BCE Inc. (BCE) Decline -0.46% on Jan 10

January 10, 2018 - By Adrian Erickson

Shares of BCE Inc. (TSE:BCE) last traded at 58.3, representing a move of -0.46%, or -0.27 per share, on volume of 637,334 shares. After opening the trading day at 58.51, shares of BCE Inc. traded in a close range. BCE Inc. currently has a total float of 900.66 million shares and on average sees 1.16M shares exchange hands each day. The stock now has a 52-week low of 57.2 and high of 63.

What Drives The Canadian Economy?

Canada is an important aspect of the North American economy. While the US is relatively bigger, it still has interesting potentials to drive economic growth in the region.
With a thriving equity market, any nation has the capacity to carry out long-term prospects. In Canada, for example, there is the Toronto Stock Exchange (TSX). The benchmark index is the S&P/TSX Composite Index, replacing the TSE 300 Index.

Facts About the S&P/TSX Composite Index

The S&P/TSX Composite Index is a free-float market-capitalization-weighted index like most leading indices in the world. This means that its components are the most actively traded stocks on the TSX, excluding those that are held by inside traders, venture capitalists, and government entities. Stocks held by these stakeholders are not frequently traded, which is why it is useless to include them on indices. BCE Inc. is one of the stocks traded on it.

The S&P/TSX Composite Index had recorded its all-time high of 15,657.63 in September 2014, thanks to the gains in crude oil prices that primarily led the surge in the Energy and Financials sectors’ the two biggest sectors on the weighted index. Meanwhile, it had recorded its all-time low of 217.50 in February 1950. As of October 31, 2014, more than 1,500 companies are listed on the TSX. By the end of May, the TSX already had a market capitalization of $2.78 trillion. The regular trading session on the TSX begins at 9:30 a.m. and ends at 4:00 p.m. There is also a post-market session that lasts from 4:15 p.m. until 5:00 p.m.

What Makes Up the S&P/TSX Composite Index

There are numerous requirements in order for companies to be included in the S&P/TSX Composite Index. For starters, of course, they need to be listed on the TSX. Consequently, they must operate in accordance to all existing Canadian corporate laws. As BCE Inc. is still listed, this means that the stock complies with all laws.

In order to become a component of the S&P/TSX Composite Index, a stock must weigh at least 0.05% of the index. Prior to rebalancing, it must have traded an average of C$1 in the preceding three months and at least C$1 in the last three sessions leading to the month of review. Moreover, its trading volume must weigh at least 0.025% of the overall trading volume of all eligible stocks.

About 250 companies make up the S&P/TSX Composite Index. The Financials and Energy sectors alone account for 56% of it, with the former making up 36% and the latter making up 20%. The next biggest sectors include the Materials, Industrial, and Consumer Discretionary sectors.

Because the Organization of the Petroleum Exporting Countries (OPEC) has recently decided to cut oil production rate to lift oil prices, the Energy sector of the S&P/TSX Composite Index is poised for potential gains. Professional analysts might be interested how this will affect BCE Inc..

Investing on the TSX is an ideal way to bet on the Canadian economy. With a promising long-term growth, investors will surely benefit from valuable returns be it in the near term or the longer term.

More notable recent BCE Inc. (TSE:BCE) news were published by: Fool.ca which released: “BCE Inc. vs. Telus Corporation: Which Is the Better Buy?” on January 08, 2018, also Nasdaq.com with their article: “BCE, Inc. (BCE) Ex-Dividend Date Scheduled for December 14, 2017” published on December 13, 2017, Marketwired.com published: “BCE completes acquisition of AlarmForce” on January 05, 2018. More interesting news about BCE Inc. (TSE:BCE) were released by: Seekingalpha.com and their article: “Maple Leaf group to buy Toronto Argonauts from Bell” published on December 14, 2017 as well as Fool.ca‘s news article titled: “Why BCE Inc. Is a Smart Choice for 2018” with publication date: December 23, 2017.

BCE Inc., a telecommunications and media company, provides wireless, wireline, Internet, and television services to residential, business, and wholesale clients in Canada. The company has market cap of $52.51 billion. The firm operates through three divisions: Bell Wireless, Bell Wireline, and Bell Media. It has a 18.04 P/E ratio. The Bell Wireless segment offers integrated digital wireless voice and data communications services and products.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.