August 18, 2022

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Italiana Stock Exchange, commenting on today’s session (7 July 2022)

The main stock exchanges of the old continent, including the city of Milan, continue to be positive. At Piazza Affari, all eyes are on Telecom and capital market day, banks are doing well

The main stock exchanges of the old continent continue to be positive, Milan included. At Piazza Affari, all eyes are focused on Telecom Italia TIM and its capital market day, highlighting the banking sector.

At 12.20, the FTSEMib index rose 1.87% to 21,311 points While the stock rose by 1.83% to 23,343 points. Shares of mid-cap (+1.6%) and Star (+0.44%) also rose.

In Milan, eyes are on Telecom Italia TIM (+0.04%) on Financial Market Day, meanwhile, the phone giant has outlined the scope of a potential separation of different assets to “overcome the vertically integrated model.” The plan states Ability to separate fixed network infrastructure assets (NetCo) from services (ServiceCo with TIM Consumer, TIM Enterprise and TIM Brasil) It explains to each entity the market context, the business environment and strategic activities, as well as the ways in which they will be able to compete in their reference markets in order to generate more value.

Jump Tenaris (+7.79%), backed by a promotion from Jefferies that raised its rating from “hold” (to hold) to “buy” and to a target price of €20. Also good Saipem (+11.56%) on the ninth day of the capital increase.

It also bounces UniCredit, between banks. Jay Aulenti earns 4.83%. In an interview with Sole24Ore number one in the group Andrea Orcel, who took over the agents of the entire Italian division, stated that “L”Italy is the first market From the Institute and this is a delicate moment: we cannot afford not to create conditions for her to fully develop her potential.”

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Among other bankers Intesa San Paulo Salt 2.26% Paper Bank 3.21% H BancoBPM 3.93%.