Bushveld Minerals Limited (BMN) Is Yet to See Trading Action on Jan 28
| Date: Jan 29, 2018 |
| Shares of Bushveld Minerals Limited (LON:BMN) closed at 8.5 yesterday. Bushveld Minerals Limited currently has a total float of 8.20 million shares and on average sees 2.48 million shares exchange hands each day. The stock now has a 52-week low of 2.42 and high of 10.92.
FTSE 100 Index: Driving The U.K. The Financial Times Stock Exchange 100 Index (FTSE 100 Index) or FTSE 100 for short, is the benchmark index of the top 100 largest and most liquid stocks on the London Stock Exchange (LSE). As such, the index is market capitalization-weighted and free-float adjusted. FTSE 100 is operated by FTSE Group, a unit of London Stock Exchange Group. A large component of the index is made up of foreign companies listed on LSE. So while the index tracks the LSE’s blue-chip stocks, it is considered a weak representation of the U.K.’s economy because of its large foreign constituency. For investors interested in tracking the health of the U.K. economy, the FTSE 250 is a better guide because it is dominated by domestic U.K. companies. Components of FTSE 100 make up more than 80% of LSE’s entire market capitalization and that partly explains why it is a widely used gauge of the U.K.’s stock market. However, a more comprehensive indicator is the FTSE All-Share Index, which is broader as it aggregates FTSE 100, FTSE 250 and other small-cap stocks on the LSE. Rebalancing of the index The FTSE 100 is reshuffled quarterly. The Rebalancing of the index takes into account the changes in the market capitalization of its constituents such as after a rights issue or a large debt-to-equity swap. Components of FTSE 100 represent a variety of sectors in the U.K. economy such as Financials, Industrials, Technology and Energy. Bushveld Minerals Limited is a stock traded on the U.K’s stock exchange. Historic marks FTSE 100 Index dipped to a lifetime low of 427.50 points in February 1978, but steadily recovered from the trough. The index notched a lifetime high of 7103.98 points in April 2015 amid speculation that the Conservative Part would win the U.K. general election in May of the same year. The index’s earlier record high was reached in 1999 during the so-called dot-com bubble. Bushveld Minerals Limited has relatively good liquidity. |
