Positive indices at Piazza Affari: FTSEMib +0.8%

The major indices of Borsa Italiana and the main European financial markets ended the first session of the week with modest raisesconsolidating the positive trend of the last eighth.

The FTSEMib it recorded a progress of 0.81% to 25,385 points, after fluctuating between a low of 25,195 points and a high of 25,455 points. The FTSE Italia All Share gained 0.92%. Better performance for the FTSE Italia Mid Cap (+1.88%) and for the FTSE Italy Star (+1.89%). In the session of 9 January 2023, the value of trades rose to 2.14 billion euros, compared to 1.62 billion on Friday.

The bitcoins it remained over 17,000 dollars (just over 16,000 euros).

The BTP-Bund spread it narrowed to 195 points, with the yield on the 10-year BTP falling below 4.2%.

L’EUR it hit $1.075.

At the FTSEMib the performance of Telecom Italia TIM. The title of the telephone company is jumped 5.56% at 0.2487 euros.

Very good too STM extension (+5.22%).

Monte dei Paschi di Siena stands out among the banking institutions (+11.7% to 2.218 euros). During an interview published in Il Sole24Ore, the bank’s managing director, Luigi Lovaglio, indicated that, after the 2.5 billion euro capital increase, the share price is at a discount compared to the major banks Italians.

Positive performance for oil sector stocksafter the price of crude oil in New York (contract expiring in February 2023) returned to 75.5 dollars a barrel.

ENI it gained 0.77% to 13.944 euros.

Better performance for Saipem (+3.28% to 1.2605 euros).

Negative closure for ERG (-1.64% to 27.6 euros). Morgan Stanley analysts cut the target price on the energy company to 29 euros. Experts also downgraded the rating to “Underweight”.

Also in red generals (-0.92% to 17.18 euros). Again Morgan Staley cut the target price on the Lion of Trieste from 19 euros to 17 euros. Experts have also downgraded the rating to “Underweight.”

In fractional progress Stellantis (+0.75% to 14.554 euros). The auto giant announced the signing of a binding agreement with Element 25 on the supply of manganese sulfate for batteries destined for electric vehicles.

Ferrari (+3.4% to 216 euros) among the best of the day at the FTSEMib. Citigroup analysts have increased the target price on the Prancing Horse, bringing it from 150 euros to 216 euros; experts have also upgraded the rating to “Neutral”.

Among the companies listed in the STAR focus segment Saes Getters. Ordinary shares gained 24.6% to 29.35 euros, while securities of savings they jumped by 38.4% to 22 euros. The company announced that it has signed a binding agreement with the US company Resonetics for the sale of the Nitinol business and, in particular, of the US subsidiaries Memry Corporation and SAES Smart Materials. The sale price agreed is equal to 900 million dollars and will result in a net capital gain of 584.6 million euros.