Sales on securities in the banking and energy sectors pushed the Milan stock exchange down. Within the first sector, which recorded a generalized weakness also in the rest of Europe, the negative trend of UniCredit (-3.36%), -2.15% of Banco Bpm and -1.63 stands out % of Intesa Sanpaolo.
With Brent in the red by half a percentage point at $ 62.8 a barrel, Eni finished with a -1.87% and Tenaris with a -2.56%. In contrast to Saipem (1.82%), driven today by two news items.
The first is represented by the promotion decreed by Mediobanca Securities analysts, who raised the valuation from “neutral” to “outperform” with the target price going from 2 to 3 euros. The second news to have favored the title was released by the same company, which made it known that it had signed a Memorandum of Understanding (Mou) with Siram Veolia for a collaboration agreement in view of the realization of projects focused on the energy transition in Italy.
A positive day also for Moncler (+ 1.74%), on which the Jefferies analysts revised the target price from 54.5 to 55 euros with a “keep” valuation in the portfolio.
Thanks to a leap in the second part, Atlantia shares recorded the best performance of the Ftse Mib, which stopped at 24,576.51 points (-0.66%), closing with a + 3.1%. The purchases were triggered by the assessment that the Spanish ACS made of Autostrade per l’Italia, priced between 9 and 10 billion euros.
As for the government bond market, the spread between Italian and German 10-year bonds fell by more than 2 percentage points to 99 basis points. The Ministry of Economy has issued a note to formalize that during the recent syndicated placement of a new 50-year BTP benchmark and the reopening of the 7-year BTP benchmark “the total demand exceeded 120 billion euros, almost equally divided between two titles “. (in collaboration with money.it).