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MARKET SNAPSHOT: Milan’s stock market experienced a mixed session today, with banking stocks leading gains while Unipol saw a significant decline. The spread between Italian BTPs and German Bunds remains elevated, signaling continued investor concern.
The spread Btp-Bund is currently above 80 basis points, and the yield on 10-year BTPs stands at 3.5%. The euro is trading around $1.165 against the US dollar as of 15:30 CEST.
Unipol (IT0004810054) closed down 2.83% at €17.51. The insurance group released its first-half 2025 financial results, reporting continued regular activity in its insurance business during July with no significant events reported. Unipol reaffirmed its commitment to the 2025-2027 strategic plan, anticipating progressive effects in upcoming quarters. The company is headquartered in Bologna, Italy, and operates across various insurance segments including property, casualty, and life insurance.
The banking sector showed positive momentum. BancoBPM (IT0005218380) rose 1.59% to €11.47, while Unicredit (IT0005239360) gained 1.53% to €67.19. Unicredit, one of Italy’s largest banks, has been focusing on streamlining operations and improving profitability in recent quarters.
Leonardo (IT0003856405) experienced a modest recovery, increasing 0.79% to €46.99 following a sharp decline in the previous trading session. The aerospace and defense company is a key player in the European defense industry.
Enel (IT0003128367) led gains among utility stocks,rising 1.35% to €7.862. The energy company is undergoing a strategic shift towards renewable energy sources.
On the euronext Growth Milan, two companies debuted today. Vinext (IT0005652414) was unable to establish a price due to excessive demand.Shares were initially priced at €2.00, resulting in a market capitalization of €5.2 million (€5.6 million including multiple voting shares). Vinext operates in the wine and spirits sector, focusing on the distribution of Italian wines.
Rino a Fifth (IT0005663429) saw a 6% increase to €3.18 on its debut, with shares initially priced at €3.00. The company’s market capitalization at the start of trading is €9 million (€9.9 million including multiple voting shares). rino a Fifth specializes in the production and sale of handcrafted leather goods, primarily targeting the luxury market. The company is based
