February 8, 2023

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Borsa Italiana, suspended session of December 16, 2022

Highlights the excellent performance of Azimut Holding. UniCredit and Intesa Sanpaolo also performed well. On the contrary, Telecom Italia closed TIM in negative territory

The main indices of the Italiana Stock Exchange and the main European financial centres The last session of the week closed in negative territory, which has an important technical expiry: futures and options contracts on stocks and indices expire in December 2022. Pierre Ferret – technical analyst at ActivTrades – explained that the STOXX-50 index has violated an important support at 3850 points (Fibonacci 23.6%) and seems to indicate The next level is at 3,735 points (38.2%) ahead of the important level of 3,645 points (50%). The expert pointed out that “the relative strength index confirmed the bearish breach, while the DMI indicator – the directional movement indicator – clearly indicates the return of bearish pressure within a directional movement.”

The FTSEMib It suffered a decline of 0.16% to 23,688 points, after fluctuating between a minimum of 23,505 points and a maximum of 23,815 points; For the entire week, the main Italian stock index fell by 2.43%. The FTSE Italia All Share It lost 0.21%. worst performance for Medium hat from FTSE Italia (-0.51%) and l Star of FTSE Italy (-1.41%). In the December 16, 2022 session, the value of trading rose to 3.3 billion euros, compared to 2.61 billion on Thursday.

at 17.35 Bitcoins It fell to less than 17 thousand dollars (less than 16 thousand euros).

The BTP-Bund spread It’s back down to 215 pips, with a 10-year BTP return of less than 4.3%.

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L’euro It fell to $1.06.

Important pints between Financial sector stocks.

In FTSEMib, the excellent performance of Azimut Holding (+6.03% to €20.48). company f UniCredit (+1.77%) signed a letter of intent setting out the basic principles for the distribution of new asset management products in Italy. In particular, Azimut will independently create and operate a management company in Ireland which will develop investment products for distribution in Italy through the UniCredit network on a non-exclusive basis. The funds are scheduled to be released to Italian clients in the second half of 2023.

Also in progress Intesa San Paolo (+ 3.19% to 2.058 euros). From correspondence issued by Consob on December 15, 2022, we learn that effective December 2, a total interest in the Institute has been added to Goldman Sachs equal to 8.39% of the share capital.

Also good BancoBPM (+ 1.75%) f FinecoBank (+2.47%).

Telecom Italia TIM closed in the negative zone. the address lost 1.02% At a price of 0.2031 euros. The phone company has reported that the board has proceeded with the selection of Massimo Sarmi as director, to replace Frank Cadoret who resigned on November 16, 2022.

The FTSEMib Coupon Diasurin (-3.68%).

fincantieri recorded an increase of 1.53% to 0.532 euros. The company’s management has examined and approved the business plan for the period 2023-2027.

At Euronext Growth Milan focuses on plants, on the day of its debut in the price list for dynamic and competitive small and medium enterprises. the address It made a jump of 45.8% to 1.75 euros. The company’s shares were placed at 1.2 euros, with an initial capitalization of 8.95 million euros.

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Also highlights Saccheria FranceschettiThis is after the jump of 53.6% on its debut day. the address 5.6% profit At a price of 2.0275 euros.