Crucial day for the future of the Milan stock exchange: a new bullish phase in Piazza Affari is ready
For the Milan stock exchange, yesterday was an excellent session beyond the performance dimension. The decisive aspect of yesterday was the closure of the Ftse Mib index (INDEX-FTSEMIB) beyond the threshold of 18,300 points. If prices ended the session above this level today, the conditions for a new upward trend in prices will arise next week.
Another element to be taken into consideration is the performance of bank shares. The shares of the banks listed on Piazza Affari in the last few sessions have awakened from a long sleep. It was also thanks to their performance that the Milanese price list rose to the highs of the last 2 months. In order for a bullish trend to trigger on the Milan stock exchange, it is essential that bank shares continue to recover
Ferragamo is on the launching pad
Yesterday an action was highlighted on everyone, Ferragamo. The stock closed 16% higher with volumes that hadn’t been seen in a year. The leap is due to the announcement of a new governance.
On the Stock Exchange, prices come from a drop that began on March 25th. Yesterday’s jump brought stocks back to 13 euros, a level they haven’t seen in two months. The continuation of the rise also in today’s session will bring Ferragamo up to the 14.3 euro area, the maximum of the last 90 days. A closure beyond this threshold will push the prices in the subsequent sessions towards € 15.9, where it will close the gap opened in the session on February 24. But the race could continue up to 19 euros, the maximum achieved at the beginning of the year.