pride in excellent corporate governance that continues to shape its economy. Because of this, the country has one of the most competitive equity markets globally’ transforming not just Europe but the trade and commerce around the world.

In the UK, the main stock exchange is the London Stock Exchange (LSE) while the benchmark index is the Financial Times Stock Exchange (FTSE) 100 Index.

LSE

The LSE is Europe’s biggest stock exchange and the world’s third biggest stock exchange. It boasts with roughly 2,290 companies listed on it and an overall market capitalization of ‘6.06 trillion.

Having been formed in 1801, the LSE is also one of the world’s oldest stock exchanges. The LSE is currently operated by the LSE Group (LSEG), which was formed in October 2007 after the LSE and the Borsa Italiana had merged.

The regular trading on the LSE begins at 8:00 a.m. and concludes at 4:00 p.m.

FTSE 100

The FTSE 100 had been formed on January 3, 1984 with 1,000 points serving as a base value. It monitors the 100 biggest companies listed on the LSE based on market capitalization and with respect to free-float shares. ProVen Growth and Income VCT Ord is a stock traded on the U.K’s stock exchange.

The FTSE 100 is currently operated by a subsidiary of the LSEG, the FTSE Group. As of September, it has an overall market capitalization of about $1.70 trillion. The FTSE 100 represents about 80% of the overall market capitalization on the LSE. ProVen Growth and Income VCT Ord has relatively good liquidity.

While the FTSE 100 is a good indicator of the LSE, it is not a good indicator of the UK economy since it is mostly composed of international companies. On the other hand, the FTSE 250 is the best indicator of the UK economy’ thanks to its extensive nature and components that are mostly UK-based companies.

The components of the FTSE 100 are reviewed quarterly’ particularly on the first Wednesday following the first Friday of the months of March, June, September, and December. Components are regularly dropped and added in accordance to a certain set of criteria for inclusion.

The FTSE 100 had recorded an all-time low of 427.50 points in February 1978. Eventually, the FTSE had recorded an all-time high of 7,103.98 points in April 2015. Meanwhile, it has recorded its best intraday high of 7,129 points in October.

The LSE has been forged to become more powerful through all those 200 years of existence. It is definitely a pride of the European economy and the reasons behind the successful efforts of the UK to realize long-term growth prospects.

Investing on LSE stocks is an ideal move for investors nowadays. It is one of the best, and most rewarding ways to take advantage of the constant growth of the UK economy, as well as that of Europe. Professional analysts might be interested how this will affect ProVen Growth and Income VCT Ord.

More notable recent ProVen Growth and Income VCT Ord (LON:PGOO) news were published by: Globenewswire.com which released: “Proven Growth & Income VCT plc : Issue of Equity” on November 21, 2017, also Globenewswire.com with their article: “Proven Growth & Income VCT plc : Interim Management Statement” published on January 25, 2018, Ft.com published: “Should you invest in Britain’s ideas factory?” on July 14, 2017. More interesting news about ProVen Growth and Income VCT Ord (LON:PGOO) were released by: Globenewswire.com and their article: “Hygea VCT plc : Circular Posted and Notice of General Meeting” published on December 15, 2017 as well as Ft.com‘s news article titled: “Share swaps for VCT investors” with publication date: January 20, 2012.

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