Borsa Italiana, Suspension of the June 1, 2023 hearing

Borsa Italiana, Suspension of the June 1, 2023 hearing

Certainly a positive performance for bankers: Monte dei Paschi di Siena stands out. Ricurati also scored well. Exprivia is in line with the offer price

The main indices of the Italiana Stock Exchange and the main European financial centres It asserted itself in positive territoryAfter the correction he was subjected to in the previous session. According to Pierre Ferret – technical analyst at ActivTrades – investors are benefiting from progress on the debt limit issue after the House of Representatives passed the agreement reached earlier this week and will now go to the Senate, just days before the deadline.

at 15.20 FTSEMib It rose by 1.24% to 26,375 points, after it fluctuated between the lowest level at 26,278 points and the highest level at 26,581 points. At the same time FTSE Italia All Share 1.17% recovered. Also on the rise Medium hat from FTSE Italia (+0.6%) f Star of FTSE Italy (+0.95%).

the Bitcoins It’s still less than $27,000 (just over 25,000 euros).

the BTP-Bund spread It fell below 180 points, with the 10-year BTP yield dropping below 4.05%.

L’euro It is confirmed above $1.07.

Bank stocks rebound.

sharp rise Monte dei Paschi di Siena (+2.32% to €2.157). Moody’s improved its outlook on long-term deposit and unsecured debt ratings from “stable” to “positive” after an increase in February of two notches to the long-term deposit rating and three notches to the long-term unsecured rating.

UniCredit earning 2.78% to 18,412 euros. The institute has provided an update on the analyst consensus estimates for the year 2023 and for the biennium 2024/2025, based on indicators drawn up by 21 Italian and international brokers. The signal for the 2024 dividend (relating to the 2023 financial year) has also been revised: analysts expect UniCredit to be able to distribute a coupon of €1.24 per share based on the 2023 financial statements (minimum €1, maximum €1.36). Based on the closing price of UniCredit shares on May 31, 2023 (€17,914), the coupon will guarantee a return of approximately 6.9%.

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very very good Intesa San Paolo (+2.64% to €2.2125). From the correspondence issued by Consob on May 31, 2023, we learn that on May 24, the Goldman Sachs Group increased its total stake in the Bank’s share capital to 6.73%, from the previous position of 5.97% on May 19, 2023.

Mediobanca shares rose 2.91% to 10,595 euros. Jefferies analysts raised the price target for the Institute in Piazzetta Cuccia from €10.6 to €12.4; Experts have also changed their minds and now recommend buying the shares.

Focus on stocks in the oil sectorafter the price of crude oil in New York (contract expires in July 2023) fell to $68 per barrel.

Where is it? records an increase of 1.16% to 12,594 euros.

very very good Register (+4.11% to €42.29)Which benefit from the positive indicators of some investment banks.

Experia It jumped 18.8% to 1,582 euros. Abaco informed Innovazione of the decision to launch a voluntary buyout offer on the company’s shares at a price of 1.6 euros, with the aim of delisting the share from Piazza Avari. The consideration includes a premium equal to 20.1% in relation to Exprivia’s official price on May 31, 2023, equivalent to €1,332.


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