Borsa Italiana, the comment of today’s meeting (28 May 2020)


Bankers are slowing down: BPER Banca remains in positive territory, even if it is far from the maximums reached in the opening. Leap of Salvatore Ferragamo after a stop for excess of rise  </p><div>

            <! - <EdIndex> -><p><img style="float: left;" src="" alt="Market-positivo_2" width="200" />The major indices of Borsa Italiana and the main European financial markets <strong>in positive territory mid-day</strong>, after the strong volatility recorded the previous day. Andrea Scauri - Lemanik's Italian equity manager - reported that after the sharp drop in world indices during the month of March following the economic effects of the pandemic from Covid-19 and the partial recovery in April / early May, <strong>world stock indices are in a sort of middle ground, with forces pushing in opposite directions</strong>. According to the expert, Piazza Affari is not immune from these dynamics, with the further issue related to the strong contraction of domestic GDP (above the European average), to which must be added the fact that the difficult negotiation with the European Union on the amount and possible non-reimbursement of recovery funds represents an element of evaluation in interpreting the market trend. "Our idea is that, within the Piazza Affari price list, never more than now will it be necessary to carry out a careful stock picking activity, both at the sectoral level and of individual names, to ride the trends with greater possibilities of recovery from current levels extremely depressed ", explained Andrea Scauri.

At 12.25 on FTSEMib it registered a progress of 0.96% to 18.082 points, after having oscillated between a minimum of 18.046 points and a maximum of 18.235 points. At the same time on FTSE Italia All Share it gained 1.01%. Positive changes also for the FTSE Italia Mid Cap (+ 1.2%) and for the FTSE Italia Star (+ 2.12%).

L’EUR returned to $ 1.1 while the bitcoin it remains above $ 9,000 (just under $ 8,500).

The spread BTP-Bund it oscillates around 195 points.

They brake i banking sector securities.

BPER Banca remains in positive territory (+ 0.09%), even if far from the maximum reached in the opening.

A minus sign, however, for Intesa Sanpaolo (-0.51%) e UBI Banca (-0.83%).

Salvatore Ferragamo registers a jump of 13.8%, after a stop for excess of rise at the start of the day. The board of directors of the luxury company has approved a new governance structure. In detail, the Ferragamo family will concentrate on the guiding and strategic direction of the company, while executive tasks will be entrusted to managerial figures. In particular, Salvatore Ferragamo reported the return of Michele Norsa who will take on the role of executive vice president of the company.

Is in the almost 2% (+ 1.85%). The electric giant has announced that it will reduce the closing times of the last coal plant in Chile. Enel has specified that any value adjustments deriving from the expected interruption of production of the two units of the plant would not however affect the group’s dividend policy. In addition, the electric giant has announced that it has increased its stake in the Chilean subsidiary Enel Américas up to 62.3% of the share capital.

EXOR falling sharply (-1.97%). The S&P agency confirmed the holding’s long and short-term debt rating, set at “BBB +” and “A-2” respectively. However, the experts have worsened the prospects, bringing them from “positive” to “stable”.

DiaSorin tests the rebound (+ 4.22%), after the heavy correction suffered in the last two sessions.

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