The Italian Stock Exchange, commenting on the session of August 22, 2023

The Italian Stock Exchange, commenting on the session of August 22, 2023

Focus on the stocks of the banking sector. Highlights Prysmian’s excellent performance. Enel is leading the rise in utilities. The Btp-Bund spread decreased to 165 pips

The main indices of the Italian Stock Exchange and the main European financial centres Increases of more than one percentage point were recorded.

At 11.45 ftsimip It gained 1.12% to 28,301 points, the highest level during the day. At the same time FTSE Italy All Stock It rose by 1.07%. plus sign for Medium hat from FTSE Italia (+0.68%) and l FTSE Italy Star Index (+0.88%).

the Bitcoins It has a price tag of just over $26,000 (just under €24,000).

the BTP-Bund spread It fell to 165 points, with the yield on the 10-year BTP note back below 4.35%.

L’euro It consolidates above $1.09.

Focus on the stocks of the banking sectorThis follows the strong increases made the previous day.

on the swing Monte dei Paschi di SienaAnd that after the strong fluctuations recorded in the previous sessions. The Seine Institute share rose 0.15% to 2.636 euros.

better performance for Intesa San Paolo (+1.27%).

in partial decline Telecom Italia Tim (-0.72% to 0.2763 euros). As reported in Il Sole24Ore, the sale of the network infrastructure would allow the phone company to reduce its net debt by about 6 billion euros, bringing it down from 20.82 billion euros (net leases) in June 2023 to around 15 billion euros.

Among the heroes of the day there are also prizmian (+4.69% to €36.16). The company announced that it has been selected by TSO Amprion (a major European transmission system operator) as the preferred bidder for the BalWin1 and BalWin2 submarine network interconnection systems and for the DC34 underground cable project. The total value of the contracts is around 4.5 billion euros. Meanwhile, Goldman Sachs analysts raised the price target for Prysmian stock, from €59 to €61; Experts confirmed what signals to buy stocks.

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In the (+1.43%) leading the rise in utilities.

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