February 5, 2023

Hardwood Paroxysm

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Borsa Italiana, suspension of January 9, 2023 hearing

Telecom Italia TIM’s performance stands out. Among the banks in the directory are Monte dei Paschi di Siena. Rally Sais brings together the companies of the star sector

The main indices of the Italiana Stock Exchange and the main European financial centres Make partial progress in the first session of the week, reinforcing the trend recorded in the last eighth session.

at 15.25 FTSEMib It rose 0.67% to 25,348 points, just below the intraday high of 25,369 points. At the same time FTSE Italia All Share He earned 0.76%. better performance for Medium hat from FTSE Italia (+ 1.59%) and l Star of FTSE Italy (+ 1.46%).

the Bitcoins It’s still above $17,000 (just over 16,000 euros).

the BTP-Bund spread It slumped below 200 pips, with the 10-year BTP yield approaching 4.25%.

L’euro exceeded $1.07.

In FTSEMib perform Telecom Italia TIM. The phone company’s shares jumped 5.86% to 0.2494 euros.

Among the banks in the directory Monte dei Paschi di Siena (+ 10.7% at 2.1985 euros). During an interview published in Il Sole24Ore, the bank’s managing director, Luigi Lovaglio, indicated that after a capital increase of 2.5 billion euros, the share price is at a discount compared to the major Italian banks.

Positive performance of the oil sector stocksAfter the price of crude oil in New York (contract expires in February 2023) exceeded $76 per barrel.

Where is it? A gain of 1.34%, to 14.24 euros.

better performance for Saipem (+ 3.85% to 1.2675 euros).

negative performance of it is in (-0.98% to 5.546 euros) ed Erg (-2.28% to €27.42). Morgan Stanley analysts lowered the price target for the two energy companies, to €5.3 and €29, respectively. Experts also downgraded the stock to “underweight”.

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in partial progression stellants (+0.64% to €14,538). The auto giant announced the signing of a binding agreement with Element 25 regarding the supply of manganese sulfate for batteries intended for electric vehicles.

Ferrari (+2.82% for €214.8) Among the best of the day in FTSEMib. Citigroup analysts raised the price target on the Prancing Horse, taking it from €150 to €216. Experts also upgraded the rating to “neutral”.

Among the companies included in the focus sector is STAR Says Jetters. Ordinary shares rose 25.5% to 29.55 euros, while shares of savings They jumped 37.7% to 21.9 euros. The company announced that it had signed a binding agreement with the US company Resonetics to sell Nitinol’s business and, in particular, the US subsidiaries Memry Corporation and SAES Smart Materials. The agreed sale price is equal to $900m and will result in a net capital gain of €584.6m.