Italiana Stock Exchange, commentary on today’s session (July 20, 2022)

Italiana Stock Exchange, commentary on today’s session (July 20, 2022)

Prime Minister Mario Draghi was summoned to the Senate today. Banking shares started to decline after the excellent performance they achieved in the previous session.

The main indices of the Italian Stock Exchange and the main European financial markets Accelerate to the downsidein a session marked by many changes of direction in Piazza Avary. In the Italian stock market, the spotlight is always focused on domestic politics: Prime Minister Mario Draghi called the Senate today to confirm confidence in his government.

at 14.55 FTSEMib It recorded a decrease of 1.46% to 21.379 points, after it fluctuated between a minimum of 21,293 points and a maximum of 21,842 points. At the same time FTSE Italia all participated It was losing 1.4%. negative trend also FTSE Italia medium hat (-0.77%) for The star of FTSE Italia (-0.42%).

The BTP-Bund spread It touched 220 points after the yield on Italian 10-year bonds returned to more than 3.4%.

The Bitcoin It accumulates above 23,500 dollars (just over 23,000 euros).

L ‘euro It fell to $1.02.

Securities in the banking sector begin to declineAfter the excellent performances achieved in the previous session. According to Nigel Bolton – Co-CIO, BlackRock Fundamental Equities – banks will benefit from the increase in interest rates thanks to the increase in net interest income (the net interest income of the National Insurance Institute), that is, the difference between loan income and interest paid on deposits.

discounts Paper Bank (-3.25%), Intesa San Paulo (-3.13%) H UniCredit (-3.44%).

Saipem It fell by 3% to 0.7572 euros.

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backwards Telecom Italia TIM It registers a 1.22% advance.

in sharp decline Cellularline (-5.79% to 3.74 euros). After due diligence activities, aspirin (-0.72%) announced its intention to launch a voluntary takeover offer of the company at a price of €3.75 per share. The value is lower than the €4.41 reported in May based on a potential risk of devaluation of some working capital balance sheet items.

Andy Renzo Records a jump of 6.93% to 0.602 euros.

At Euronext Growth, Milan focused on Entrepreneurship Tumor, on the day it debuted in the price list for dynamic and competitive SMEs. the address He loses 2.58% to 4.871 euros. The company’s shares are set at €5, with an initial capitalization of €56 million.

Wales Milan It turns red and loses 0.07% to €0.9993. On the first day of listing on Euronext Growth Milan, the stock doubled its valuation, ending the session at 1 euro, from the subscription price of 0.5 euros.


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