Economy

Italian Stock Exchange, Commentary on Today’s Session (16 March 2021)

The sector is taking advantage of new consolidation elements: UniCredit and BancoBPM in the spotlight. Among the smaller stocks, Geox and El.En stand out

The main indexes of the Italian Stock Exchange and the main European financial markets started the session with Fractional progression.

At 10.25 FTSEMib It gained 0.62% to 24,289 points, while the FTSE Italia All Share It rose 0.63%. Plus sign for file Medium hat from FTSE Italia (+ 0.86%) and FTSE Italia star (+ 1.08%).

The Bitcoin It dropped to $ 56,000 (less than € 47,000).

He. She Btp-Bund Spread Still less than 95 points.

L ‘euro Fluctuates between $ 1.19 and $ 1.195.

Generalized increases for securities in the banking sector. , Following the new provisions to unify the sector.

In the spotlight UniCredit (+ 2,16% a 9,316 €). Il Sole24Ore reported an analysis prepared by Deutsche Bank, relating to the hypothesis of integration with Mediobanca (+ 1.9% to € 9.644), a process that could create a value of over € 3 billion.

Better performance for BancoBPM (+ 4.44% € 2,34).

Geox It records an increase of 5.01% to € 0.88. The company revealed its financial results for 2020, the year that closed with a 33.6% decline in revenue and a net loss of 128.21 million euros. Geox management believes the first part of the year will still be affected by the temporary store closings but with an improvement in the second quarter as well compared to the previous year. Thereafter, advances in vaccination campaigns should support a gradual return to normal working conditions in the second half of 2021.

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Jump The. (+ 10.7% – 33.2 €). The company reported the financial results for 2020 and provided some indicators for the current year. El.En’s senior management expects a growth of more than 10% for 2021, with an improvement in the operating result and also hopefully operational profitability.


Thelma Binder

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