Saipem S.p.A. (SPM) Plunges -0.77% on Dec 8

December 8, 2017 - By sdfsdfsdf

Shares of Saipem S.p.A. (BIT:SPM) last traded at 3.34, representing a move of -0.77%, or -0.03 per share, on volume of 2.19M shares. After opening the trading day at 3.37, shares of Saipem S.p.A. traded in a close range. Saipem S.p.A. currently has a total float of 1000.00 million shares and on average sees 66.14M shares exchange hands each day. The stock now has a 52-week low of 0.39 and high of 3.38.

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 Saipem 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 Saipem 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. Saipem 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 notable recent Saipem S.p.A. (BIT:SPM) news were published by: which released: “Moody’s reviews Saipem’s provisional (P)Baa3 rating for downgrade” on February 11, 2016, also with their article: “Rosneft, Saipem sign strategic cooperation agreement” published on October 19, 2017, published: “Saipem’s (SAPMY) CEO Stefano Cao on Q3 2017 Results – Earnings Call Transcript” on October 24, 2017. More interesting news about Saipem S.p.A. (BIT:SPM) were released by: and their article: “Saipem’s (SAPMY) CEO Stefano Cao on Q4 2016 Results – Earnings Call Transcript” published on February 26, 2017 as well as‘s news article titled: “AM Best Affirms Credit Ratings of Sigurd Rück AG” with publication date: December 06, 2017.

Saipem S.p.A., together with its subsidiaries, engages in the engineering, construction, procurement, and drilling businesses worldwide. The company has market cap of 3.35 billion EUR. It offers engineering, procurement, project management, construction, and drilling services primarily for the gas and oil, complex civil and marine infrastructure, and environmental markets. It currently has negative earnings. The firm offers offshore engineering and construction services and products, including platforms, pipelines, subsea field developments, and MMO activities; and creates and constructs hydrocarbon production facilities, hydrocarbon treatment facilities, and large onshore treatment and transportation systems and facilities.

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