Home Economy Borsa Italiana, commentary of the March 21, 2023 hearing

Borsa Italiana, commentary of the March 21, 2023 hearing

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Borsa Italiana, commentary of the March 21, 2023 hearing

The race for banking stocks continues: UniCredit’s performance stands out. Oil companies and Stellantis are also doing well. In the STAR part, Mondo TV is still hanging on

green business boxThe main indices of the Italiana Stock Exchange and the main European financial centers were confirmed in Positive territory, just below today’s highs. Giuseppe Cercel – strategist at Anthilia Capital Partners Sgr – sees one of the main drivers of recoveryShort oversold. “I think we’ll have more volatilityAlso because the situation in the United States of America is far from clear for regional banks, ”the expert speculated.

at 14.20 FTSEMib It rose by 2.62% to 26,577 points, just below the intraday high of 26,622 points. At the same time FTSE Italia All Share It rose 2.55%. plus sign for file Medium hat from FTSE Italia (+ 2.13%) and l Star of FTSE Italy (+ 1.39%).

the Bitcoins It’s still more than $28,000 (just over 26,000 euros).

the BTP-Bund spread It widened to more than 180 pips, with the yield on the 10-year BTP plan exceeding 4.1%.

L’euro It was close to $1.08.

The rise continues in the stocks of the banking sectorAfter the sharp rise achieved in the previous session.

The performance of the UniCredit (+6.19% to €17,294). From the correspondence issued by Consob on March 20, 2023, we learn that since March 13, Edoardo Mercadante has held a 5.155% stake in the capital of the Institute through the Parvus Asset Management Europe subsidiary.

very very good Intesa San Paolo (+3.6% to €2.357). In connection with the implementation of the treasury share purchase program aimed at cancellation (buyback) launched on February 13, 2023, in sessions between March 13 and March 17, 2023, the Bank purchased 128.24 million treasury shares, at a weighted average price of €2.2989 per share . The total value of the deal amounted to 294.81 million euros. The shares purchased equate to approximately 0.68% of the share capital.

the BancoBPM It records an increase of 2.97% to 3.777 euros. From the correspondence issued by Consob on March 20, 2023, we learn that on March 10 JPMorgan Chase increased its total stake in the institute to 5.023%.

better performance for Bank Paper (+4.58%).

Great performance also for the oil sector stocksAfter the price of crude oil in New York (contract expires in April 2023) rose to $68.5 per barrel.

Where is it? A gain of 3.13%, to 12,588 euros. better performance for Tenaris (+ 3.85%) f Saipem (+ 7.37%).

Also good stellants (+2.6% to €16,258). ACEA (the European Union that brings together car manufacturers) reports that in February 2023 802,763 cars were registered in the EU, an increase of 11.5% compared to 719,783 cars in the same period in 2021. Stellantis sales grew slightly in February 2023: in the last month they were recorded The Automotive Group increased 1.6% in registrations with 153,684 vehicles sold. As a result, Stellantis’ market share in Europe was 19.1%.

In the STAR part, Mondo TV is still hanging on. Borsa Italiana reports that from Tuesday, March 21, 2023 until further communication regarding the company’s common shares, it will not be possible to place orders without a price limit (orders at best).


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