Renault SA (RNO) Rise 1.47% on Feb 15

February 15, 2018 - By Ellis Scott

Shares of Renault SA (BIT:RNO) last traded at 87.26, representing a move of 1.47%, or 1.26 per share, on volume of 607 shares. After opening the trading day at 86.42, shares of Renault SA traded in a close range. Renault SA currently has a total float of 271.66M shares and on average sees 322 shares exchange hands each day. The stock now has a 52-week low of 73.9 and high of 91.6.

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 Renault SA 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 Renault SA 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. Renault SA 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 important recent Renault SA (BIT:RNO) news were published by: Ft.com which released: “Renault chief performance officer Stefan Mueller to leave” on February 14, 2018, also Reuters.com published article titled: “Renault to name finance executives Fleuriot, Derez to board: sources”, Reuters.com published: “Renault board member quits ahead of CEO succession meeting” on February 11, 2018. More interesting news about Renault SA (BIT:RNO) was released by: Reuters.com and their article: “Exclusive: Renault’s Mueller quits, clearing CEO succession path – sources” with publication date: February 09, 2018.

Renault SA produces, sells, and distributes vehicles worldwide. The company has market cap of 23.71 billion EUR. It operates through Automotive and Sales Financing divisions. It has a 5.56 P/E ratio. The firm primarily offers passenger and light commercial vehicles under the Renault, Dacia, and Renault Samsung Motors brands.

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