Shares of PSB Industries (EPA:PSB) last traded at 32.1, representing a move of 3.55%, or 1.1 per share, on volume of 390 shares. After opening the trading day at 31.7, shares of PSB Industries traded in a close range. PSB Industries currently has a total float of 3.65 million shares and on average sees 1,523 shares exchange hands each day. The stock now has a 52-week low of 25.9 and high of 53.
Euronext Paris: Driving France’s Economic Prospects
France is one of Europe’s pride not just in the tourism front but most importantly, in the corporate world. One of the main reasons that Europe is immensely growing as an economy today is France. Its trading relations with PSB Industries and other companies help both sides to grow further. The nation’s economic potentials cannot be undermined especially when they reflect in its own stable equity market.
Euronext Paris in History
Euronext Paris is part of a broader, pan-European stock exchange that stretches in five of the biggest European cities that include Paris, London, Lisbon, Brussels, and Amsterdam— the Euronext. It works with PSB Industries as well. Some of the main Euronext indices include the AEX, AScX, CAC 40, Next 150, among others.
The Amsterdam Stock Exchange, the Brussels Stock Exchange, and the Paris Bourse had joined together on September 22, 2000, forming the first pan-European stock exchange. Two years later, the Bolsa de Valores de Lisboa e Porto (BVLP) had joined the Euronext. The foundation of a bigger, consolidated European stock exchange signifies the efforts of the European Union (EU) to maximize its resources and leverage better growth opportunities. Nearly two decades later and the Euronext continues to live up to its founding principle and mission— to drive the European economy towards meaningful success.
The CAC 40 is the free-float market capitalization-weighted index tracking the top 40 stocks on Euronext Paris. It represents a crucial aspect of the French economy as well as that of the European economy. PSB Industries had to prove its reliability to appear at the market.
Prior to becoming a free-float market capitalization-weighted index on December 1, 2003, the CAC 40 had used to measure stocks based on overall market capitalization. Its name comes from an old automated trading system on the Euronext, CotationAssistéeenContinu.
The Index Steering Committee reviews the components of the CAC 40 every third Friday of March, June, September, and December. During these review dates, the Index Steering Committee limits the weights of each stock at 15%. The top 100 companies in terms of 12-month free-float market capitalization and share turnover are determined every quarter. From these 100 companies, the 40 most significant components are selected to make up the CAC 40.
Euronext Paris by the Numbers
As of the first quarter of 2014, the Euronext already had nearly €3 trillion of market capitalization with more than 1,000 companies.
The CAC 40 had reached an all-time high of nearly 7,000 on September 4, 2000, a few days before the establishment of the Euronext. Meanwhile, it had posted an all-time low of below 900 in January 1988.
The movement on Euronext Paris is in increments of 0.50. Stocks are weighted quarterly using a base value of 1,000, which was determined on December 31, 1987.
The margin requirement is usually 2% while the minimum trade size requirement is one index. As part of the EU, the main trading currency on Euronext Paris is euro.
Euronext Paris is one of the most influential stock exchanges not just in Europe but in the world as well. It boasts with stability and strong, long-term growth prospects. That being said, investing in Euronext Paris is a primary consideration among novice and experienced investors alike. Investors may be interested in PSB Industries stocks.
More notable recent PSB Industries (EPA:PSB) news were published by: Theguardian.com which released: “Grenfell Tower’s smoke ventilation system ‘failed days before fire’ – The Guardian” on June 05, 2018, also Natlawreview.com with their article: “China’s Ministry of Public Security Releases Final Cybersecurity Plan – The National Law Review” published on October 24, 2018, Qz.com published: “Consolidation of public banks: Is it better for India to have bigger but fewer banks? – Quartz” on June 20, 2017. More interesting news about PSB Industries (EPA:PSB) were released by: Usatoday.com and their article: “Poll: Majority of people believe SCOTUS is split into parties – USA TODAY” published on March 17, 2017 as well as Seekingalpha.com‘s news article titled: “Is It Time To Board The Hannon Armstrong Train? – Seeking Alpha” with publication date: February 23, 2018.
PSB Industries manufactures and sells packaging and specialty chemical products in France and internationally. The company has market cap of 117.01 million EUR. The firm develops, industrializes, and produces plastic packaging products, including caps and closures, mascaras, lip glosses, jars, compacts, high-end surface treatments, etc. for the beauty and spirit markets; and provides plastic packaging solutions to the food and retail markets, such as food trays, blister packs, thermoformed packaging, and clamshells. It has a 1.84 P/E ratio. It also offers plastic packages as primary and secondary parts comprising technical parts, bioabsorbable screws, catheters, orthopedic joints, closures, blister packs, trays, wedging materials, etc. for the healthcare and hygiene markets; and produces ultra-pure alumina powders and formulations, as well as other fine oxides and composites, such as spinel, ZTA, YAG, and ceria for technical ceramics, precision polishing, crystals, and additives/coatings applications.
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