January 31, 2023

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Borsa Italiana, suspension of January 9, 2023 hearing

Telecom Italia TIM’s performance stands out. Among the banks in the directory are Monte dei Paschi di Siena. Rally Sais brings together the companies of the star sector

The main indices of the Italiana Stock Exchange and the main European financial markets ended the first session of the week modest increasesreinforcing the positive trend of the last eighth.

the FTSEMib It advanced by 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 gain of 0.92%. better performance for Medium hat from FTSE Italia (+ 1.88%) and for Star of FTSE Italy (+ 1.89%). In the session of January 9, 2023, the value of trading rose to 2.14 billion euros, compared to 1.62 billion on Friday.

the Bitcoins More than $17,000 (just over €16,000) remained.

the BTP-Bund spread It shrank to 195 pips, with the 10-year BTP yield dropping to less than 4.2%.

L’euro It amounted to $1,075.

In FTSEMib perform Telecom Italia TIM. The phone company’s address is jumped 5.56% At a price of 0.2487 euros.

very very good STM extension (+ 5.22%).

Among the banks in the directory Monte dei Paschi di Siena (+11.7% to €2,218). During an interview published in Il Sole24Ore, the bank’s managing director, Luigi Lovaglio, indicated that after a capital increase of 2.5 billion euros, the share price is at a discount compared to the major Italian banks.

Positive performance of the oil sector stocksAfter the price of crude oil in New York (contract expires in February 2023) returned to $75.5 per barrel.

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Where is it? It increased 0.77 percent to 13,944 euros.

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

passive closure of Erg (-1.64% to 27.6 euros). Morgan Stanley analysts cut the price target for the energy company to 29 euros. Experts also downgraded the rating to “underweight”.

Also in red generals (-0.92% to 17.18 euros). Once again, Morgan Staley lowered the price target on the Lion of Trieste from €19 to €17. Experts also downgraded the rating to “underweight”.

in partial progression stellants (+0.75% to €14,554). The auto giant announced the signing of a binding agreement with Element 25 regarding the supply of manganese sulfate for batteries intended for electric vehicles.

Ferrari (+3.4% for €216) Among the best today in FTSEMib. Citigroup analysts raised the price target on the Prancing Horse, taking it from €150 to €216. Experts also upgraded the rating to “neutral”.

Among the companies included in the focus sector is STAR Says Jetters. Ordinary shares rose 24.6% to 29.35 euros, while securities of savings They jumped 38.4% to 22 euros. The company announced that it had signed a binding agreement with the US company Resonetics to sell Nitinol’s business and, in particular, the US subsidiaries Memry Corporation and SAES Smart Materials. The agreed sale price is equal to $900m and will result in a net capital gain of €584.6m.