Positive performance for securities in the banking sector. Some ideas among the oil companies. Unipol and UnipolSAI also did well. Stellantis remains in negative territory.
The major indices of the Italian Stock Exchange and the main European financial markets record fractional variations. Pierre Veyret – ActivTrades technical analyst – believes it likely equity markets remain volatile and without a clear direction in the short termdespite the recent bullish price action led by financial and energy stocks.
At 14.10 the FTSEMib it recorded a progress of 0.05% to 23,887 points, after having fluctuated between a minimum of 23,854 points and a maximum of 24,162 points. At the same time the FTSE Italia All Share was up by 0.01%. Negative trend, however, for the FTSE Italia Mid Cap (-0.29%) and for FTSE Italia Star (-0.64%).
The bitcoin stands under $ 29,500 (less than € 28,000).
The BTP-Bund spread remains below 200 points.
L’EUR it stands just above $ 1,065.
Positive trend for i securities of the banking sector.
The rises of BancoBPM (+ 0.64% to 3.164 euros) and of BPER Bank (+ 1.46% to € 1.8455). Jefferies analysts have increased the target price on the two banks, bringing it respectively to € 4.6 and € 2.9; the experts confirmed the buy indication on both stocks.
Some ideas between stocks in the oil sectorafter the price of crude oil in New York (contract expiring in July 2022) rose to 111.5 dollars a barrel.
ENI records an increase of 2.28% to 13.92 euros.
Stellantis loses 1.4% to 12.952 euros. The automotive giant and Samsung SDI have announced that they have signed binding and definitive agreements for the construction of a production plant for batteries for electric vehicles in Kokomo (Indiana), in the United States. The plant, which is expected to become operational in 2025, will have an initial annual production capacity of 23 gigawatt hours (GWh), with the aim of increasing to 33 GWh in the following years. The joint venture will invest over $ 2.5 billion (€ 2.3 billion).
In evidence Unipol (+ 2.05% to € 4.937) e UnipolSAI (+ 1.57% to 2.582 euros). The Moody’s agency has improved the ratings on the financial solidity of the two insurance companies, bringing it respectively to “Ba1” and “Baa2”. The outlook on ratings for the next few quarters remains “stable”.
MFE-MediaForEurope turns into positive territory (+ 1.07% to 0.755 euros). The company disclosed the financial data for the first quarter of 2022 and confirmed the objective of achieving positive economic results and free cash flow for the year 2022.
At Euronext Growth Milan Illa is suspended due to excess of the rise, after marking a theoretical progress of 69.8%. KI Group announced its intention to purchase a total shareholding of 2,010,000 shares of the company, corresponding to a share of 15.85% of the capital, at a price per share of € 0.15.
The race of Casta Diva Group (+ 19.4% to € 0.584)after the disclosure of the financial targets of the industrial plan for the three-year period 2022/2024.
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