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IG’s stock price shows a steady upward trend, reaches its highest value for 2017 so far

Aug 24 2017
By
Jonathan Smith

The stock price of IG Group Holdings plc (LON:IGG), part of the IG Group, lately shows a steady upward trend. Currently its shares trade for GBX 675.50 apiece, their highest value for 2017 so far, and its market capitalization amounts to GBX  2.48B.

 

 

If we look at the big picture, IG Group’s stock price has increased by more than 36% from the beginning of the year, when its shares traded for GBX 494.10 apiece. Still, the company shares have still not recovered to the levels reached before the FCA announced its decision to introduce a cap on leverage and ban trading bonuses. In August 2016, IG's stock price reached GBX 957.50, while after FCA’s announcement it dropped by 38.4% for a single day.

 

Previous month, IG shares soared by more than 15% for 24 hours after the broker reported record net revenue for FY 2017 in July 18.

 

Meanwhile, the broker has been updating its Community forum – it is reorganized in order to be more intuitive and useful to IG’s clients. The IG community is accessible via the broker’s platform and traders are encouraged to pose their questions on the broker’s services, to discuss trading strategies and to give feedback and suggestions. 

 

IG is a financial services provider with over 40 years’ trading experience. It was the first company to launch spread betting, and it also offers trading in contracts for difference (CFDs), forex, stocks, bonds, binaries, and Bitcoin. It is primarily regulated by UK’s Financial Conduct Authority (FCA), but its subsidiaries have licenses from the authorities in Australia, Japan, South Africa, UAE and Singapore.

TAGS: IG  stock price  LSE  market cap 

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