HSS Hire Group plc (HSS) Increases 0.7082% on Feb 27

February 27, 2018 - By Peter Erickson

Shares of HSS Hire Group plc (LON:HSS) last traded at 26.3352, representing a move of 0.7082%, or 0.1852 per share, on volume of 62,286 shares. After opening the trading day at 25.964, shares of HSS Hire Group plc traded in a close range. HSS Hire Group plc currently has a total float of 1.70M shares and on average sees 171,401 shares exchange hands each day. The stock now has a 52-week low of 20 and high of 74.5.

FTSE 100 Index: Driving The U.K.

The Financial Times Stock Exchange 100 Index (FTSE 100 Index) or FTSE 100 for short, is the benchmark index of the top 100 largest and most liquid stocks on the London Stock Exchange (LSE). As such, the index is market capitalization-weighted and free-float adjusted. FTSE 100 is operated by FTSE Group, a unit of London Stock Exchange Group.

A large component of the index is made up of foreign companies listed on LSE. So while the index tracks the LSE’s blue-chip stocks, it is considered a weak representation of the U.K.’s economy because of its large foreign constituency.

For investors interested in tracking the health of the U.K. economy, the FTSE 250 is a better guide because it is dominated by domestic U.K. companies.

Components of FTSE 100 make up more than 80% of LSE’s entire market capitalization and that partly explains why it is a widely used gauge of the U.K.’s stock market. However, a more comprehensive indicator is the FTSE All-Share Index, which is broader as it aggregates FTSE 100, FTSE 250 and other small-cap stocks on the LSE.

Rebalancing of the index

The FTSE 100 is reshuffled quarterly. The Rebalancing of the index takes into account the changes in the market capitalization of its constituents such as after a rights issue or a large debt-to-equity swap. Components of FTSE 100 represent a variety of sectors in the U.K. economy such as Financials, Industrials, Technology and Energy. HSS Hire Group plc is a stock traded on the U.K’s stock exchange.

Historic marks

FTSE 100 Index dipped to a lifetime low of 427.50 points in February 1978, but steadily recovered from the trough. The index notched a lifetime high of 7103.98 points in April 2015 amid speculation that the Conservative Part would win the U.K. general election in May of the same year. The index’s earlier record high was reached in 1999 during the so-called dot-com bubble. HSS Hire Group plc has relatively good liquidity.

The stock market

The LSE is the main stock exchange in the U.K. and one of the largest in the world. The exchange was established in 1801, making it one of the world’s oldest stock markets. The LSE is also a platform for companies to raise capital for expansion.

The exchange has an SME focused platform called the Alternative Investment Market (AIM). It also operates the Depository Receipt (DR) platform for trading shares of foreign companies based outside the European Union.

A variety of securities are traded on LSE. These include equities, bonds, ETFs and a broad line of other derivatives.

Opening hours

The LSE platform opens for trading at 8 a.m. and closes at 4 p.m. But there are pre-market and post-market sessions that open early and close late. The exchange operates all weekday except on holidays declared in advance. The market is closed on weekends.

The LSE is owned by the London Stock Exchange Group, which also owns several other exchanges across Europe and the FTSE 100 Index.

U.K. stocks drawing more investors

Though Brexit has shaken several businesses and economies in the Eurozone and beyond, U.K. companies continue to see investor interest in their stocks thanks in part to the country’s strong regulations and corporate transparency.

Prospects of the U.K. avoiding hard Brexit are also strengthening retail investor hopes that the country’s economy would escape recession after it leaves the European Union. Professional analysts might be interested how this will affect HSS Hire Group plc.

More important recent HSS Hire Group plc (LON:HSS) news were published by: Ft.com which released: “Tool hire group HSS issues another profit warning” on August 30, 2017, also Ft.com published article titled: “Losses grow at HSS Hire”, Ft.com published: “HSS appoints second new CEO in two years” on May 22, 2017. More interesting news about HSS Hire Group plc (LON:HSS) was released by: Ft.com and their article: “HSS Hire shows improvement, but remains in loss” with publication date: August 31, 2016.

HSS Hire Group plc offers tool and equipment hire, and related services in the United Kingdom and the Republic of Ireland. The company has market cap of 44.82 million GBP. It operates through HSS Core and HSS Specialist divisions. It currently has negative earnings. The firm provides tools, equipment, and hire-related services to businesses, and trade and DIY customers; supplies, fits, manages, and services diesel generators for power generation needs; provides cleaning equipment solutions for contract cleaners; and supplies specialist support for powered access equipment, including scissor lifts, telehandlers, and propelled booms.

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