Banking sector stocks remain in the spotlight, after the strong volatility recorded in recent sessions. STM rebound. Intercos is in sharp decline
The major indices of Borsa Italiana and the main European financial centres recorded progress in the order of a percentage point. According to Pierre Veyret – technical analyst of ActivTrades – confidence in equity markets appears to be solid, with the key supports containing any downside attempts for now, despite the turmoil in the banking sector. “Investors are discounting a greater supply of liquidity and a more accommodative approach by central banks, in the form of a slowdown in the pace of rate hikes and in the future also of cuts in the cost of money”, specified the expert.
At 11.45 the FTSEMib it gained 0.96% to 26,582 points, just below the intraday high of 26,602 points. At the same time the FTSE Italia All Share was up 0.94%. Plus sign for the FTSE Italia Mid Cap (+0.77%) and for the FTSE Italia Star (+0,56%).
Il bitcoin jumped over $28,000 (just over €26,000).
Lo spread Btp-Bund it is confirmed below 185 points, with the yield on the 10-year BTP falling to 4.1%.
L’euro it surpassed $1.085.
Banking stocks remain in the spotlightafter the strong volatility recorded in the last sessions.
The rise of the Monte dei Paschi di Siena (+5,35%).
On equality Telecom Italia TIM (-0,03% a 0,2954 euro), after the rise achieved in the previous session. According to what was written in Il Sole24Ore on April 18, 2023, Kkr and the Cdp-Macquarie consortium will have to formalize their definitive offers for the telephone company’s network infrastructure, which could be better both in terms of quality and evaluation.
Bounce of STM (+5,39%)after the correction suffered in the previous session.
At MidCap the slip of Intercos (-5,23% a 13,41 euro). Some press agencies have reported the news of the placement of 5.5 million shares of the company at a unit price of 13.25 euros.
Among the companies with smaller capitalization, the rises of the companies stand out ordinary shares e you savings at KME Group. The two stocks respectively gained 22% at 0.938 euro and 18% at 1.175 euro. The company announced that it had received a binding offer from investment funds managed by JP Morgan Asset Management aimed at financing an operation which envisages the promotion by KME of takeover bids on ordinary shares, savings shares and KME warrants from settle with cash consideration, as part of a project aimed at the delisting. The first voluntary takeover bid is launched on KME ordinary shares at a unit price of one euro. The second voluntary public purchase offer concerns the KME Group savings shares, at a unit price of 1.2 euro per share (cum dividend of 0.21723 euro).
