Italian Stock Exchange, commentary from the session of 20 June 2024

Italian Stock Exchange, commentary from the session of 20 June 2024
Italian Stock Exchange, commentary from the session of 20 June 2024

Fractional rising start for the main stock exchanges of the Old Continent, which confirm the trend of the futures on the major continental indices of the pre-opening. Wall Street reopens today after yesterday’s pause

Fractional rising start for the main stock exchanges of the Old Continent, which confirm the trend of futures on the major pre-opening continental indices. On Piazza Affari the main baskets gain around half a percentage point. Wall Street reopens today after yesterday’s break, a day in which US markets remained closed for the Juneteenth Holiday 2024.

At 9.20am the FTSEMib rose by 0.38% to 33,348 points while the All Share advances by 0.42% to 35,552 points. Mid Cap (+0.55%) and STAR (+0.52%) are on the same line.

Banking stocks are among the main stocks on Piazza Affari to monitor, after the movements of the last few days. UniCredit rises by 0.82%, Intesa Sanpaolo by 0.74%. Below the percentage point the increases also of MPS Bank (+0.46%), BancoBPM (+0.46%) e BPER Bank (+0.88%).

In slight progress Telecom Italia (TIM) (+0.18%). According to press reports, the group led by Pietro Labriola is working to close the sale of the access network to KKR on July 1st. According to recent statements by the CEO himself “the company could evaluate M&A operations in the enterprise segment”. TIM would thus aim to become an important player in IT services, including in the consumer segment.

Focus on Leonardo (-0.04%), which announced that it had sold its stake in Industria Italiana Autobus to Industrial series (+7.14%). The latter will end up with 98% of the capital, with the remaining 2% remaining with Invitalia.

 
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