COFIDE (COF) Jumped 0.09% on Nov 15

November 15, 2017 - By Migdalia James

Shares of COFIDE (BIT:COF) last traded at 0.535, representing a move of 0.09%, or 0.001 per share, on volume of 72,252 shares. After opening the trading day at 0.53, shares of COFIDE traded in a close range. COFIDE currently has a total float of 706.87M shares and on average sees 276,760 shares exchange hands each day. The stock now has a 52-week low of 0.35 and high of 0.72.

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 COFIDE 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 COFIDE 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 COFIDE 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 COFIDE. 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 news for COFIDE (BIT:COF) were recently published by: Marketwatch.com, which released: “COFIDE revokes Loan Mandate with Minera IRL due to a shift in strategy” on March 11, 2017. Marketwired.com‘s article titled: “Minera IRL provides arbitration update and reports legal proceedings against …” and published on October 04, 2017 is yet another important article.

Cofide Gruppo de Benedetti SpA is an Italy holding firm primarily engaged in various activities through its five sectors. The company has market cap of 384.78 million EUR. In the Energy sector, the Company is active in the generation of electrical power and distribution of natural gas. It currently has negative earnings. In the Media sector, it is involved in the publishing, radio, television and Internet portals operation.

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