Lyxor South Afr (AFS) Soared 4.593% on Feb 15

February 15, 2018 - By Linda Rogers

Shares of Lyxor South Afr (EPA:FTSEJSE Top40 ETF CEUR) last traded at 39.555, representing a move of 4.593%, or 1.737 per share, on volume of 262 shares. After opening the trading day at 38.568, shares of Lyxor South Afr traded in a close range. Lyxor South Afr currently has a total float of 882,063 shares and on average sees 7,171 shares exchange hands each day. The stock now has a 52-week low of 31.97 and high of 40.43.

CAC 40: A Thriving European Index

Europe is undeniably home to some of the largest and fastest-growing economies in the world. That being said, it is interesting to know more about some of its pride, specifically France.

The Euronext

In an attempt to maximize and build on the economy of the European Union (EU), the Euronext was formed in 2000 when the Paris Bourse, the Brussels Stock Exchange, and the Amsterdam Stock Exchange had merged. In 2002, the Bolsa de Valores de Lisboa e Porto (BVLP) was included to the Euronext. This had led to the creation of one of the biggest consolidated stock exchanges in the world; and the rest, as they say, is all history. And now it helps Lyxor South Afr to attract more clients.

Today, the Euronext is the pan-European stock exchange situated in Amsterdam, Brussels, Lisbon, London, and Paris. With more than 1,000 publicly traded companies within its network, the Euronext has a market capitalization of roughly €2.60 trillion as of the first quarter of 2014. The most watched indices of the Euronext include AEX, AScX, BEL 20, CAC 40, Next 150, PSI 20, among others. Investors are carefully watched changes inside Lyxor South Afr.

The CAC 40

Euronext Paris is the primary stock exchange in France. The CAC 40, which derives its name from CotationAssistéeenContinu— a former automated trading system, is its benchmark index.

Unlike the Dow Jones Industrial Average (DJIA) in the US, which measures stocks based on price, the CAC 40 measures stocks based on free-float market capitalization and share turnover in the past year. Such has been the case since December 1, 2003. Before that, stocks had been measured based on total market valuation.

The CAC 40 is reviewed four times a year, particularly on the third Friday of every quarter-end— March, June, September, and December. The stocks of the index are capped at 15% if necessary in order to prevent index heavyweight. The Index Steering Committee ranks the top 100 companies and from there, 40 companies will be chosen to be included in the CAC 40. These represent the most significant and most active stocks not just in France but in the entire Europe as well. Consequently, the CAC 40 is a powerful economic indicator and has the ability to make or break the region’s corporate sector.

On September 4, 2000, shortly before the foundation of the Euronext, the CAC 40 had attained its all-time high of 6,922.33 with an intraday high of 6,944.77. On the other hand, the all-time low of 893.82 had been posted in January 1988.

The regular session on Euronext Paris lasts from 6:01 a.m. until 7:59 p.m., marking one of the longest sessions worldwide. A 2% margin and a minimum of one index are required when trading. The main currency is, of course, euro. Presently, the CAC 40 is trading at the 4,000 mark, a little well below its peak 16 years ago.

The CAC 40 is truly a reflection of how the European economy has evolved through the years. Lyxor South Afr evolved as well. With its evident success, Euronext Paris is surely one of today’s most rewarding stock exchanges to engage in.

More notable recent Lyxor South Afr (EPA:FTSEJSE Top40 ETF CEUR) news were published by: Seekingalpha.com which released: “South Africa: Private Sector Credit Growth Adds 5.71% YoY For July 2017 To The …” on August 30, 2017, also Seekingalpha.com with their article: “South Africa ETF Is A Buy!” published on January 20, 2017, Ft.com published: “Movers & shakers: August 14” on August 13, 2017. More interesting news about Lyxor South Afr (EPA:FTSEJSE Top40 ETF CEUR) were released by: Ft.com and their article: “BlackRock and Vanguard crush smaller ETF rivals” published on January 26, 2017 as well as Ft.com‘s news article titled: “ETF providers hope Mifid II will spur European growth” with publication date: January 03, 2018.

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