Borsa Italiana, Commentary of July 20, 2023 hearing

Borsa Italiana, Commentary of July 20, 2023 hearing

Banking sector securities are highlighted: BPER Banca’s progress is highlighted. Oil sector stock purchases. The negative performance, instead, of STM.

The main indices of the Italiana Stock Exchange and the main European financial centres They finished the day with a partial lead. Equity experts at Candriam remain convinced that after a good performance since the beginning of the year, European stocks are really starting to write off a lot of positive news. “Therefore, we still believe it is appropriate to remain balanced with a defensive bias,” the experts suggested.

The FTSEMib It rose 0.36% to 28,816 points, after it fluctuated between the lowest level at 28,630 points and the highest level at 28,866 points. the FTSE Italia All Share 0.28% gain. Negative closing, however, for Medium hat from FTSE Italia (-0.49%) and l Star of FTSE Italy (-0.75%). In the July 20, 2023 session, the value of trades rose to 2.14 billion euros, compared to 1.97 billion on Wednesday.

the Bitcoins It fell to less than $30,000 (just under €27,000).

the BTP-Bund spread Less than 165 points, narrowed down with BTP return for ten years which rose to 4.1%.

L’euro It fell below $1,115.

Mark titles The banking sector.

Definitely positive closure to Bank Paper (+2.04% to €2.995).

Also good Intesa San Paolo (+1.2% to €2,522) e UniCredit (+ 1.05% to 22.205 euros). UBS analysts improved the price target on the two institutes, to €3.5 and €34, respectively; Experts confirmed the buy index on both banks.

Negative performance, however, to STM extension (-1.49% to 46.23 euros).

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Oil sector stock purchases. Where is it? It advanced 0.82% to 13.54 euros. Also good Saipem (+0.24%) f Tenaris (+2.67%).


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