Borsa Italiana, suspension of April 4, 2023 hearing

Borsa Italiana, suspension of April 4, 2023 hearing

UniCredit’s positive trend continues after the strong rise in the previous session. Also performs well for Stellantis and ERG

The main indices of the Italiana Stock Exchange and the main European financial centres Consolidation in positive territory. According to Pierre Ferret – Technical Analyst at ActivTrades – from a technical point of view, Correction will be normal after the strong bullish rally which took place in the second half of March. However, the recent intervention by central banks to restore stability and confidence in the markets tends to support short-term sentiment, making It is very difficult to predict a correctionThe expert pointed out.

at 13.05 FTSEMib It rose 0.52% to 27,321 points, just below the intraday high of 27,343 points. At the same time FTSE Italia All Share 0.51% profit. plus sign for file Medium hat from FTSE Italia (+ 0.49%) and l Star of FTSE Italy (+0.68%).

the Bitcoins It’s still more than $28,000 (just under €26,000).

the BTP-Bund spread expanded to 185 points, with BTP return for ten years which fluctuates around 4.15%.

L’euro It stands above $1.09.

The positive trend continues UniCredit (+1.06% to €18.12)After the sharp rise achieved in the previous session. From the correspondence issued by Consob, we learn that on March 27, Edoardo Mercadante reduced his stake in the institute led by Andrea Orcel from 5.155% to 4.709%.

just below par Intesa San Paolo (-0.13% to €2.362). In the sessions between March 27 and 31, 2023, the Bank purchased 104.49 million treasury shares, at a weighted average price of €2.3135 per share. The total value of the deal amounted to 241.73 million euros. The purchased share is equal to approximately 0.55% of the share capital.

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Excellent ERG performance (+2.82% at €28.48). Morgan Stanley analysts improved their rating for the energy company, bringing it to “equal weight” (neutral), based on a price target of €29.

positive trend for stellants (+0.66% to €16.78). The Ministry of Transport announced that 168,294 cars were registered in Italy in March 2023, an increase of 40.78% compared to 119,548 cars in the same period last year. Strong growth in Stellantis sales. In March 2023, group registrations amounted to approximately 59,000 units, an increase of 36.3% compared to the more than 43,000 vehicles sold in March 2022. As a result, Stellantis’ market share was 35.1%.

Telecom Italia TIM It records an increase of 0.91% to 0.3115 euros. The telephone company closed the reopening of the bond loan issued on January 27 (coupon 6.875%, due February 15, 2028), for an amount equal to €400 million. The bond was placed at an issue price of 100.75%, which equates to a yield of 6.69%.

In the star sector, Rally gathered SECO (+ 5.92%).


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