Eni SpA (ENI) Dips -2.12% on Nov 15

November 15, 2017 - By Clifton Ray

Shares of Eni SpA (BIT:ENI) last traded at 13.84, representing a move of -2.12%, or -0.3 per share, on volume of 10.53 million shares. After opening the trading day at 14.05, shares of Eni SpA traded in a close range. Eni SpA currently has a total float of 3.60 billion shares and on average sees 12.87M shares exchange hands each day. The stock now has a 52-week low of 12.26 and high of 15.92.

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 Eni SpA 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 Eni SpA 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 Eni SpA 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 Eni SpA. 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.

More notable recent Eni SpA (BIT:ENI) news were published by: Bloomberg.com which released: “Eni’s Giant Gas Field Prompting Egypt to End Imports” on November 14, 2017, also Bloomberg.com with their article: “Italy Is Said to Mull Sale of Eni Stake to State-Owned CDP” published on November 06, 2017, Zacks.com published: “Eni Inks Exploration Agreement for Block 52, Offshore Oman” on November 15, 2017. More interesting news about Eni SpA (BIT:ENI) were released by: Foxbusiness.com and their article: “Centrica, Eni Partner to Offer Connected-Home Products in Italy” published on November 14, 2017 as well as Bloomberg.com‘s news article titled: “Eni CEO Dismisses Dalio’s Big Short, Saying It’s No ‘Big Issue'” with publication date: October 18, 2017.

Eni SpA is an Italy-based company engaged in the exploration, development and production of hydrocarbons, in the supply and marketing of gas, liquefied natural gas (LNG) and power, in the refining and marketing of petroleum products, in the production and marketing of basic petrochemicals, plastics and elastomers and in commodity trading. The company has market cap of 50.30 billion EUR. The Company’s divisions include Exploration & Production, Gas & Power, and Refining & Marketing. It has a 29.92 P/E ratio. The Company’s Exploration & Production segment engages in oil and natural gas exploration and field development and production, as well as LNG activities in over 40 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Venezuela, Iraq, Ghana and Mozambique.

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