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Another positive session for the FTSEMib (+ 2.1%)

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Another positive session for the FTSEMib (+ 2.1%)
Written by aquitodovale

The increases of Stellantis and Iveco Group stand out after the disclosure of the half-year results. Excellent performances also for STM, Moncler and Prysmian

The major indices of the Italian Stock Exchange and the main European financial markets they finished the session in positive territoryafter the Fed’s decision to raise interest rates by 75 basis points.

The FTSEMib he gained 2.1% to 21,932 points, the high of the day (low of 21,636 points). The FTSE Italia All Share it has made progress of 2.03%. Plus sign for the FTSE Italia Mid Cap (+ 1.7%) and for FTSE Italia Star (+ 1.19%). In the session of 28 July 2022, the turnover rose to 1.98 billion euros, compared to 1.66 billion on Wednesday.

The BTP-Bund spread dropped to 245 points.

Blaze of the bitcoin which at 5.40 pm had exceeded $ 23,500 (about 23,000 euros).

L’EUR it is back above $ 1,015.

In evidence Stellantis (+ 4.92% to € 13.566). The auto giant has released i financial data relating to the first half of 2022, a period that ended with an increase in revenues and profitability. Based on the results of the first half, Stellantis confirmed the guidance for the current year.

Very good too Iveco Group (+ 6.62% to € 5.864). The company communicated i financial results for the first half of 2022 and provided financial estimates for the entire year. Management expects the logistics-production chain to continue to represent the main challenge of the year, with problems of costs and energy availability, rising material prices and component availability.

Positive closing for BPER Bank (+ 0.23% to € 1.32). The Fitch agency revised the bank’s rating outlook upwards, taking it from “Stable” to “Positive”. The experts confirmed all of the bank’s ratings, in particular the long-term issuer rating at “BB +” and the long-term deposit rating at “BBB-”.

In the spotlight STM (+ 3.63% to € 36.27)after the spread of the financial results for the second quarter of 2022, a period that ended with a strong increase in revenues and margins, better results than management estimates. The top management of the Italian-French group also provided some financial estimates for the current quarter and for the whole of 2022.

Great day for Prysmian (+ 5.59% to 30.2 euros). The company communicated i financial results for the first half of 2022, a period characterized by strong growth in revenues and profitability, results exceeding the consensus of analysts. As a result, management has revised upwards the financial estimates for the whole of 2022.

Also Azimut Holding (+ 4.95%) benefited from the half-year results.

Italian post it lost 0.84% ​​to € 8.056. The company communicated i economic and financial results for the first half of 2022, a period that closed with increasing revenues and profitability. The numbers of the 2nd quarter alone were above the consensus of analysts.

Is in the it gained 1.32% to 4.7935 euros. Before the publication of the half-year results, the electricity giant announced that Enel Chile has signed an agreement for the sale of its 99.09% stake in Enel Transmisión Chile for an equity consideration of $ 1.35 billion. corresponding to 1.53 billion in terms of enterprise value, subject to price adjustment.

Moncler recorded a jump of 8.04% to 46.63 euros. The group of duvets communicated i financial results for the first half of 2022, a period that closed with a sharp improvement in revenues and profitability. Despite the persistence of various uncertainties on the geopolitical, economic and health fronts, Moncler believes it has a clear and effective portfolio of brands and development strategies to continue its growth path, also in financial year 2022.


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#positive #session #FTSEMib

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