Shares of SERCO GROUP PLC LS-,02 (FRA:SEO) closed at 1.093 yesterday. SERCO GROUP PLC LS-,02 currently has a total float of shares and on average sees 3 shares exchange hands each day. The stock now has a 52-week low of 0.958 and high of 1.202.
What Makes The German Commerce?
With Germany being considered by the World Trade Organization (WTO) as the biggest exporter of goods worldwide, it is no longer surprising why the German Stock Exchange is one of the most important stock exchanges that make or break global commerce. Companies like SERCO GROUP PLC LS-,02 enjoy to be the part of German stock exchange.
German Stock Exchange
The German Stock Exchange consists of eight stock exchanges located throughout Germany. SERCO GROUP PLC LS-,02 were included in one of its units as well. The biggest component of the German Stock Exchange is the Frankfurt Stock Exchange or the FWB Frankfurter Wertpapierbörse, which is owned and operated by Deutsche Börse in Frankfurt. These companies listed on the Frankfurt Stock Exchange alone represent 80% of the overall market capitalization in Germany.
The second largest component of the German Stock Exchange is the Stuttgart Stock Exchange or the Börse Stuttgart. Most financial companies are listed here.
Other major components of the German Stock Exchange include the Börse Berlin-Bremen, the BÖAG Börsen AG, and the Hamburg Stock Exchange or the Hamburger Börse.
The Börse Berlin-Bremen, which is located in Berlin-Charlottenburg, was established in 2003 from the union of the Berlin Stock Exchange and the Börse Bremen.
Meanwhile, the BÖAG Börsen AG, which oversees trade in Hamburg and Hanover, was established in 1999 from the union of the Hamburg Stock Exchange and the Hanover Stock Exchange.
Benchmark Index
The major index on the Frankfurt Stock Exchange is the German Stock Index, commonly known as Deutsche Aktien Xchange 30 (DAX 30), which is the benchmark equity market index in the country.
DAX 30 tracks the top 30 companies in terms of market capitalization listed on the Frankfurt Stock Exchange. Consequently, DAX 30 is a vital indicator of the health of the German economy and investor sentiment as well. Many investors are interested in such DAX companies as SERCO GROUP PLC LS-,02.
The companies tracked by DAX 30 are capped at 10% weight in order to meet its provisions. This also prevents index heavyweight that might result from mergers and acquisitions (M&As).
DAX 30 has two versions: 1) performance index, which is usually quoted; and 2) price index, which is similar to indices quoted in other countries.
The index has a base value of 1,000 since December 1987. DAX 30 indices are calculated using XETRA since June 1999. Since 2006, they are being calculated after every second.
The movement on DAX 30 is in 0.50 increments. The margin requirement among most brokers is 2% while the minimum trade size is one index.
DAX 30 had its longest period of glory days around 2003 to 2007. During that time, it had peaked at €8,105.69. However, after the Global Financial Crisis of 2008, DAX 30 had hit €3,580.
Being able to fully recover from the repercussions of the turmoil in the earlier decade, DAX 30 had recorded its all-time high in September 2013 at €8,736.
The performance index, on the other hand, had hit the 12,000 mark in March 2015. DAX 30 had attained its all-time high a month later at 12,374.73 after reaching an intraday high of 12,390.75. Its all-time low had been posted in November 1974 at 372.30.
Because of the world-renowned success of the DAX 30, more and more investors are betting on the German equity market. They pay close attention to SERCO GROUP PLC LS-,02 shares. Existing investors have long been enjoying meaningful returns.
More notable recent SERCO GROUP PLC LS-,02 (FRA:SEO) news were published by: Forbes.com which released: “A Foodie’s Guide To Marrakech’s Best Restaurants – Forbes” on April 27, 2017, also Theguardian.com with their article: “Ryanair drops out of top Google flight search results after website overhaul – The Guardian” published on April 17, 2014, Usatoday.com published: “South Korea’s renaissance: From ruins of Korean War to hosting ‘Peace Olympics’ – USA TODAY” on February 08, 2018. More interesting news about SERCO GROUP PLC LS-,02 (FRA:SEO) were released by: Usatoday.com and their article: “Brennan: My top 5 Olympic opening ceremony moments – USA TODAY” published on February 09, 2018 as well as Nytimes.com‘s news article titled: “A Night Out With North Korea’s Cheerleaders: Matching Snowsuits, Military Discipline and Chaperoned Bathroom Trips – The New York Times” with publication date: February 12, 2018.
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