The FTSEMib closed the session and the week higher

The major indices of Borsa Italiana they closed in positive territory the last session of the week.

The FTSEMib it recorded a progress of 0.83% to 26,436 points, after fluctuating between a low of 26,197 points and a high of 26,473 points; for the whole week, the main Borsa Italiana index gained 2.56%. The FTSE Italia All Share rose 0.79%. Plus sign for the FTSE Italia Mid Cap (+0.49%) and for the FTSE Italy Star (+0.04%). In the session of 27 January 2023, the value of trades fell to 2.1 billion euros, compared to 2.29 billion on Thursday.

The bitcoins it exceeded 23,000 dollars (over 21,000 euros).

The BTP-Bund spread it widened to 195 points, with the yield on the 10-year BTP standing at over 4.2%.

L’EUR it fell to $1.085.

The rise of CNH Industrial (+1.73% to 16.175 euros). Berenberg’s analysts began hedging the stock with an indication of buying the shares, based on a target price of 31 dollars (about 28.5 euros at current exchange rates).

In progress too Stellantis (+1.01% to 14.196 euros). DBRS upgraded the auto giant’s long-term debt rating by one notch from “BBB” to “BBB high”. Stellantis’ rating outlook for the coming quarters has turned “stable” from “positive”.

STM extension still among the best of the day at FTSEMib (+2.32% to €43.66) after the leap achieved in the previous session. After the release of the 2022 balance sheet data and the indications for the current year, some investment banks have increased the target price on the Italian-French company.

Very good too Saipem (+4.5%).

At MidCap Salvatore Ferragamo ended the session up (+1.89% to 18.83 euros, from a low of 17.58 euros). The luxury company announced that it closed 2022 with revenues of 1.25 billion euros, an increase of 10.2% compared to the 1.14 billion obtained the previous year, despite a drop in turnover in the quarter quarter; at constant exchange rates, revenues would have risen by 5.7%.

In sharp decline, however, Safilo Group (-8.74% to 1.451 euros). The company finished last year with net sales of €1.08 million, up 11.1% from €969.6 million in 2021. Safilo closed last year with an adjusted EBITDA margin of 9, 4%. Although slightly below management’s expectations, the adjusted EBITDA grew by 24% to €101 million, compared to €81.5 million in 2021.

In the STAR segment, the negative trend of IGD (-5.88% to 2.96 euros), after the heavy correction suffered the previous day, in the wake of the new financial indications for the two-year period 2023/2024. Intesa Sanpaolo analysts cut the target price on the stock from 4.3 euro to 3.4 euro and lowered their opinion from “Buy” to “Hold”, following the revision of the estimates on turnover and on the net profit for the two-year period 2023/2024.

At Euronext Growth Milan took advantage of Deodatus.galleryafter the strong rise achieved in the first two days of listing on the list dedicated to dynamic and competitive SMEs. The stock recorded a decline of 2.83% to 1.285 euro. The price of Deodato.gallery shares had gone from the 0.5 euro of the placement to the 1.3224 euro of the closing date on January 26th.