December 4, 2022

Hardwood Paroxysm

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Italian Stock Exchange, commenting on today’s session (27 September 2022)

Utilities under pressure, in the wake of higher yields on Italian government bonds: Enel fell significantly. Excellent performance for NEXI

Features sitting Several changes in direction For the main indices of the Italian Stock Exchange and the main European financial markets: FTSEMib made it into the final and left over 1% on the ground. Amundi analysts believe that after the general election, the The Italian stock market is expected to see some relief in the short term, with some recovery in the financial sector, also because the Italian market is relatively interesting from a valuations point of view. “To see structural recovery, we need more clarity on the composition of the government, on the final approval of the 2023 budget law and possible changes to the NGEU plan that the next government will be able to negotiate with the EU,” experts speculated.

The FTSEMib It ended the day down by 1.16% to 20961 points, the lowest level of the day (highest level of 21,493 points). The FTSE Italia all participated It lost 1.14%. Also in red FTSE Italia medium hat (-1.13%) and The star of FTSE Italia (-0.24%). In the September 27, 2022 session, the turnover increased to 2.05 billion euros, compared to 1.88 billion on Monday.

The Bitcoin It was confirmed at more than $20,000 (about €21,000).

The BTP-Bund spread It expanded to 250 pips, with the 10-year BTP yield rising to 4.7%.

L ‘euro It fell to $0.96.

Facilities remained under pressurefollowing the rise in yields on Italian government bonds. In the It suffered a drop of 5.4% to 4,302 euros. Very bad terna (-5.49%).

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Focus on the securities of the banking sector.

Still in the spotlight Monte dei Paschi di Siena. The title of the Seine Institute And recorded a decrease of 1.8% to 29.97 euros, in a highly volatile session. The Italiana Stock Exchange announced that from Tuesday 27 September 2022 until a subsequent ruling on the common shares of Monte dei Paschi di Siena, no orders without a price limit will be placed.

Very bad Intesa San Paulo (-2.33%) H UniCredit (-2.1%).

Inventories rebounded in the oil sectorAfter the price of crude oil in New York (the contract expires in November 2022) rose to $79 a barrel.

where are you It recorded an increase of 0.17% to 10,752 euros. better performance for Tenaris (+ 3.02% to € 13.13).

very very good Saipem (+3.82% up to 0.62 €). The engineering company announced that it had won two new contracts in Côte d’Ivoire with a total value of nearly one billion euros.

Nixie It rose 2.69% to €8,642. On the occasion of Capital Markets Day, the company presented a file The strategic plan and medium-term financial goalsAnd the. The cash surplus, expected to be around €2.8 billion in 2023-2025, would allow Nixi the flexibility to explore a series of value-accumulating opportunities for all shareholders.

Excellent performance also forTelecom Italia TIM (+3.41%).