Bayer Aktiengesellschaft (BAY) Plunged -0.45% on Feb 23

February 23, 2018 - By Adrian Erickson

Shares of Bayer Aktiengesellschaft (BIT:BAY) last traded at 97.71, representing a move of -0.45%, or -0.44 per share, on volume of 3,017 shares. After opening the trading day at 98, shares of Bayer Aktiengesellschaft traded in a close range. Bayer Aktiengesellschaft currently has a total float of 829.56M shares and on average sees 2,338 shares exchange hands each day. The stock now has a 52-week low of 97.7 and high of 123.8.

What Makes Up the Italian Economy

Italy is prominent worldwide for a lot of things, especially for its tourism industry. What most people don’t know is that Italy is also home to one of the world’s most successful economies backed by a rich history worth learning about and betting on. The history of Bayer Aktiengesellschaft is deeply connected with this market.

It is not unknown to many that the European economy is one of the fastest-growing economies worldwide— thanks to its healthy trade and commerce environment brought about by the individual and collective successes of its nations such as Italy. Without countries like Italy, it is simply impossible for Europe to boast with firm stability and strong influence all over the world.

The Stock Exchange

Formed by Eugène Beauharnais, Viceroy of Napoleonic Kingdom of Italy, in February 1808 to serve as the main stock exchange in Italy, the Borsa Italiana or Italia Borsa or Piazza Affari is one of the first stock exchanges in Europe. Based in Milan, it had been operated by the government until 1998.

Nearly a decade after the privatization of the Borsa Italiana, the London Stock Exchange Group had acquired it in 2007 in an all-stock deal. As a result, it had consolidated with the London Stock Exchange.

The pre-market trading on the Borsa Italiana opens at 8:00 a.m. and closes at 9:00 a.m. It is immediately followed by the regular trading, which opens at 9:00 a.m. and closes at 5:30 p.m. Lastly, the post-market trading opens at 6:00 p.m. and closes at 8:30 p.m. Needless to say, Italy is home to one of the world’s longest trading hours. This is in consideration of investors around the world with different time zones, providing them with convenient windows to trade on the Borsa Italiana.

With more than 340 stocks listed on the Borsa Italiana today, it has an overall market capitalization of nearly $650 billion. Stocks of Bayer Aktiengesellschaft are listed inside Borsa Italiana.

The Index

The FTSE Milano Italia Borsa (MIB) is the benchmark Italian index that tracks the top 40 stocks listed on the Borsa Italiana. It had always been known as the S&P/MIB because the S&P oversaw its operation. However, in June 2009, the FTSE had taken over it.

The FTSE MIB accounts for about 80% of the overall market capitalization on the Borsa Italiana, which is why it plays an important role in the Italian economy. Its components are classified into various sectors such as Energy, Manufacturing, Telecommunications, among others.

In March 2000, the FTSE MIB had reached its all-time high of 50,108.56 points. This is also its best intraday high ever.

With the sudden increase in borrowing rates in Europe, the FTSE MIB had reached its all-time low of 12,362.50 in July 2012.

Investors are strongly urged to bet on the growing European economy today; and the best way to do so is to invest on competitive stocks listed on European stock exchanges such as the Borsa Italiana. Investors can pick companies like Bayer Aktiengesellschaft right from the market. It goes without saying that investing in Italy will yield valuable returns in the long run.

More important recent Bayer Aktiengesellschaft (BIT:BAY) news were published by: which released: “Bayer Announces Publication of Larotrectinib Data in The New England Journal …” on February 21, 2018, also published article titled: “Perrigo shares decline 1% on news of Bayer lawsuit over generic rosacea product”, published: “Russia’s anti-monopoly agency says it faces Bayer lawsuit over Monsanto deal” on February 13, 2018. More interesting news about Bayer Aktiengesellschaft (BIT:BAY) was released by: and their article: “EU says Bayer Monsanto must not hurt competition in digital farming: paper” with publication date: February 10, 2018.

Bayer Aktiengesellschaft operates as a life science firm worldwide. The company has market cap of 81.06 billion EUR. The firm operates through Pharmaceuticals, Consumer Health, Crop Science, Animal Health, and Covestro divisions. It has a 11.08 P/E ratio. The Pharmaceuticals segment offers prescription products primarily for cardiology and women's health care; specialty therapeutics in the areas of oncology, hematology, and ophthalmology; and diagnostic imaging equipment and contrast agents.

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