Piazza Affari, which had moved into negative territory for a large part of the session, thanks to concerns related to the health situation in Europe, tore the plus sign at the end of the day. The Ftse Mib index rose in the wake of the good verve of Wall Street and closed at 24,208.66 points, up 0.39%.
Oil stocks shone today: + 2.7% ENI, + 3.7% Tenaris and + 3% Saipem under the pressure of the rebound in oil prices (WTI returned to above $ 60 with a jump up to + 5% ). A ship ran aground in the Suez Canal today, raising supply concerns and overshadowing fears of a slow recovery in demand due to European blockades. Meanwhile, according to sources reported by Reuters, OPEC + compliance with oil production cuts in February rose to 113% from 103% in the first month of the year.
Moncler is also doing well today (+ 0.5%) with Equita Sim analysts remarking that from the placement of approximately 8 million shares by Ruffini (March 9) the title of the down jacket group has underperformed the FTSE Mib index ( -6%) and its peers (-9%), probably also paying a negative sentiment on the sales trend of the first quarter in recent days (numbers to be released on April 22). The Milanese sim estimates € 363 million in turnover, with retail + 24% on an annual basis and wholesale at + 7%.
Purchases also on Nexi (+ 2.6%). “The ‘Cashback’ program is registering an ever-increasing number of subscribers, from almost 6 million in the experimental period of December 2020, with more than 4 million active users, to more than 8.5 million with 7 million active users” . This was highlighted by the Undersecretary for the Economy, Claudio Durigon. Regarding the progress of the operation scheduled until June 2022, he said: “I think it is right to be able to verify the effectiveness of this use also for next year, I asked the ministry to evaluate it”.
On the other hand, a day to forget for Leonardo (-6%) after the announcement of the postponement of the IPO of the subsidiary DRS on Wall Street. “Despite the interest of investors during the roadshow, within the defined price range, the adverse market conditions did not allow an adequate valuation of DRS”, explained the group, anticipating that an IPO will be re-evaluated. when market conditions are favorable and a successful debut can be achieved with an appropriate valuation of the business.
Amplifon was also in trouble (-4%) which yesterday rejoiced in the wake of the disappointing results released by Frequency Therapeutics regarding the testing of its drug against deafness.