Societa Cattolica di Assicurazione (CASS) Soars 0.17% on Nov 15

November 15, 2017 - By Darrin Black

Shares of Societa Cattolica di Assicurazione (BIT:CASS) last traded at 9.04, representing a move of 0.17%, or 0.02 per share, on volume of 257,083 shares. After opening the trading day at 8.99, shares of Societa Cattolica di Assicurazione traded in a close range. Societa Cattolica di Assicurazione currently has a total float of 167.83 million shares and on average sees 1.79M shares exchange hands each day. The stock now has a 52-week low of 5.15 and high of 9.6.

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 Societa Cattolica di Assicurazione 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 Societa Cattolica di Assicurazione 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 Societa Cattolica di Assicurazione 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 Societa Cattolica di Assicurazione. 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.

Another recent and important Societa Cattolica di Assicurazione (BIT:CASS) news was published by Insurancejournal.com which published an article titled: “Buffett’s Berkshire to Buy 9% Stake in Italian Insurer Cattolica” on October 06, 2017.

Societa Cattolica di Assicurazione Sc is an Italy firm primarily engaged in financial sector. The company has market cap of 1.58 billion EUR. It provides insurance products. It has a 25.1 P/E ratio. The Company’s activities are divided into three divisions: Life, Non-Life and Other.

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