Home / italy / Borsa Italiana: the comment of the day (February 12, 2019)

Borsa Italiana: the comment of the day (February 12, 2019)



Banking is always a protagonist at Piazza Affari, after the excellent performances that were recorded yesterday. Very positive session for Pirelli and Juventus FC

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Piazza Affari and the most important European trade fairs confirmed in positive area at noon, with increases in the order of percentages. According to Olivier De Berranger, Chief Investment Officer of La Financière de l'Echiquier, investors do not seem to see any catalyst that could justify a further rise in share prices after the January rally. "Apart from the macroeconomic data and the geopolitical uncertainties, the operating results do not appear to be sufficiently valid to act as a catalyst on the markets," said the expert. Spotlight on Italian government bonds; In the morning the Treasury placed the BOT with an annual term of 6.5 billion euros: the return on the shares fell to below 0.2%.

stock index positiveAt 12.35 FTSEMib was in progress from 0.99% to 19.771 points, while the FTSE Italia All Share earned 0.98%. Positive addition for the FTSE Italy Mid Cap (+ 1%) and for the FTSE Italia Star (+ 0.89%).

L & # 39;euro it is confirmed under $ 1.13.

the spread between the EDP and the Bund with a ten-year term falling below 275 points.

BROWSE the offers of the SOLMib40 securities

Banking is always a protagonist at Piazza Affari, after the excellent performances that were recorded yesterday.

Positive input for the BancoBPM (+ 1.3% to 1.8716 euros).

Better performance for the Monte dei Paschi di Siena, which rose by 8.32% to 1.3545 euros.

Plus sign for IntesaSanpaolo (+ 0.37% to 2.007 euro). Still indications of the investment banks at the institute led by Carlo Messina after the dissemination of the results of the financial year 2018. HSBC lowered the target price on the bank from 2.6 euros to 2.48 euros, after the reduction of earnings per share and to the dividend for the 2019 financial year; however, the experts confirmed the designation of the purchase of the shares, because the new target price still remains above the quote of IntesaSanpaolo on Piazza Affari. On the other hand, UBS aggravated the rating of the institution to "Neutral".

Fiat Chrysler Automobiles just below the parity, after the severe correction suffered in the last sessions. The share of the car company declined by 0.2% to € 12.916.

Pirelli (+ 4.23% at 5.96 euros) recorded the best performance of the day at FTSEMib. The operators link the rally of the share to the positive trend of the sector, after the estimates released by the French giant Michelin for 2019.

Juventus FC is running from 2.14 %% to € 1,336. The Juventus club has announced that the Board of Directors has decided to issue a non-convertible bond for a total nominal amount of between 100 and 200 million euros, with placement reserved for qualified investors. The bond enables the company to acquire financial resources for its activities, thereby optimizing the structure and duration of the debt.

Telecom Italia earns 0.79% to 0.4884 euros. According to what Il Sole24 has written, the Elliott fund intends to increase its share of the phone giant's capital to 10% of the current 9.557% (Consob data). The financial daily recalled that if the threshold of 10% is exceeded, the US group would be obliged to inform the government of the new participation, as required by the golden power legislation.

Prysmian decreases by 1.02% to € 18.04. The company has announced that the Brazilian Competition Authority's research agency (CADE) has formalized the costs as part of the procedure notified in 2011 to the company listed on FTSEMib. The Technical Note reports the findings of the investigation by the CADE in the sense of imposing a fine on Prysmian, for an amount that should be between 15% and 20% of the turnover in Brazil in 2009. the maximum fine that could be imposed on Prysmian under the procedure should equal 409 million Brazilian real (equivalent to around 96 million euros at the current exchange rate).

Astaldi increased by 1.94% to € 0.735, after the correction yesterday ago. According to what was written on MF, Salini Impregilo's offer for the group of buildings in financial difficulties would not be allowed to arrive today. The financial daily, however, reminded that Astaldi must present the concordance plan to the Court of Rome by 14 February.

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