Ahead of the forthcoming announcement by CFD broker Plus500 (LON:PLUS) of its third quarter results for this financial year, confidence appears high with share prices having risen by 6.06% at close of business today according to information from the London Stock Exchange.
Plus500 has enjoyed a period of extreme success, largely down to its remarkable performance as a lean and efficient operation which has continued to be part of the firm’s ethos subsequent to its public listing on London’s Alternative Investment Market.
Investor confidence in Plus500 stock has been high during the period of low volumes that has prevailed this year until now across the entire FX industry, a dynamic that was reflected in the advent of the firm’s reporting of its second quarter results.
At that time, the shares also traded up in advance of the announcement, but even though the company reported stellar results, shares dropped post-announcement demonstrating that external market conditions are also party to influencing share prices as well as corporate success.
LeapRate will endeavor to provide full details regarding Plus500’s third quarter report as it is released.