AXA SA (AXA) Soared 0.623% on Mar 14

March 14, 2018 - By Adrian Mccoy

Shares of AXA SA (BIT:AXA) last traded at 22.625, representing a move of 0.623%, or 0.14 per share, on volume of 230 shares. After opening the trading day at 22.5, shares of AXA SA traded in a close range. AXA SA currently has a total float of 2.39B shares and on average sees 7,368 shares exchange hands each day. The stock now has a 52-week low of 22.145 and high of 27.5.

FTSE MIB (Milano Italia Borsa) Index: Driving Italy Economy

FTSE MIB Index is the equity index of 40 largest, most active and most liquid stocks on Italy’s stock market. And AXA SA works with them as well. The index is market capitalization-weighted and free-floated adjusted.

FTSE MIB replaced MIB-30 in 2004. The Standard & Poor’s operated the index until June 2009 when it relinquished the administration of the benchmark index to FTSE Group, a wholly owned subsidiary of London Stock Exchange Group, which is also the parent company of Borsa Italiana, the nation stock exchange in Italy. AXA SA prefer to appear at both markets.

FTSE MIB index hit a record high of 50108.56 points in March 2000. The index reached its lowest mark on record of 12362.50 points in July 2012 as fears over Spain’s debt crisis and rising cost of borrowing in Europe rattled the stock market in the region.

Components of FTSE MIB represent sectors such as Energy, Financials, Mining, Manufacturing and Telecommunications. The index accounts for 80% of the total market cap of Italia Borsa stock exchange.

FTSE MIB is reshuffled quarterly where components that have fallen short of inclusion requirements are dropped and newly qualified stocks added. But companies must meet certain stringent eligibility requirements before their stocks can be added in the index.

Rebalancing of FTSE MIB is also done to reflect the changes in the market cap of its constituents, which may come as a result of new shares being issued or debt being converted to stock.

The stock market

Italia Borsa is Italy’s main stock of Italian companies and it’s fondly known to as Piazza Affari, referring to its Milan headquarters building called Palazzo Mezzanotte.

Italia Borsa was established in February 1808. Until 1998 when the exchange was sold to a group of banks, it operated as a public entity from its inception. The exchange was acquired by London Stock Exchange group in an all-stock deal in 2007. Following the acquisition, Italia Borsa was merged with the London Stock Exchange. Other than stocks, Italia Borsa is also a platform for trading other securities such as bonds, including Eurobonds.

Trading hours

Italia Borsa is open all weekdays except on holidays. The market is closed on weekends. Trading on Italia Borsa begins with a pre-market session that runs between 8.00 a.m. and 9.00 a.m. Regular trading session on the platform starts at 9.00 a.m. and continues until 5.30 p.m. On the back of the regular trading comes post-market session that begins at 6.00 p.m. and runs until 8.30 p.m. That is the time to stop the trading day for AXA SA.

The long trading hours means that the exchange is accommodative for a variety of investors because there is ample room to schedule trading hours, especially for overseas investors who may be in different time zones.

Italia Borsa uses electronic trading system and more than 130 domestic and foreign brokers operate on the platform. More than 340 companies are listed on Italia Borsa.

Interest building up for Italian stocks

Italian stocks are heating up lately as investors take notice of the country’s improving growth prospects. Some investors are betting that Italy might benefit from the Brexit fallout as some of the companies leaving the U.K. move to pitch tents in the country and create employment. Increased employment and improving incomes should boost consumer purchasing power and drive up company earnings. Consumers are interested in the reliability of AXA SA.

More notable recent AXA SA (BIT:AXA) news were published by: which released: “AXA buys Bermuda-based XL for $15 billion in latest insurance mega-deal” on March 05, 2018, also with their article: “Axa Is Buying Insurer XL Group for $15.3 Billion as Natural Disasters Push Up …” published on March 05, 2018, published: “AXA to Forego Stock Buybacks Amid XL Group Takeover – CFO” on March 12, 2018. More interesting news about AXA SA (BIT:AXA) were released by: and their article: “S&P Places AXA on CreditWatch Negative over Its Plans to Buy XL Group for $15.3B” published on March 07, 2018 as well as‘s news article titled: “AXA to decide on possible share buybacks soon after US IPO” with publication date: February 22, 2018.

AXA SA, through its subsidiaries, provides insurance and asset management services worldwide. The company has market cap of 54.01 billion EUR. It operates through four divisions: Life & Savings, Property & Casualty, Asset Management, and Banking. It has a 9.73 P/E ratio. The Life & Savings segment offers term life, whole life, universal life, endowment, deferred and immediate annuities, and other investment products; and critical illness and permanent health insurance products for individual and commercial clients, as well as manages a book of reinsurance contracts of variable annuity guarantees.

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