FTSEMib closes lower (fractional)

The major indices of Borsa Italiana and the main European financial centres recorded fractional declines in the first session of the week. Pierre Veyret – technical analyst at ActivTrades – reported that the STOXX50 index is slowly dancing around the first available support level at 4,150 points, where a breakout could send prices down to around 4,100 points, while a rebound should push the market towards 4,190 points and 4,250 points by extension.

The FTSEMib it dropped 0.38% at 26,336 points, after fluctuating between a low of 26,275 points and a high of 26,439 points. The FTSE Italia All Share it lost 0.42%. Minus sign also for the FTSE Italia Mid Cap (-0.83%) and for the FTSE Italy Star (-0.94%). In the session of 30 January 2023, the value of trades rose to 2.16 billion euros, compared to 2.1 billion on Friday.

The bitcoins it settled just above 23,000 dollars (less than 21,500 euros).

The BTP-Bund spread it nearly reached 200 points, with the yield on the 10-year BTP rising to 4.3%.

L’EUR it returned below 1.09 dollars.

Al FTSEMib featured Telecom Italia TIM. The telephone company’s stock registered a up 4.64% at 0.2659 euros. Telecom Italia TIM benefited from the rumors reported by some press agencies regarding the evaluation of the network infrastructure.

ENI down (-0.85% to 14.17 euros). The six-legged dog announced that it has signed an agreement to start the development of “A&E Structures”, a strategic project aimed at increasing gas production to supply the Libyan domestic market, as well as guaranteeing the export of volumes to Europe. The total investment is estimated at $8 billion, with a significant impact on the industry and its supply chain. Gas production will begin in 2026 and reach a plateau of 750 million cubic feet of standard gas per day. Furthermore, ENI and TotalEnergies have completed the transfer to QatarEnergy of a 30% stake in exploration blocks 4 and 9, off the Lebanese coast. With this transfer, the Six-legged Dog will hold a stake in the assets of 35%, QatarEnergy 30% and TotalEnergies, as operator, the remaining 35%.

In fractional up UniCredit (+0.24% to 15.926 euros), on the day the board of directors met to examine the 2022 financial results. The data will be released on January 31, before the opening of Piazza Affari. The consensus of analysts for the year just concluded indicates a net book profit of 5.13 billion euros (median value). The intermediation margin should have risen from 17.95 billion to 19.77 billion euros (19.73 billion the previous estimate), while the net operating result is indicated at 7.88 billion after write-downs on loans for 2.21 billion euros. Analysts predict that UniCredit may distribute a coupon of 0.84 euro per share.

Benefits taken up STM extension (-0.15% to €43.595) after the sharp rise achieved in the previous two sessions, in the wake of the 2022 budget data and the indications for the current year.

In the STAR segment, the negative trend of IGD SIIQ. The title has registered a decrease of 6.93% to 2.755 euros, after finishing last week with an overall drop of 12.2%.