Shares of PSB Industries (EPA:PSB) last traded at 33.8, representing a move of 0.6%, or 0.2 per share, on volume of 20,728 shares. After opening the trading day at 33.4, shares of PSB Industries traded in a close range. PSB Industries currently has a total float of 3.65M shares and on average sees 1,201 shares exchange hands each day. The stock now has a 52-week low of 25.9 and high of 37.7.
CAC 40: A Thriving European Index
Europe is undeniably home to some of the largest and fastest-growing economies in the world. That being said, it is interesting to know more about some of its pride, specifically France.
The Euronext
In an attempt to maximize and build on the economy of the European Union (EU), the Euronext was formed in 2000 when the Paris Bourse, the Brussels Stock Exchange, and the Amsterdam Stock Exchange had merged. In 2002, the Bolsa de Valores de Lisboa e Porto (BVLP) was included to the Euronext. This had led to the creation of one of the biggest consolidated stock exchanges in the world; and the rest, as they say, is all history. And now it helps PSB Industries to attract more clients.
Today, the Euronext is the pan-European stock exchange situated in Amsterdam, Brussels, Lisbon, London, and Paris. With more than 1,000 publicly traded companies within its network, the Euronext has a market capitalization of roughly €2.60 trillion as of the first quarter of 2014. The most watched indices of the Euronext include AEX, AScX, BEL 20, CAC 40, Next 150, PSI 20, among others. Investors are carefully watched changes inside PSB Industries.
The CAC 40
Euronext Paris is the primary stock exchange in France. The CAC 40, which derives its name from CotationAssistéeenContinu— a former automated trading system, is its benchmark index.
Unlike the Dow Jones Industrial Average (DJIA) in the US, which measures stocks based on price, the CAC 40 measures stocks based on free-float market capitalization and share turnover in the past year. Such has been the case since December 1, 2003. Before that, stocks had been measured based on total market valuation.
The CAC 40 is reviewed four times a year, particularly on the third Friday of every quarter-end— March, June, September, and December. The stocks of the index are capped at 15% if necessary in order to prevent index heavyweight. The Index Steering Committee ranks the top 100 companies and from there, 40 companies will be chosen to be included in the CAC 40. These represent the most significant and most active stocks not just in France but in the entire Europe as well. Consequently, the CAC 40 is a powerful economic indicator and has the ability to make or break the region’s corporate sector.
On September 4, 2000, shortly before the foundation of the Euronext, the CAC 40 had attained its all-time high of 6,922.33 with an intraday high of 6,944.77. On the other hand, the all-time low of 893.82 had been posted in January 1988.
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The regular session on Euronext Paris lasts from 6:01 a.m. until 7:59 p.m., marking one of the longest sessions worldwide. A 2% margin and a minimum of one index are required when trading. The main currency is, of course, euro. Presently, the CAC 40 is trading at the 4,000 mark, a little well below its peak 16 years ago.
The CAC 40 is truly a reflection of how the European economy has evolved through the years. PSB Industries evolved as well. With its evident success, Euronext Paris is surely one of today’s most rewarding stock exchanges to engage in.
More notable recent PSB Industries (EPA:PSB) news were published by: Natlawreview.com which released: “China’s Ministry of Public Security Releases Final Cybersecurity Plan – The National Law Review” on October 24, 2018, also Theguardian.com with their article: “Grenfell Tower’s smoke ventilation system ‘failed days before fire’ – The Guardian” published on June 05, 2018, Qz.com published: “Consolidation of public banks: Is it better for India to have bigger but fewer banks? – Quartz India” 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 Time.com‘s news article titled: “Death of Presidential Candidate Shocks Brazil – TIME” with publication date: August 13, 2014.
PSB Industries manufactures and sells packaging and specialty chemical products in France and internationally. The company has market cap of 123.42 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 1.6 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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