Piazza Affari closed the week in positive territory, above 25 thousand points. In an octave final tuned to the upside for the European stock exchanges, the Ftse Mib closed the session with a growth of 0.45% to 25,169.39 points. In the afternoon, support came from Wall Street which opened higher after the publication of a series of macro indications, including consumer confidence calculated by the University of Michigan just above expectations.
Returning to Piazza Affari and the stocks that stood out, Nexi ended the day with a rise of 2.3%. Moncler also did well (1.8%). For the title in the foreground the words of the CEO Remo Ruffini who expressed some considerations on M&A scenarios in an interview with Corriere della Sera. It does not see aggregations in luxury in Italy, as no entrepreneur, with the exception of Renzo Rosso, seems to have the potential and the desire to do so, and on the other hand there does not seem to be the will to sell on the part of the families that control the respective brand. for generations. However, he said he was interested in the creation of value rather than in the ownership of the shares, and therefore also willing to have a smaller share in Moncler as long as it was part of an operation that creates value and improves the profitability of the group. Words that have been interpreted by some press as a sign of the will to act as a unifying pole.
Positive pitch on the Ftse Mib also for Leonardo (+ 1.4%). To support the title of the former Finmeccanica several news, including the strategic alliance with the Maire Tecnimont group for the construction of new generation industrial plants in Italy and abroad. Support also comes from the forecasts pitted by the French Airbus, which offer visibility on the recovery path. In particular, the transalpine group announced that it intends to increase production of the A320 family from an average of 45 aircraft per month in the fourth quarter of 2021 to 64 aircraft per month by the third quarter of 2023. “In our current estimates, we assume a moderate recovery of the aerostructures business, destined to remain at a loss and burn up cash in the coming years. Any news / confirmation that the business is recovering is good, even if Leonardo is clearly more exposed to Boeing than to Airbus ”, comment from Banca Akros.
At the bottom of the Milanese list, two big names in the oil sector such as Tenaris and Saipem, which finished respectively at -1.1% and -1%. Under the lens for the banking sector with the market appreciating the stew hypothesis of Mps: the Sienese bank’s stock closed at + 3.3% after Il Sole 24 Ore announced that “among the numerous advisors involved in the risk the hypothesis of evaluating a sort of ‘stew’ of the Sienese bank would be taking hold ”, involving more subjects than those initially hypothesized. The idea would be to involve not only UniCredit and Mcc, but “potentially also Banco Bpm and Bper up to the post office”. Bper among the worst on the list with a drop of 0.6%. In recent sessions, the market has bet on the wedding between Popolare di Sondrio and Bper, after Unipol – the majority shareholder of Bper – announced its intention to rise to 9.5% of the bank from Valtellina.
Closing of the eighth sprint for Cattolica (+ 14.9%). The Verona-based insurance group announced that it had closed the first quarter of the year in marked growth, with an operating result better than ever and a group net profit tripled. The guidance on 2021 operating profit in the range of 265-290 million euros was also confirmed.