Italian Stock Exchange, suspension of the session of November 14, 2023

Italian Stock Exchange, suspension of the session of November 14, 2023

The main indices of the Italian Stock Exchange and major European financial markets are accelerating higher and gaining more than 1%. Banca MPS and its technicians performed well

The main Italian stock market indices and the main European financial markets Speed ​​up and gain more than 1%After US inflation data in October 2023: Price increases in the US last month were lower than analyst consensus.

3.35 pm Ftsimib It gained 1.3% to 29,301 points, after oscillating between the minimum of 28,976 points and the maximum of 29,311 points. At the same time FTSE Italy All Shares It rose by 1.31%. Better performance for FTSE Italy Mid Cap Index (+1.59%) and FTSE Italy Star Index (+1.8%).

the Bitcoin It was returned to $36,500 (just under €34,000).

the Btp-bond spread narrowed to 180 pips with The return of BTP for ten years Which fell below 4.45%.

to’euro It jumped to $1.08.

Banking sector stocks remain in the spotlightThis is after the strong increases it achieved in the previous session. Alessandro Buratti and Marco Troiano – analysts from Scope Ratings – reported that the profitability of Italian banks stabilized at high levels thanks to large interest margins and low provisions. The two experts pointed out that “financial fundamentals are strong and banks are well positioned to face softer economic expectations and uncertainties about the dynamics of loans and deposits.”

Performance stands out Monte dei Paschi di Siena (+5.15%).

Also in evidence is Popolare di Sondrio (+3.27% to €6,005). DBRS Morningstar affirmed the ratings assigned to the institution, including a long-term issuer rating at the investment grade level of ‘BBB Low’. Meanwhile, experts improved the forecast from “stable” to “positive.”

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It is worth noting the increase in I hope (+5.3% to €24.64). The energy company issued Financial results for the first nine months of 2023. Furthermore, management has revised slightly upward the expected range of gross operating margin which now ranges between 490 and 520 million (previously 480-520 million), while confirming the indication of expected investments between 500 and 600 million euros. Net financial debt is estimated to be stable between 1.4 billion and 1.5 billion euros.

Very very good A2A (+2.74% to €1.84). The company issued Financial results for the first nine months of 2023 We reviewed the financial indicators for the full year positively, with reference to gross operating margin and normalized net profit.

Positive trend in STAR sector for Central Milk in Italy (+5.48%) after the release of the quarterly results.

Negative intonation, however, for Landy Renzo (-6.65%).

At Euronext Growth Milan focuses on SBE-Varvit (unchanged), on the day of its debut in the list dedicated to dynamic and competitive SMEs. The price of the company’s shares was set at 8.33 euros, equivalent to a market capitalization at the beginning of trading of 975 million euros.


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