Acerinox SA (ACX)

Acerinox SA (ACX)

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Acerinox SA Profile

Acerinox SA (ACX.xmad) is a stainless steel and nickel alloys manufacturing conglomerate group headquartered in Madrid, Spain. ACERINOX is one of the leading stainless steel manufacturers worldwide, with more than 8.200 employees and manufacturing facilities in Spain, the US, South Africa, and Malaysia. The Spanish manufacturer operates its distribution networks in Europe, South and North America, Asia, Oceania, and Africa. Acerinox SA (ACX.xmad) is traded on the Madrid Stock Exchange (BMAD), has a $3.18B (USD) market cap, $5.332B (USD) 2020 yearly revenue with a remarkable 24,25% annual growth. In 2021, Acerinox declared €109M (EUR) more profit than in 2019.

Acerinox SA (ACX.xmad): trading hours with FP Markets / 10:00 - 18:30

Acerinox SA (ACX.xmad): Trade a Contract for Difference (CFD) on ACX.xmad and speculate on the share price difference of the underlying asset. CFD is a financial contract that allows you to trade on the underlying asset value (share price) without the need to purchase the actual stock. Investors are trading the difference in the value of security between the opening and closing of the trade. You can either hold a long position (Buy) or a short position (Sell). CFDs are considered short-term investments or trades, as CFDs tend to be used within shorter timeframes.

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Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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