MILAN (Reuters) – Indices stuck at parity on Piazza Affari in a session lacking in topics from a macro point of view, but marked by selective news that influenced the performance of individual stocks.
The markets will be open today and tomorrow, before the long Easter holiday break which will inevitably lead to a progressive contraction in volumes.
On Wall Street, futures projections indicate a cautious rise in the afternoon.
At around 12.10 pm the price was up by a fractional 0.09%. The volumes traded are equal to 1.5 billion euros.
The titles highlighted today
Volatile MPS (BIT:) (+0.45%) after a sharply declining start to adapt to the price of the placement by the Mef yesterday of 12.5% of the capital at the price of 4.15 euros per share. Following the operation, the stake held by the Mef in MPS drops from 39.23% to approximately 26.73% of the share capital. Boom in trading on the stock, with over 15% of the capital changing hands. According to Equita, “the placement of a further share of MPS is not unexpected, although it was considered more likely that this would happen after the payment of the dividend by the bank”.
UniCredit (BIT:) is weak (-0.30%), while NEXI (BIT:), after a positive start, drops 1.2% despite press rumors according to which the bank and the paytech company are close to an agreement on the renewal of the partnership on the payments front. The Banca Akros broker positively evaluates “the strengthening of the partnership”, confirming the Buy recommendation and target price of 8.5 euros.
Sold Tim (BIT:) down 0.75%. Weak ENEL (BIT:) (-0.1%) after that Deutsche Bank (ETR:) cut its target price to 6.7 euros from 7 euros previously.
Leonardo’s rally continues at +1.9% with the stock returning to multi-year highs at 23.56 euros.
Off the main list, Italian Sea Group lost 6.8% to 10.36 euros, adapting to the price of the placement of 8.7% by the main shareholder at the price of 10.10 euros per share.
Civitanavi Systems rises 13.6% to 6.16 euros after Honeywell announced its intention to acquire the entire share capital through the launch of a voluntary public tender offer at a price of 6.30 euros per share in cash , aimed at delisting.
Finally, collection Mondadori (BIT:) (+2.9%) on press rumors that the purchase of the Turin publishing house Lattes, which is particularly strong in volumes for secondary schools, is being finalised. Banca Akros believes that, if confirmed, “the target is small but we believe that thanks to the synergies the company could quickly become profitable”.
(Giancarlo Navach, editing Andrea Mandalà)
