Borsa Italiana, Commentary of May 23, 2023 hearing

Borsa Italiana, Commentary of May 23, 2023 hearing

Some thoughts among bankers: the advances of Monte dei Paschi di Siena and Banca Profilo stand out. Well-being under pressure. Juventus boost up

The main indices of the Italiana Stock Exchange and the main European financial centres Consolidation in the negative zone. “Risk appetite continues to decline due to the lack of agreement on the US debt ceiling,” said Pierre Verret, technical analyst at ActivTrades.

at 14.15 FTSEMib It fell 0.57% to 27,155 points, after swinging between a low of 27,133 points and a high of 27,315 points. At the same time FTSE Italia All Share decreased 0.55%. Negative trend too Medium hat from FTSE Italia (-0.43%) and l Star of FTSE Italy (-0.46%).

the Bitcoins It is still above $27,000 (more than 25,000 euros).

the BTP-Bund spread It fluctuates around 185 pips, with BTP return for ten years which approached 4.35%.

L’euro It is confirmed below $1.08.

Some thoughts in between Banking services.

The positive trend continues Monte dei Paschi di Siena (+ 3.51%).

The negative trend, however, for Bank Paper (-1.07%).

Good bank profile (+3.81% to €0.218). Arepo BP – the controlling shareholder of the bank – announced that it had reached an agreement with Twenty First Capital (French management company of alternative investment funds, limited partners and portfolio manager of the French law fund Fonds Archimedes) to sell 29% of the bank’s capital. The total transaction price equals €50.4 million, which is equivalent to €0.2637 per share (net of treasury shares in the portfolio), which is equivalent to a premium of 25.6% compared to the closing value of Banca Profilo at the session of May 22, 2023 (€0.21).

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Stocks in the luxury goods sector are under pressure. Cuts Ferrari (-2.69%) f Moncler (-4.73%).

Juventus It consolidates the rise and gains by 2.1% to 0.2916 euros. The FIGC Federal Court of Appeal imposed on Juventus a ten-point penalty in the standings, to serve in the current football season. As a result, Juventus fell from second to seventh in the table, outside the region to qualify for the Champions League next season. “The club is awaiting the publication of the reasons and reserves the right, in defense of its interests, to evaluate the proposal to appeal to the College of Sport Assurance within the conditions established by the sporting regulations,” the Juventus club specified.

positive trend for sprint (+1.11% to €6.37). The company reported that it had signed an agreement with the Revenue Agency aimed at settling out of court disputes that have been drafted regarding VAT in relation to the tax periods from 2013 to 2017. Based on the agreement reached, Esprinet will have to pay a lump sum of around 33.2 million euros. Meanwhile, after announcing first-quarter financial results and indices for the full year 2023, IntesaSanpaolo analysts cut their price target on Esprinet from €13 to €9, after lowering revenue and profitability estimates for the two-year 2023/2024 period; But experts confirmed the signal to buy stocks.

Go back down Giglio Group (-8.67%)After the recovery achieved in the previous session.


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