YOOX Net-A-Porter Group S.p.A. (YNAP) Decline -0.19% on Feb 15

February 15, 2018 - By Migdalia James

Shares of YOOX Net-A-Porter Group S.p.A. (BIT:YNAP) last traded at 37.74, representing a move of -0.19%, or -0.07 per share, on volume of 429,211 shares. After opening the trading day at 37.81, shares of YOOX Net-A-Porter Group S.p.A. traded in a close range. YOOX Net-A-Porter Group S.p.A. currently has a total float of 134.05 million shares and on average sees 945,657 shares exchange hands each day. The stock now has a 52-week low of 21.33 and high of 38.

FTSE MIB: A Growing European Index

Italy is known worldwide not just for being a country with a rich culture and heritage but most importantly, for being a nation with a competent trade and commerce conduct. It lures YOOX Net-A-Porter Group S.p.A. to its market. That being said, it is surely one of the biggest assets of the European economy.

Having been tested through the toughest of times, there is so much to learn from the economy of Italy. Through the years, Italy and its equity market in particular, has helped shape Europe as a successfully thriving region.

The Italian Equity Market

The Italian equity market dates back as early as the 1800s. The Borsa Italiana or Piazza Affari, the main Italian stock exchange, had been founded as one of the earliest European stock exchanges in February 1808 by Viceroy of the Napoleonic Kingdom of Italy Eugène de Beauharnais.

The Borsa Italiana boasts as one of the few stock exchanges with the longest trading hours. The pre-market session begins at 8:00 a.m. and ends at 9:00 a.m. The regular session immediately follows at 9:00 a.m. and ends at 5:30 p.m. There is also a post market session that begins at 6:00 p.m. and ends at 8:30 p.m. These long trading hours provide flexible opportunities for international investors to buy and sell stocks on and from the Borsa Italiana. This is one of the reasons that Italy has one of the most successful trade and commerce environments in the world. Many investors are looking for reliable companies like YOOX Net-A-Porter Group S.p.A. there.

The FTSE Milano Italia Borsa (MIB) is the free-float market-capitalization-weighted index that monitors the 40 most actively traded stocks on the Borsa Italiana. Until June 2009 when the FTSE had started operating the FTSE MIB, the S&P had operated it as the S&P/MIB.

Roughly 80% of the overall market valuation on the Borsa Italiana is included in the FTSE MIB, making it a significant economic indicator not just in Italy but in the entire European region. The FTSE MIB is rebalanced four times a year in order to maintain clear representation of the national economy. YOOX Net-A-Porter Group S.p.A. stocks are carefully checked by professionals.

Milestones through the Years

The Borsa Italiana had always been operated as a public entity until it was privatized in 1998. The London Stock Exchange Group had then bought it in an all-stock transaction in 2007, consolidating the Borsa Italiana and the London Stock Exchange.

Hundreds of years after its foundation, the Borsa Italiana now has an overall market valuation of about $650 billion with over 340 stocks listed on it.

Meanwhile, the FTSE MIB had posted its all-time high of 50,108.56 points in March 2000; and its all-time low of 12,362.50 points in July 2012. The meltdown in 2012 is widely attributed to the financial crisis in Spain, which had affected other European nations; and to the heightened borrowing costs in Europe.

Investing on Borsa Italiana stocks is ideal today not just for domestic investors but also for international investors. Evidently, many investors are flocking the Italian equity market to take advantage of a compelling borrowing environment.

More recent YOOX Net-A-Porter Group S.p.A. (BIT:YNAP) news were published by: Businesswire.com which released: “YOOX NET-A-PORTER GROUP and IBM Forge a Game-Changing Partnership to Create …” on March 07, 2016. Also Reuters.com published the news titled: “Yoox Net-a-Porter CEO dreams of selling Ferraris online one day” on August 02, 2017. Reuters.com‘s news article titled: “Italy’s Yoox Net-A-Porter enters Middle East online luxury venture” with publication date: November 28, 2016 was also an interesting one.

YOOX Net-A-Porter Group S.p.A., together with its subsidiaries, operates as an online luxury fashion retailer. The company has market cap of 5.06 billion EUR. It operates NET-A-PORTER.COM, an online editorial content and luxury e-commerce platform that offers fashion and beauty brands; MR PORTER.COM, an online store, which provides clothing, accessories, watches, and beauty articles for men; THECORNER.COM, an online luxury boutique for men and women; and SHOESCRIBE.COM, an online store that provides women's footwear. It has a 145.15 P/E ratio. The firm also operates YOOX.COM, an online store that offers clothing and accessories, collection capsules, fashion products, design objects, original books, and a collection of article works; and THE OUTNET.COM, an online fashion outlet, which provides designers products.

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